Panchkula is a well-planned city located in the Indian state of Haryana. It lies adjacent to the union territory of Chandigarh and Mohali. Panchkula is a part of Greater Chandigarh which is also called the Chandigarh capital region. The Chandigarh-Mohali-Panchkula metropolitan area together forms a Chandigarh Tricity, which has a combined population of over 2 million. Panchkula alone has an approximate population of more than 5.5 lakh people. Panchkula hosts the Chandimandir Cantonment, the headquarters of the Indian Armys Western Command. The word "Panchkula" is derived from the words panch which means five in Sanskrit and kula which is the Sanskrit word for canals. Therefore the name of the city possibly refers to the five irrigation canals which distribute water to several parts of the city from the Ghaggar-Hakra River. The IT Park at Panchkula is a state of art infrastructure that aims to facilitate information technology in the city. The IT Park is spread over a vast expanse of 74 acres of land and is situates on the foothills of Shivalik Hills. It provides employment opportunities to the residents as well as migrants from other parts of the country. Tourism is another great source of economic growth. The places in and around Panchkula that are worth visiting are Pinjore Gardens, National Cactus and Succulent Botanical Garden and Research Centre, Kaushalya Dam, Khol Hi-Raitan Wildlife Sanctuary, Bir Shikargah Wildlife Sanctuary, and several temples.
The Union Bank of India was incorporated on 11th November 1919 with its headquarters in Mumbai. In the year 1921, The Head Office of the Bank in Mumbai was inaugurated by Mahatma Gandhi. The Bank has a presence of over 4200+ branches across India. The core values of bank management are reflected in the fact that the bank has shown an exponential profit growth in last 96 years of its working. The Union Bank has been playing a very proactive role in the economic growth of India. It extends credit to meet the requirements of different sectors of the economy such as Industries, exports, trading, agriculture, infrastructure. Along with that, there are individual sectors in which the bank has given credit to influence economic growth and to earn from a well-diversified portfolio of assets. The resources of the bank are mobilized through Term Deposits, Current, Savings, and through refinance and borrowings from abroad. The Union Bank consists of large customer base of over 5.7 crores. On the technology front, the Bank has been an early adopter of technology due to which 100% of its branches are computerized. Shri Rajkiran Rai G. is the current Managing Director and CEO of the bank.