Panvel is a city in the Raigad district of Maharashtra. It is situated in the Konkan Division of the state. It is a highly populated city since it is close to Mumbai. Panvel falls within the territorial boundary of the Mumbai Metropolitan Region. The Panvel creek borders the city on one side and there are mountains on the other sides of the city. Panvel is surrounded by some major industrial hubs housing the units of companies such as Larsen & Toubro Ltd., Reliance, ONGC, Hindustan Organic Chemicals Ltd., IPCL, etc., providing mass employment to the residents of Panvel. The JNPT port is situated near Panvel. A new SEZ is being set up by the government around Panvel. The places worth visiting in Panvel are Karnala fort, Karnala bird sanctuary, Gadeshwar dam, Matheran, Ballaleshwar Pal, Bet El Synagogue, Varadvinayak, etc. The city is very well connected to neighboring areas via roads and railway.
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.