satara is a city in the Satara District of the Indian state of Maharashtra. It lies near the confluence of the Krishna and the Venna rivers. The city was established in the 16th century and has been named after the seven forts (sat-tara) found in and around the city. Satara is famous for its sweet called kandi pedhe. It is located at the base of the famous Ajinkyatara fort. There is a unique statue of Shivaji standing near a canon (instead of riding a horse) in Satara. The city has centuries-old ancient palaces called Juna Rajwada and Nava Rajwada that are famous for its majestic grandeur. The Thoseghar Waterfalls and the Vajrai Waterfall in the vicinity of the city are famous tourist attractions. This growing city has a population of around 1.2 lakh people. It is well connected to all other cities in the vicinity through road and railways.
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.