Allahabad is one of the oldest Indian cities situated in the state of Uttar Pradesh. The city was earlier known as Prayag which was renamed as Allahabad during the Mughal era. Allahabad has played a vital role in the history of the state as well as the country. It lies on the confluence of the Ganga, Jamuna and Saraswati rivers, elevating it to a respectable place in the Hindu religion. It is one of the most populous areas in the state of UP and is divided into 80 wards for administrative purpose, each headed by an elected representative. The economy of the city is mostly dependent on agriculture. The fertile Gangetic plain around the city facilitates this. Other industries that thrive in the city include real estate, banking and tourism. Additionally, there are a host of small-scale units in the glass and wire manufacturing sector. Allahabad is a seat of power in Uttar Pradesh. It hosts a lot of bureaucratic offices, employing a lot of people. Huge companies like Reliance, SAIL, BPCL, HCL are also functional in Allahabad, adding to the employment opportunities. The Allahabad University is one of the oldest and most reputed universities in India. There are other notable institutions in Allahabad such as IERT, Motilal Nehru National Institute of Technology, Ewing Christian college, etc. The major attraction for tourism in Allahabad is the Kumbh Mela which is a sacred rite for Hindus across the world. It gathers lakhs of visitors to the city every year. Few other places to visit in this city include the Allahabad Fort, Alfred Park, Ashoka pillar, the Victoria and Thornhill Memorials, etc.
The government owns 63.44% of the share capital of Union Bank of India making it one of the largest government-owned bank. As on 30 September 2015, the Union Bank had a network of 6909 ATMs. The online telebanking facility of UBI is available to all the Core Banking Customers, either individual or corporate. UBI had 4214 branches, as of September 2016. Out of them, four bank branches are outside India in Hong Kong, Antwerp, and Sydney (Australia) Dubai International Financial Centre. The representative offices of UBI are at Abu Dhabi, Shanghai, Beijing. The Union Bank of India (Union Bank) was registered as a limited company in Mumbai on 11 November 1919, and Mahatma Gandhi inaugrated it. The Union Bank of India had only four branches - three in Mumbai and one in Saurashtra at the time of Independence in 1947. After Independence, the growth of UBI was accelerated, and the Indian Government nationalized it in 1969. It had 240 branches by that time. The Union Bank of India acquired Belgaum Bank shortly after nationalization. The UBI bought the Miraj State Bank in 1985. In 1999 the Union Bank was requested by the RBI to acquire Sikkim Bank in a rescue after extensive irregularities had been discovered at the non-scheduled bank.