Bhopal, the capital of Madhya Pradesh, is known for its scenic beauty and old historic structures. The city has many natural as well as artificial lakes and is often referred to as the City of Lakes. The city is divided into two - old and new Bhopal. The old city is marked by its marketplaces, mosques and palaces, whereas the new city has modern buildings, broad avenues as well as many verdant parks and gardens. Folklore says that the city was founded by Raja Bhoja of the Paramara dynasty in the 11th century. The modern city of Bhopal was established by a Pashtun soldier in the Mughal army by the name of Dost Mohammad Khan soon after the death of King Aurangzeb. Bhopals delectable cuisine and splendid architecture was a gift from the Muslim rulers. During the British rule, Bhopal became a princely state and was ruled by four Muslim women who are popularly known as the Begums. These Begums gifted the city with its railways, waterworks, the postal system and even a municipality. Hindus and Muslims harmoniously coexist in this city that celebrates Diwali and Eid with equal passion and devotion. Bhopal, in recent times, serves as a trade center of electrical goods, and chemicals, cotton clothes and jewelry. The city also has various institutes of national importance. AIIMS, IISER and ISRO?s Master Control Facility are a few among them. Bhopal is known for its gas tragedy on 3rd December 1984, when methyl isocyanate gas escaped from the Union Carbide Insecticide plant and affected the lives of lakhs of people, killing thousands. It was one of the gravest industrial disasters in the history of mankind.
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.