Jamshedpur is the earliest planned industrial city of India and also the most populous city in the Indian state of Jharkhand. The rivers Subarnarekha and Kharkai border two edges of the city which is surrounded by the picturesque Dalma Hills and located on the Chota Nagpur plateau. The city is named after Jamsedji Tata, who had planned and funded the development of the city. Companies like Tata Steel, Tata Power, Tata Motors, TCE, TCS, Lafarge Cement, Telcon, BOC Gases, etc. are located here. Jamshedpur houses the largest industrial zone in India, known as Adityapur, which has more than 1200 SMEs. Tata steel is the oldest and largest Steel producing plant in India. The areas surrounding the city of Jamshedpur are rich in minerals, especially iron ore, coal, manganese, bauxite and lime. It is the hub of the iron and steel industry, truck manufacturing, tinplate production, cement and other SMEs manufacturing these products. The administration of the city is looked after by Greater Jamshedpur Metropolitan Region, with the help of TATA group.
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.