Jhansi is a famous and historic city in the Indian state of Uttar Pradesh. It is located in Bundelkhand, between River Pahuj and Betwa, towards the extreme south of the state. The city of Jhansi serves as the administrative headquarters of both the Jhansi district and the Jhansi division. The city of Jhansi was earlier a walled town known by the name of Balwantnagar. It was ruled by the Marathas for a long time and Rani Lakshmi Bai was the celebrated empress of Jhansi who brought the region into the limelight. The city is known for its offerings to tourism - the historical Jhansi Fort attracts a lot of visitors apart from the Government Museum of Jhansi, the Rani Mahal, and several other temples. The city is well connected to all the major neighboring cities through railway and road. Apart from some prestigious colleges and universities like Bundelkhand University, Rani Lakshmi Bai Central Agricultural University, Government Polytechnic Jhansi, etc., Jhansi also has two well-acclaimed research institutes - Indian Grassland & Fodder Research Institute and Central Agro-Forestry Research Institute.
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.