Kota is a south-eastern city in the Indian state of Rajasthan. It lies on the banks of River Chambal. It is the 3rd most populous city in Rajasthan and also the administrative headquarters of Kota district divided into 60 wards. This city is also known as the Education City of India as it is a major coaching hub for competitive examination preparations offered by plentiful engineering and medical coaching institutes located in the city. The city also hosts mainstream educational institutions and universities. The Rajasthan Technical University, University of Kota, Vardhaman Mahaveer Open University, Indian Institute of Information Technology Kota and University Engineering College further justify its name as the Education City of India. Kota is often referred to as the Industrial city of Rajasthan. Its main economic source is manufacturing industries like chemical, cotton and oilseed milling, textile weaving, engineering, distilling and dairy. Kota is known for its metal handicrafts. Crops like cotton, millet, wheat, coriander and oilseeds are cultivated in and around the city. Kota also has some amazing places to visit. The Chambal Garden, Kota Zoological Park, Seven Wonders Park, Chatra Vilas Garden, Kishore Sagar Lake, Agamgarh Gurudwara Sahib, Jag Mandir, Godavari Dham Temple, Rangbari Balaji Temple, Garadia Mahadev Temple, etc. are frequented by the natives as well as tourists.
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.