Ranchi is the capital city of Jharkhand. This Indian city was made the the state capital when Jharkhand state was formed in 2000. Ranchi is one among the hundred cities selected to be developed as smart cities. Jharkhand has a large base for mining and industrial ores, and thus Ranchi gets a premier status in its trade and export. Since it is the capital city of the state, Ranchi has the civic administration which employs a host of the citys residents. The lush green forests cover the region which hosts numerous waterfalls - Hudru, Jonha, Dassam, Hirni, Panchghagh are few to name. Thus Ranchi is often called the "city of waterfalls." The city is rich in mineral resources which drive the economy of the city. The major industrial sectors that dot its landscape include mining, engineering, furniture, paper, rayon, etc. which are further developed by public and private sector industries such as Central Coalfields, Heavy Engineering Corporation, SAIL, Marine Diesel Engine Project, etc. The educational hub in the city is led by institutions like the Ranchi University, IIM, NIFFT, XISS, etc. For a tourist or visitor, Ranchi offers a plethora of attractions which include its famous waterfalls as well as places like Gonda hills rock garden, Jaggannathpur temple, Nakshatra Van, 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.