The city of Sikar is located in between Agra and Bikaner in the Indian state of Rajasthan. It functions as the administrative headquarter of the Sikar District. It is known to be a historical city which contains many ancient architectural grandeur. The city is renowned for its art and culture. It had been the biggest Thikana or estate of the Jaipur state and was earlier was known by the name of Nehrawati. The historical city is surrounded by fortified walls that contain seven ?Pols? or gates. The primitive name of this city was ?Beer BhanKa Bass." The city experiences a semi-arid climate and hosts around 2.4 lakh residents. The city of Sikar is divided into 45 wards in order to ensure effective governance. The city is strongly connected to the rest of the country via roads and railway. Agriculture and animal husbandry are the main occupations in Sikar but the city has scope for industrial development in the future.
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.