Kottayam is a prosperous city in the Indian state of Kerala. The city functions as the administrative capital and headquarter of the Kottayam district. Kottayam was previously known as ?Cottayam? and ?Cotym? during the British rule. Kottayam is situated on the banks of the Meenachil River. Kottayam is known to be is one of the main centers of literature; it is hence known as the Akshara Nagari or the Land of Letters. Many Malayalam daily newspapers such as Deepika, Malayala Manorama and Mangalam had started in Kottayam and are headquartered in the city. Kottayam houses the headquarters of The Malankara Orthodox Syrian Church. Various missionaries and the Christian churches established many educational institutions in and around the city during the British period. This city is often referred to as Chuvarchithra Nagari or the City of Murals. Domestic tourism has incredibly increased in Kottayam for its beautiful lakes and scenic hilly locations. Kottayam is a major producer or later and a trading center of natural rubber in India. It is the greatest contributor to the citys economy. The cultivation and trade of spices also boost the economy of Kottayam considerably. Kottayam experiences a moderate and pleasant climate with seasonal high levels of humidity.
The Union Bank of India was established on 11th November 1919 in Mumbai. In the year 1921, and inaugurated by Mahatma Gandhi, the father of the nation during that period. The Bank has network of more than 4200 branches across the country. The core values of bank are reflected in the fact that the bank has shown an exponential profit growth in last 96 years of its working. The bank has been playing a very proactive role in growing the economy of India. It provides credit to different sectors of the economy such as Industries, exports, trading, agriculture, infrastructure in order to meet their requirements for operating business in those sectors. Along with that, there are some individual sectors to which the bank has given credit to spur economic growth and earn from a well-diversified portfolio of assets. The resources of the bank are mobilized through Current, Savings accounts, and through refinance and borrowings from abroad. The Union Bank consists of large clientele of over 5.7 crores. The Union Bank is an early adopter of technology due to which 100% of its branches are computerized. Shri Rajkiran Rai G. is the current Managing Director and CEO of the bank.