Ghaziabad is a well-known city which is often called the “Gateway of Uttar Pradesh” due to its proximity to the capital city of India, New Delhi. Ghaziabad is a part of the National Capital Region and is inhabited by more than 2 million people. Wazir Ghazi-ud-din founded Ghaziabad in 1740. He named it ‘Ghaziuddinnagar’ after himself. The Mughal royal family would visit Ghaziabad for picnics, especially in the areas near the Hindon river. The Hindon river clearly divides the city into two parts – the Cis-Hindon on the east bank and the Trans-Hindon on the west. Ghaziabad is a huge and planned industrial city and it is the main educational, commercial and industrial center of Western Uttar Pradesh. Ghaziabad witnessed a gigantic industrial growth soon after independence. Steel manufacturing units were the first to be set up in the area, followed by electronic industries. Many major industrial houses quickly followed in setting up their units in and around Ghaziabad. A rapidly developing city, plenty of new job opportunities have recently opened up in Ghaziabad owing to its recent corporate boost. Many new commercial and residential projects are being set up in the city, gradually turning Ghaziabad into a real estate hub.
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.