UBI celebrates its 103th foundation day, donates generator to University

K M Dayashankar


UBI officials plant saplings on university premises


KARIMNAGAR: As part of the Corporate Social Responsibility (CSR) programme, the Union Bank of India (UBI) Vavilalapalli branch in Karimnagar district has donated a generator set to the Satavahana University on the outskirts of Karimnagar town on Thursday.

On the occasion of the bank 103th foundation, the UBI bank authorities lead by DGM Mr Arun Kumar, AGM Vamshikrishna, Chief Manager Srinivas Rao, Vavilalapalli branch manager Santosh and others visited the Satavahana University and handed over the generator set. Later, they also planted saplings to mark the bank 103th foundation day on the university premises. Vice Chancellor S Mallesham, registrar Varaprasad and others were also present.

Speaking on the occasion, the UBI regional head Mr Arun Kumar said that the Karimnagar region spread over six districts was having 94 branches and three FI cells. He said that they had recently launched the Forex services in Karimnagar town for the benefit of local businessmen.

Stating that the bank was serving the rural people and implementing all the government sponsored programmes, he said that the Karimnagar region business stood at Rs 12,400 crore. He also explained about the innovative ‘U’ mobile banking and ‘U’ virtual connect (whatsapp banking) and added that they were adopting various technical products to bring the bank to the door step of the customers.

The UBI was established on November 11, 1919 with headquarters in Mumbai and promoted by Sitaram Poddar. The bank head office was inaugurated by Father of India Mahatma Gandhi in 1921.

Leave a Reply

Your email address will not be published. Required fields are marked *