Vijaya Bank

Vijaya Bank
Public BSE: 532401
Industry Financial
Commercial banks
Founded 1931 at Mangalore, India.
Headquarters Bangalore, India
Key people
 Shri.Kishore Kumar Sansi, MD & CEO
Number of employees
 13,700 (2014-15)
Website www.vijayabank.com
Attavar Balakrishna Shetty,Founder Chairman of Vijaya Bank

Vijaya Bank is a medium-sized Public Sector Bank with presence across India. It is one of the nationalised banks in India.

History

Vijaya Bank, was established by Shri. Attavar Balakrishna Shetty at Bunts Hostel in Mangalore on October 23, 1931.[1] Since it was established on Vijayadashami Day, it was named ‘Vijaya Bank.[2] The objective was to promote banking habits, thrift and entrepreneurship among the farming community of Dakshina Kannada district in Karnataka State. The bank became a scheduled bank in 1958. Vijaya Bank steadily grew into a large All India bank, with nine smaller banks merging with it during 1963-68. The bank was nationalised on April 15, 1980.

GM visiting the Vijaya Bank stall arranged by SS Mutt Branch during Siddaganga Mutt Mela

Growth & Nationalisation

Vijaya Bank grew steadily by merging nine smaller banks into it between 1963-68. Shri. Mulki Sunder Ram Shetty, who was the then Chief Executive of the bank is largely credited with these mergers. The bank was nationalised on April 15, 1980.

Currently, Vijaya Bank employs 13,700 people. The Bank has recently recruited young workforce to cope up with the changing banking scenario & to compete with the growing private sector & foreign banks functioning in the country.

The August 2011 batch of freshly recruited MBA candidates at Vijaya Bank, Staff Training College, Bangalore

Branches

The bank has built a network of 1574 branches, 42 Extension Counters and 1560 ATM's as of 31-DEC-2014, that span all 28 states and 4 union territories in the country.

All branches are functioning on the CBS(Core Banking Solution) platform, covering 100% of the Bank's business.

Focus on Information Technology

The Bank has chosen Finacle from Infosys as its Centralized Banking Solution (CBS) with the IT Department being handled by Wipro. In line with prevailing trends, the bank has been focussing on technological upgrades to operations.

It now offers services such as credit cards, merchant banking, hire purchase and leasing, and electronic remittance services.

Vijaya Bank is one among the few banks in the country to take up principal membership of VISA International and MasterCard International.

See also

References

  1. ↑ "A banker erased from memory". Deccan Herald. Retrieved 27 February 2012.
  2. ↑ Vijaya Bank - Inception

External links