Vijaya Bank
 |
|
| Public : | |
| Industry |
Financial Commercial banks |
| Founded | 1931 at Mangaluru, India. |
| Founder | Sri Attavara Balakrishna Shetty |
| Headquarters | Bengaluru, India |
|
Key people
|
Shri. Kishore Kumar Sansi, MD & CEO |
| Owner | Government of India |
|
Number of employees
|
14,544 (2015-16) |
| Website | www.vijayabank.com |
Vijaya Bank is a fastest growing public sector bank with its corporate office in Bangalore, Karnataka, India. It is one of the nationalised banks in India. The bank offers a wide range of financial products and services to the customers through its various delivery channels. The bank has a network of 1900 branches (August 2016) throughout the country and over 3500 customer touch points including 1651 ATMs.[1]
Vijaya Bank was established by a group of farmers led by Shri. Attavar Balakrishna Shetty on 23 October 1931 in Mangalore in Dakshina Kannada District of Karnataka State. Since it was established on the auspicious Vijayadashami Day, it was named 'Vijaya Bank'.
The birth of Vijaya Bank in 1931 was preceded by the economic chaos created out of the Great Depression of 1927–30. The worldwide economic depression had severe impact on the Indian economy and the financial system. Moved by the pitiable conditions of the agriculturists, Shri Attavara Balakrishna Shetty was determined to devise some institutional remedy to annihilate their sufferings. Shri AB shetty approached leading Bunt personalities to start a bank with the objective of extending credit facilities at a lower rate of interest to enable the farmers to cultivate their lands and prevent them from falling into the clutches of money lenders. Accordingly, Shri AB Shetty involved 14 Bunts and established Vijaya Bank on 23 October 1931. In the beginning the bank had an authorised capital of Rs. 5 lakh and an issued capital of Rs. 2 lakh. The paid up capital was Rs. 8670.
The bank grew steadily since its inception. The bank became a scheduled bank in 1958. After having buffeted the storms of the Great Depression, surviving the 1960s, when small banks were merged with other banks as per RBI directive, Vijaya Bank emerged stronger and began its journey of success. Under the chairmanship of [Shri. Mulki Sunder Ram Shetty]], Vijaya Bank steadily grew into a large All India Bank with 9 smaller banks merging with it during 1963–1968. In 1965, the bank registered its own logo. The bank's head office was shifted to Bengaluru on November 11, 1969. The bank was nationalised on 15 April 1980. At the time of nationalization, the bank had 571 branches, with a total business of Rs. 605.95 crore and a staff strength of 9059.
...
Wikipedia