PUBLIC SECTOR BANKS IN INDIA – VIJAYA BANK
PUBLIC SECTOR BANKS OF INDIA – VIJAYA BANK
Vijaya Bank is a Public Sector, medium sized bank with presence across India and was founded on 23 Oct, 1931 by A.B. Shetty and other enterprising farmers in Mangalore City, Karnataka State in India. The objective of the founders was essentially to promote banking habits, thrift and entrepreneurship among the farming community of Dakshina Kannada district in Karnataka State. The Vijaya bank became a scheduled bank in 1958.
In line with the prevailing trends, the bank has been giving greater thrust towards technological upgrading of its operations. The bank has network of 1200 branches, and 49 Extension Counters and 551 ATMs. All branches are functioning on the CBS platform covering 100% of Bank’s business. Vijaya Bank grew steadily by merging nine smaller banks into it between 1963-68. Mulki Sunder Ram Shetty, who was then the Chief Executive of the bank is largely credited with these mergers.