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Vijaya Bank

Type Public BSE: 532401
Founded 1931 at Mangalore, India.
Headquarters Bangalore, India
Key people Albert Tauro, Chairman & Managing Director
Industry Financial
Commercial banks
Employees 11,528 (2007-08)
Website www.vijayabank.com


History

Vijaya Bank, a medium sized bank with presence across India was founded on 23 October 1931 by the late Shri A.B.Shetty and other enterprising farmers in Mangalore, Karnataka 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 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 the 1963-68. The credit for this merger as well as growth goes to late Shri M.Sunder Ram Shetty, who was then the Chief Executive of the bank. The bank was nationalised on 15 April 1980.

Growth & Nationalisation

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

Branches

The bank has built a network of 1065 branches,45 Extension Counters and 352 ATMs as at 03.01.2009, that span all 28 states and 4 union territories in the country.

Thrust on Information Technology

The Bank has chosen Finacle from Infosys as centralised banking solution. In line with the prevailing trends, the bank has been giving greater thrust towards technological upgradation of its operations.The bank has network of 1101 branches, 43 Extension Counters and 364 ATMs. [ As at 31.03.2009]


All 1101 branches,37 extension counters, 12 service branches are functioning on CBS platform, and at 703 centers, covering 100 % of Bank's business.


Realising your constantly evolving and diverse needs, the bank has diversified too. Entering several new areas such as credit card, merchant banking, hire purchase and leasing, and electronic remittance services.

1031 - Branches /offices are under RTGS and 1030 - Branches / offices are under NEFT

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

The driving force behind Vijaya Bank's every initiative has been its 12107 strong dedicated workforce.

See also

http://www.vijayabank.com Official site

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