|Type||Public BSE: 532401|
|Founded||1931 at Mangalore, India.|
|Key people||Shri.v kannan, Chairman & Managing Director|
Vijaya Bank, was established by Shri. Attavar Balakrishna Shetty at Bunts Hostel in Mangalore on October 23, 1931. Since it was established on Vijayadashami Day, it was named ‘Vijaya Bank. 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.
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 12,500 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 bank has built a network of 1520 branches, 48 Extension Counters and 1528 ATM's, 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.