VIJAYA BANK
Vijaya Bank
was established on 23rd October 1931 by Mr. A.B.Shetty and other enterprising
farmers in Mangalore, Karnataka. The objective behind establishment of the bank
was essentially to promote a banking habit, thrift, and enterpreneurship among
the farming community of Dakshina Kannada district in Karnataka. The bank
became a scheduled bank in 1958.
During
1963-68, nine smaller banks merged with Vijaya Bank and the bank steadily grew
into a large all-India bank. The bank was nationalized on April 15, 1980 and
today the bank has a network of 913 branches that span all 28 states and 3
union territories.
Vijaya Bank has been constantly focusing on technological upgrades. All of the
913 branches have been computerised, covering 97% of the bank's total business.
The bank
has diversified by entering into several new areas, 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.