Vijaya Bank was a Bangalore-based public sector bank founded on 1931. The nationalised bank operated through a network of 2031 branches across India and 2001 ATMs. It had over 4000 pan-India customer touchpoints.
The government of India proposed the merger of Vijaya Bank on 17 September 2018 with the Bank of Baroda. The merger was approved on 2 January 2019 by the boards and union cabinet.
Listing and Revenue
|Operating Income||₹3,098 crore|
|Net Income||₹7,27 crore|
|Total Assets||₹1,77,632 crore|
Products and Services
Vijaya Bank offered robust personal and commercial banking solutions including FD, education loan, fixed deposit, credit card, debit card, personal loan, auto loan, business loan, savings account, home loan, and more.
Vijaya Bank was established on 23 October 1931 by a small group farmers. The group was led by A.B. Shetty in Mangalore in Dakshina Kannada District of Karnataka State. The bank was launched on the auspicious occasion of Vijayadashami Day, and derived its name from the same.
The bank started its operation with an authorized capital of Rs 5 lakh and issued capital of Rs 2 lakh. It had a paid up capital of just Rs 8670.
Awards and Recognition
Vijaya Bank won nine Skoch Awards in 2017 in several categories including Best Bank for NPA Management – Organization Category; Best Bank in Public Sector; IT Security; e-Surveillance of ATMs and branches; and more.