Vijaya Bankis a public sector bank with its corporate office in Bangalore, Karnataka, India. It is one of the nationalised banks
in India. The bank offers a wide range of financial products and
services to customers through its various delivery channels. The bank
has a network of 2031 branches (as of March 2017) throughout the country
and over 4000 customer touch points including 2001 ATMs.
Vijaya Bank was established by a group of farmers led by A. B. Shetty on 23 October 1931 in Mangaluru in Dakshina Kannada District of Karnataka State. Since it was established on the auspicious Vijayadashami Day, it was named 'Vijaya Bank'.
During the economic chaos created out of the Great Depression of 1927–30, Shetty approached leading Bunt
personalities to start a bank with the objective of extending credit
facilities at a lower rate of interest to enable the farmers to
cultivate their lands and prevent them from falling into the clutches of
money lenders. Accordingly, Shetty involved 14 Bunts and established
Vijaya Bank on 23 October 1931. In the beginning the bank had an
authorised capital of ₹5 lakh and an issued capital of ₹2 lakh. The paid up capital was ₹8,670.
