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Take loan from Vijaya Bank and feel free


Vijaya bank is National Scheduled Commercial Bank. The bank was established in 1931 by Late Shri A.B. Shetty, along with other enterprising farmers in Mangalore, Karnatka, founded the bank to inculcate banking habits in the farming community of Dakshina Kannada district in Karnataka State. From 1963-68, the vijaya bank grew both in terms of size and stature nine small banks had added with it, thus contributing to its growth and advancement. Nationalized on 15th April 1980 under the banking companies act, 1980 and nationalized banks (Management and miscellaneous provisions) schemes 1980. It is also governed by the banking regulation act, 1949 and is engaged in various business as fully defined under section 6 of the said act. Presently the Govt. of India’s share in the bank’s equity works out to 53.87 percent. The bank is managed by a duly constituted board of Directors.


The present strength of board of directors of the bank is 12, comprising of 2 executive and 10 non-executive directors having expertise in various fields. Vijaya bank boasts of being one of the few banks which has undertaken the principal membership of VISA International and masterCard International. Vijaya bank has been constantly focusing on technological upgradation. As on Oct 2005, all the 913 branches have been compurised, covering 97 percent of the bank’s total business.


Till March 2009, Vijaya bank had a network of 1101 branches, forty three extension counters and three hundred sixty four automated teller machine, spanning across all 28 states and 4 union territories in the country, with the highest number of branches in its home state, Karnataka. Now lets us talk about its product and services.


It has deposit Deposit Schemes as saving bank, V Platinum Savings Bank Account, Vijaya Saral Savings, Current Account and Term deposit. These days most of the borrowers still feel that the interest rates are on the higher side and with the recent hike in floating interest rates throwing budgets of middle class household out of gear, not many are interested in taking new loans. High interest rates has particularly affected the auto loan market, though the car loan segment has performed somewhat better, two wheeler loan off-take has declined sharply.


Government Bank in India

  1. Allahabad Bank
  2. Andhra Bank
  3. Bank of Baroda
  4. Bank of India
  5. Bank of Maharashtra
  6. Canara Bank
  7. Central Bank of India
  8. Corporation Bank
  9. Dena Bank
  10. Indian Bank
  11. Indian Overseas Bank
  12. Oriental Bank of Commerce
  13. Punjab and Sind Bank
  14. Punjab National Bank
  15. Syndicate Bank
  16. UCO Bank
  17. Union Bank of India
  18. United Bank of India
  19. Vijaya Bank