Vijaya bank has a rich history that places it above the rest in Indian banking circles. The banks were established in October 23rd 1931 by well successful farmers and Mr. Shri A.B. Shetty who is now passed on.
The banks has grown relatively fast since 1958 to an enterprising market force across India maintaining the initial or traditional core factors of its establishment e.g.
the promotion of banking sector and habits, uplifting the saving power of farmers and their thrifts not to mention. By the year 1963-68, some smaller banks were merged with it making it a national bank exactly on 15 April 1980.
Its growth is what perplexes most people because its merging was a big step to its nationalization. Vijaya bank has grown to establish a web of bank branches of about 1065 all with counters of extension numbering to 45 and over 352 ATM points in four unions and 28 states in the whole of the republic.
Since its inception, the bank has broadened its portfolios and now offers such services areas as;
- Credit cards
- Services of Forex nature
- Merchant banking
- Remittances of electronic nature
The depository scheme of the bank is another place of great likeness. Its schemes are many and are purposed to provide an affordable depository and flexible point in the banking sector and they include;
- Term deposits
- Saving bank services
- The V platinum saving bank account
- Vijaya Saraj savings
- Vstar savings scheme and flamboyant
- Current account.
Vijaya bank also provides a collection wing for remittance which is a fully committed section and it’s known to provide such services as;
- Inland remittance facility
- Forex remittances
- Electronic remittance options
- Inward and outward collection instruments.
Vijaya bank has offers both internal or domestic services and the premier NRIs which have satisfied the needs of its ever growing customer base. Services under NRI which is a premier body in the region include RFC, NRE, and non complex account for residents and FCNR(B). Housing loans are substantially provided within the bank with huge loans being available to cover securities, and shares plus the Vijaya NRI clients or customers.
Off late, the bank has networked its 747 branches with RTGS schemes and membership to MasterCard International has made it one of the fast developing banking sector in India. With a whooping 11528 employee base, the bank is headed to the sky. Just watch and see how things unfold.