What is vijaya bank?

Vijaya Bank was an Indian public sector bank with its headquarters in Bangalore, Karnataka. It was founded in 1931 by A.B. Shetty and other like-minded individuals. The bank focused on serving the financial needs of the local communities and businesses in the Karnataka region initially. Over the years, it expanded its network across India.

  • History: Vijaya Bank had a long history rooted in the pre-independence era, evolving from a small banking institution to a nationalized bank.
  • Merger: In 2019, Vijaya Bank was merged with Bank of Baroda, along with Dena Bank. This merger was aimed at creating a stronger and more competitive banking entity. The amalgamation resulted in the discontinuation of Vijaya Bank as a separate entity.
  • Services: Prior to its merger, Vijaya Bank offered a range of banking services, including deposit accounts, loans, credit cards, and online banking facilities.
  • Branches: At the time of its merger, Vijaya Bank had a significant network of branches across India, primarily concentrated in the southern states.
  • Headquarters: The headquarters was located in Bangalore.