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Shri. The goal was to promote the habit of banking.Singh. P. Vijaya Bank became nationalized. Shetty along with few other enterprising farmers from Mangalore in the state of Karnataka. B.08. Shri. the then Chief Executive of Vijaya Bank. It became a scheduled bank of India in 1958. M. A. It also has a dedicated workforce of 11. Vijaya Bank is also one of the very few banks in India that has principal VISA International and MasterCard International membership. 43 Extension Counters and more than 375 ATMs across the nation. played an instrumental role in the amalgamation.INTRODUCTION Vijaya Bank is one of the medium sized banks in India with substantial presence in most parts of the country. Sunder Ram Shetty. 5.B. 2. Mr. Govt. who bring with them a considerable amount of expertise and experience in the banking industry The Growth Since its inception. 4. who established Vijaya Bank on October 23. Executive Director Shri. living up to the ideals of the visionaries of the bank. A. . It's Mr.2010) Currently. Currently.02. Today. Nominee Director. Panse. the management includes dedicated professionals. the Bank's board of directors consists of : 1. Albert Tauro. Vijaya Bank went through a steady growth and became a large All India bank. RBI Nominee Director. Suma Varma. MANAGEMENT Directors (Position . this Indian bank has an extensive network of 1. From 1963 to 1968. nine smaller banks merged with Vijaya Bank. S. savings and entrepreneurship among the farmers in Dakshina Kannada district of the state.746 employees. Workmen Director. Smt.124 branches. Shantharam Shetty. On April 1980. G. 3. 1931. Chairman & Managing Director Smt.
R. K. Mumbai. Shri. Chandra. Shri. Shri. Non Official Director 11. Veera Brahmaji Rao K : Regional Office. Shri. Raviraj Hegde K Shri. Shri. It also has services for the NRIs. Jayakar Shetty. Devadas. C. 7. 2010) 1. S. J. M. 4. Ibrahim. 9.Gurumurthy Sri. Shareholder Director. 8. Bangalore (North) SERVICES OFFERED BY VIJAYA BANK Vijaya Bank offers a range of financial products and services to its customers. N. Shareholder Director 12. Chandramouli ( Chief Vigilance Officer ) Sri. K. 5. Ashok Kumar. 2. Shri. Ranjan Shetty. Following are the products and services offered by Vijaya Bank to its customers: y y y y y y y Deposits Loans & Advances NRI Services Remittance / Collection Credit Cards Forex Other Services . Sridhar Cherukuri. Shareholder Director. Shri. K. B. Shashidhar Rao 2. 3. Shri. Pandiyan. Shri. Ananthan. Smt. 9. Nishank Kumar Jain. : Regional Office. V. Non Official Director General Managers General Managers at the Head office 13. Shri. Shantharam Kamath. 07. Shri . Shri. Delhi : Regional Office. Non Official Director 10. Officer-employee Director 7.6. 8. Shri. Prakashchandra Shetty. Shri. (Position as on General Manager at Regional Office 1. Shri.B. 6. Ashok Kumar Shetty. Mohandas Shetty.
Deposits Vijaya Bank offers following deposit facilities: y y y y y y y y y Savings Bank V Payroll SB a/c V Genuth SB a/c V Balika SB a/c V Platinum Savings Bank Vijaya Saral Current Account VStar Savings Term Deposits o Recurring Deposits o VCash o Vijayashree Units o Fixed o V Balika Deposit o Jeevan Nidhi o Capital Gains Accounts o Vijaya Tax Savings Scheme Loans & Advances Vijaya Bank offers a wide array of loans and advances to its customers. Those can be listed as below: y Retail Lending Schemes o Vijaya Home Loan o V Niwas o V Mortgage Loan o V Wheels o V Equip o V Rent o V Cash o V Rakshak o V Shikshak o V Swashakti o V Professional o V Solar o V IPO o Trade Finance o Education Loan o Jewel Loans o Vijaya Gold Cash Credit o Loans to Transport Operators .
MSME and Others Government Sponsored Schemes o Prime Minister's Rozgar Yojana o Swarna Jayanti Gram Swarozgar Yojana o Scheme for Liberation and Rehabilitation of Scavangers o Golden Jubilee Rural Housing Scheme o Differential Rate of Interest Scheme Special Schemes for Women Facilities to Minority Communities o NRI Services Vijaya Bank offers following services for the NRIs: y y y Deposits o NRE o FCNR o Ordinary Non Resident A/c o Resident Foreign Currency o Deposit A/c (RFC) Loans o Housing Loan o Loans Against Shares. Following are those: y Domestic Cards o VISA Classic Credit Card o MasterCard Classic Credit Card o Vijaya Platinum Card o VISA Gold Credit Card? .y y y y y y V Reverse Mortgage Loans Against Non Fund Based Advances to Agriculture. Securities Remittances Remittance / Collection Following services are offered by Vijaya Bank under this category: y y y y FOREX Remittances Inland Remittances Electronic Remittances Services Inward / Outward Collection Instruments Cards Vijaya Bank offers various types of cards to its customers.
1 The powers and duties of officers and b employees (ii) The officers of the Bank have been delegated with powers to discharge their functions to carry on the business of the Bank as defined under Section 6 of the Banking Regulation Act. To receive and pay deposits on terms and conditions to be determined from time to time by the Board of Directors of the Bank and to issue and sign receipts and Pass Books with regard to such Deposits thus received and paid and also to pay interest on Fixed and other Deposits in accordance with the rates fixed and determined by the Board of Directors of the Bank from time to time or specially in any case. to operate upon and close Accounts on behalf and in the name of the Bank with Banks.y y Global Cards o MasterCard Global Credit Card o Visa Classic International Card o VISA City Specific Card o VISA Doctor's Card o VISA Nurse's Card Debit Cards o VISA Debit Card Other Services Vijaya Bank also offers a few more services to its customers which can be listed as below: y y y y y Merchant Banking Vijaya Raksha Service Charges Pension Payments Mobile Banking 4. To open. 2. Bankers and others in and outside India and to . 1949. Some of the powers are as follows : 1. To receive and sign and give effectual receipts and discharges for all and any moneys which shall come into his/her hands. 3.
To do generally every thing requisite for all or any of the aforesaid purposes and also for other general Banking Business usually done by Joint Stock and other Banks. The Bank functions under the overall supervision and control of Board of Directors of the Bank to formulate the policies pertaining to the Bank¶s functioning. Officers. officers in various scales are delegated with powers depending on the hierarchy and the placement. . Any officer deviating from the laid down policies of the Bank is liable to be penalised under the Vijaya Bank Officer Employees (Conduct) Regulations. Generally to sign. the Head Office is also issuing circular instructions from time to time conveying the changes in policies of the Bank for implementation by its officers. Receipts and discharges or other instruments in such manner as to him/her may appear requisite or advisable and periodically to examine. state. 2. 41 b (iii) The procedures followed in decision making process. including channels of supervision and accountability Item No. do and perform such instruments. All employees of the Bank in discharging their functions have to follow the Book of Instructions which covers the entire gamut of banking transactions. take decision on the merits. Apart from this. sign and issue cheques. 1981 Details 1. execute. after due processing of the relevant subject matter/ papers. indemnity bonds. Provision There is a well defined system in the Bank regarding the decision making process. 1981 and Vijaya Bank Officer Employees (Discipline & Appeal) Regulations. settle and adjust accounts pending between the Bank and any person or persons whatsoever. For implementation of such policies. guarantees/ guarantee letters and other documents and all acts and things as may be requisite or necessary. Wherever other functions are involved.overdraw on such Account or Accounts and for all such purposes to draw. they are governed by Manual of Instructions pertaining to each department.
Board Meetings and Bank or under its control.41 b (iii) The procedures followed in decision making process. instructions.1 b (vi) A statement of the categories of These are mainly register of shareholders/record of documents that are held by the the proceedings of the AGMs. All employees of the Bank in discharging their functions have to follow the Book of Instructions which covers the entire gamut of banking transactions. contracts with third parties.1 b (v) The rules. various committee meetings. These documents are all private . the Head Office is also issuing circular instructions from time to time conveying the changes in policies of the Bank for implementation by its officers. regulations. officers in various scales are delegated with powers depending on the hierarchy and the placement. For implementation of such policies. Officers. 1981 4. including channels of supervision and accountability There is a well defined system in the Bank regarding the decision making process. Apart from this. after due processing of the relevant subject matter/ papers. take decision on the merits. These are all meant only for internal circulation. The Bank has brought out a large number of µManuals of Instructions¶ Codified Circulars. Any officer deviating from the laid down policies of the Bank is liable to be penalised under the Vijaya Bank Officer Employees (Conduct) Regulations. manuals and records held by the Bank or under its control or used by its employees for discharging its functions. they are governed by Manual of Instructions pertaining to each department. 4. besides the periodical Circulars/Circular letters. Wherever other functions are involved. These are being used by the employees while discharging various functions. Guidelines on Documentation. Scheme for Delegation of Powers. The Bank functions under the overall supervision and control of Board of Directors of the Bank to formulate the policies pertaining to the Bank¶s functioning. 1981 and Vijaya Bank Officer Employees (Discipline & Appeal) Regulations. documents executed by customers/borrowers/ guarantors. etc.
The decisions of the Committee are placed before the Board of Directors of the Bank if any policy changes are involved 4. Special Committee to review . The Bank has constituted various Committees and other bodies consisting of committees of the Board:two or more persons constituted as its part or for the purpose of its advice. The Bank has set up a Customer Service Committee at the level of the Board comprising the following members : 1. 4. Sri T. Provision information and can not be shared with the public. the bank¶s shareholders can raise that exists for consultation with or issues concerning policies in the Annual representation by the members of the General Meetings.1 b (vii) The particulars of any arrangement Presently.1 b (viii) A statement of the Boards. and as to 1. Audit Committee of the Board accessible for public 3. Directors promotion Committee 4. Further. Board committees and other bodies are open to the public or the minutes of such meetings are 2. Chairman & Managing Director Chairman of the committee 2. the Bank¶s public in relation to the formulation quarterly results/annual results/reports are of its policy or implementation published for the information of public. as well thereof as shareholders which would give an idea about the policies of the Bank and implementation thereof. RBI Nominee Director Member 4. Non Official Director Member 5. councils. Executive Director Member 3. Member (representing the customers) One member is representing the customers of the Bank. Rudrappa.Item No. Risk Management Committee 5. Councils. Details All the branches of the Bank have been computerized and data is held in electronic form which may be provided to the concerned customers or the various authorities as provided in various Statues. Management Committee of the whether meetings of those boards.
5. Committee to Settle Election Disputes 12. investments. Remuneration Committee 10.fraud cases of Rs. The committee exercises such powers as may be delegated to it by the Board with the approval of Central Government and concurrence of RBI Audit Committee of Board (ACB) The ACB provides direction as also overseas the operation of the total audit function in the Bank. Share Transfer Committee 8. 2. The Audit Committee of the Board comprises of 5 Directors. 4. Customer Service Committee 9. with Non-Executive Independent Director with financial knowledge as the Chairman of the Committee. sanction of capital and revenue expenditure. Compromise/write off. Committee to consider appeals preferred by employees against final orders issued by CMD as DA. Inter branch adjustment a/cs Unreconciled long standing entries in Inter Branch accounts & NOSTRO accounts Arrears in balancing of books at various branches frauds major areas of house keeping. 3. Nomination Committee 11. etc. Comprising the organisation and quality control of internal audit and inspection within the Bank and follow up the statutory/external audit of the Bank and inspections of RBI.1. The Management Committee of the Board has been constituted to consider various business matters of material significance like sanction of limits whether fund based or non fund based twice the limits enjoyed by the Chairman & Managing Director. Share Holders & Investors Grievances Committee 7. donations. . premises. The committee specially focuses on the follow up on 1.00crore & above 6.
Member The functions of Audit Committee includes the following:y y y y Overseeing the Bank¶s financial reporting process and ensuring correct. 2. Sri.Audit Committee Board The committee consists of the following Directors :1. a committee of the Board to monitor large value frauds has been constituted in terms of the guidelines of RBI.Member One Non-Official Director . Three Directors [ Non-Official / Shareholder Directors ] Customer Service Committee Pursuant to directives of RBI. Committee to Review Fraud Cases With a view to provide focused attention on monitoring of frauds involving amounts of Rs. 4. Reviewing with the Management. Nominee Director . 5.1 crore and above. Reviews the findings of investigation by the internal auditors in the matters where fraud is suspected or irregularity or failure of internal control system is observed and suggests strengthening of control mechanism. Executive Director 3. Looking into the reasons for substantial defaults in the payments to the depositors.Member Govt. shareholders. Ananthan . focusing on the changes in accounting policies and practices and qualifications in the draft Audit Report. Customer Service Committee has been constituted with the following directors as members:- . compliance with stock Exchange guidelines and legal requirements concerning financial institutions. S.Member RBI Nominee Director . Executive Director .Chairman of the committee. debenture holders and creditors. Financial statements with special emphasis on accounting policies and practices. The committee consists of the following Directors :1. compliance of accounting standards and other legal requirements concerning financial statements. related party transaction. 3. Chairman & Managing Director 2. qualifications in the audit report. Interacts with Statutory Central Auditors before the finalization of the annual/half yearly and quarterly accounts and reports. etc. adequate and credible disclosure of financial information. if any.
Member one Non-Official Director. . Chairman & Managing Director. . . 2. 4. 3.Member .Member RBI Nominee Director. Chairman of the committee.1. Executive Director.