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Introduction Vijaya Bank is a Nationalized Scheduled Commercial Bank. The Bank is celebrating its Platinum jubilee during the current financial year as it was established in 1931. The Bank was nationalised on 15.04.1980 under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1980 and Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1980. The Bank is also governed by the Banking Regulation Act, 1949 and is engaged in various businesses as fully defined under Section 6 of the said Act. Presently the Govt. of Indias share in the Banks equity works out to 53.87%. 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.

Organizational structure of Regional Offices(branches) The Bank has set up 20 Regional Offices to exercise immediate supervision and control over the branches under their jurisdiction. These Regional Offices report to different functional departments at the Head Office. The jurisdiction of different Regional Offices is indicated in table below:Sr.No. Region Jurisdiction No. of branches (as on 31.01.10) 1 Ahmedabad All branches in the State of Gujarath 47 2 3 4
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Bangalore North Bangalore South Chandigarh

Some branches of Bangalore Urban and Bangalore Rural District Some branches of Bangalore Urban ,Bangalore Rural District & Kolar District. Branches in the states of Punjab , Chandigarh

58 55 55

6 7

10 11 12 13

14 15 16

17 18
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, Jammu & Kashmir, Uttaranchal & Himachal Pradesh and some branches of Haryana and shahranpur. Chennai Branches in the State of Tamilnadu and the Union territories of Pondicherry & Andaman Nicobar Delhi Branches in Delhi , Rajasthan, & some branches in Uttar Pradesh and Haryana. Guwahati Branches in North Eastern States viz., Tripura, Mizoram , Assam , Arunachal Pradesh, Nagaland, Meghalaya, Manipur Hubli Branches in Gadag, Bijapur, Dharwad, Belgaum , Bidar, Gulbarga , Raichur, Bagalkot, Bellary , Hubli, & Koppal districts in Karnataka State and branches in Goa. Hyderabad Branches in Ananthapur, Cuddapah, Hyderabad , Secunderabad, Karimnagar, Khammam, Kurnool , Mahboobnagar, Nizamabad, Rangareddy & Warrangal districts of Andhra Pradesh Kochi Branches in Kerala except in Kasargod district Kolkata Branches in Chattisgarh, Jharkhand, West Bengal , Orissa, Bihar , Sikkim Lucknow Some branches in Uttar Pradesh and Nainital branch Mangalore Branches in Mangalore district of Karnataka State and branches in Kasargod district of Kerala State Mumbai Branches of Greater Mumbai & Thane Dist in Maharashtra State . Mysore Branches in Mysore,Mandya, districts of Karnataka State Shimoga Branches in districts of Shimoga, Haveri,Chitradurga, Davangere, of Karnataka State Udupi Branches in Udupi & Uttar Kannada districts of Karnataka State Vijayawada Branches in Chittoor, East Godawari , Guntur

77

75 25

70

59

69 62 62 71

62 59 36

69 43

19

Nagpur

20

Hassan

, Krishna , Nellore , Prakasam, Srikakulam, Vishakapatnam, Vizianagaram & West Godwawari districts of Andhra Pradesh State Branches located in the States of Maharashtra (other than branches located in Greater Mumbai and Thane District), Madhya Pradesh and Chattisgarh. Branches in districts of Hassan, Chickmagalur of Karnataka State

51

53

TOTAL 1158 branches

Vijaya Bank has the highest number of branches in its home state Karnataka. In line with the prevailing trends, the bank has been giving greater thrust towards technological upgradation of its operations. The bank has network of 1200 branches, 49 Extension Counters and 551 ATMs, 789 centers, covering 100 % of Bank's business.

Realizing your constantly evolving and diverse needs, the bank has diversified too. Entering several new areas such as credit card, merchant banking, hire purchase and leasing, and electronic remittance services.

Vijaya Bank offers a range of financial products and services to its customers. It also has services for the NRIs. Following are the products and services offered by Vijaya Bank to its customers:

Deposits Loans & Advances NRI Services Remittance / Collection Credit Cards

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Forex Other Services

Deposits Vijaya Bank offers following deposit facilities:

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:

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

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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 o V Reverse Mortgage Loans Against Non Fund Based Advances to Agriculture, 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

NRIServices Vijaya Bank offers following services for the NRIs:

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, Securities Remittances / Collection

Remittance

Following services are offered by Vijaya Bank under this category:

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FOREX Remittances Inland Remittances Electronic Remittances Services Inward / Outward Collection Instruments

Cards Vijaya Bank offers various types of cards to its customers. Following are those:

Domestic Cards o VISA Classic Credit Card o MasterCard Classic Credit Card o Vijaya Platinum Card o VISA Gold Credit Card? 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

OtherServices Vijaya Bank also offers a few more services to its customers which can be listed as below:

Merchant Banking Vijaya Raksha Service Charges Pension Payments Mobile Banking

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AMERICAN BANK Bank of America Corporation (NYSE: BAC) is an American multinational banking and financial services corporation, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average. As of 2010, Bank of America is the 5th largest company in the United States by total revenue, as well as the second largest non-oil company in the U.S. (after Walmart). In 2010, Forbes listed Bank of America as the 3rd "best" large company in the world. The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth manager and a major player in the investment banking industry. The company holds 12.2% of all U.S. deposits, as of August 2009, and is one of the Big Four banks in the United States, along with Citigroup, JPMorgan Chase and Wells Fargoits main competitors. According to its 2010 annual report, Bank of America operates "in all 50 states, the District of Columbia and more than 40 non-U.S. countries." It has a "retail banking footprint" that "covers approximately 80 percent of the U.S. population and in the U.S." it serves "approximately 57 million consumer and small business relationships" at "5,900 banking centers" and "18,000 ATMs." Bank of America corporate

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Bank of America History Bank of America History as well as present shows that it is the leading commercial bank not only in USA but it is also well known across the world. It was established as Bank of Italy in 1904 by Amadeo Peter Giannini and his son in San Francisco, California. Bank of America history shows that at the time of establishment it was for the small farmers who had come from Italy. Today Bank of America provides unparalleled comfort and serves almost 59 million consumers. Bofa has headquarter in Charlotte, North Carolina. It has about
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19,000 ATMs and 6,100 Retail Banking Offices. BofA also has branches in other parts of the world and its ATMs are working under the partnership with other banks. Bank of America Online Banking services are accessed by almost 24 million users. The stock of Bank of America (NYSE: BAC) is listed on the New York Stock Exchange. Bank of America History Acquisitions According to the Bank of America history, before 1998 it was known as NationsBank. But after the acquisition of San Francisco based BankAmerica, the corporation was renamed as Bank of America. With the passage of time many acquisitions and mergers have been done. US Trust, which is the wealth management subsidiary of Charles Schwab has also been bought by the Bank of America. This combination has made it the number one manager of private wealth. Today with all these historical mergers and acquisitions, BofA is also the member of the Federal Deposit Insurance Corporation. The following mergers and acquisitions took place before 1998 by BofA.

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Among the financial institutions, Bank of America is the largest in the world that serves individual consumer as well as large corporations. Wide variety of investing, banking, financial and risk management and asset management services are provided by the Bank of America. On the whole the bank provides the facility of Checking, Savings, Mortgages, Auto and Student Loans, Retirement Services, Online Banking, Insurance, Business Banking, Credit Cards, Investments, Global Corporate Credit, Capital Raising, Cash Management, Trade Services. Along with this, Bank of America services can be categorized in the following categories.

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Credit Cards Mortgage Auto Loans Personal Loans Insurance Investment Services Online Banking IRAs are the investment schemes that comes under retirement plans Home Equity Retirement

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of America GTC, Government Travel Cards are also very popular. GTC account once activated can also be operated online and to make payments through GTC customer can use BofA MyEasyPayment Website. Bank of America is always open to new and innovative thoughts and this can be seen in the history of the banking services it is providing. Even today Bank of America iphone for online banking has become very hot and with this it has entered into the hip and Hitech world of technology. Along with this all the information pertaining to your account statement and account can be downloaded in the form of quickbook from the website. Online Banking provides simple and easy access to your account. Also Bank of America Free checking services allow free online banking, access to different online programs such as Keep the change, free access to your account for cash at different ATM centers. Bank of America in India has branches in Bangalore, Mumbai, New Delhi, Calcutta and Chennai. In Latin American countries it is also known as BankBoston. The headquarters in US is in New York, for Asian countries the headquarters are divided between Singapore and Hong Kong and for European Countries Bank of America Headquarters are in London. Bank of America corporate buildings are there in many states of US that are known as that are known as Bank of America Tower, Building, Plaza, Corporate, corp etc. Along with financial division, BofA is also there in other sectors of society. In sports the role cannot be neglected. Bank of America Stadium, Charlotte, NC and Bank of America Pavilion are very popular. Annually BofA also hosts many gaming events that include Chicago Marathon, Sprint Cup Series etc. For the social cause and for its duty towards the society, Bank of America Charitable Foundation of this world class bank raise funds for different causes. For this donations can be made online, over the phone or mail by anyone. For more information the Donor services department can be contacted. Bank of America careers, employment opportunities as well as earnings are specified in the official website. You can locate careers and jobs in all the states of US in different available job areas. Hours of operation differ with the time zone and this can be checked online in the website. For general inquiries you can send email to the bank. Even online yon can fill the request form for query showing your address, email id, phone number etc and send it to the Bank of America. The contact details have been given by Realestatezing.com.

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Comparison between vijaya bank and American bank Institutional structure and recent changes 1277 Branches / offices are under RTGS / NEFT() Vijaya Bank is one among the few banks in the country to take up principal membership of VISA International and MasterCard International. The driving force behind Vijaya Bank's every initiative has been its 11415 strong dedicated workforce. That is the loyal employees of the banks American bank Bank of America will begin offering greater rewards to its most affluent and active banking customers but reduce services for its most basic users, , as the financial industry seeks to make up for lower revenues amid heightened federal regulations. Under the new program, consumers who carry low account balances would be subject to a $9 monthly maintenance fee. Meanwhile, those with at least $50,000 in deposits and investments would receive priority customer service and higher interest rates on their savings. The new accounts will be tested in Arizona, Georgia and Massachusetts this month and are slated to be rolled out nationwide late this year or early next. Econometric methodolo 4. Non availability of adequate employment opportunities in the organized and unorganized sectors is one of the serious challenges faced by the country.Recognising the need for promoting self employment for the unemployed rural youth, especially those below the poverty line and periodic skill upgradation to keep them abreast of latest technologies, the Govt. of Karnataka had taken up with commercial Banks to establish Rural Development and Self Employment Training Institutes (RUDSETI type institutes). Accordingly, Vijaya Bank has established Vijaya Bank Self Employment Training Institute [VIBSETI] at Mandya in the year 1999.
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The Institute started functioning from January 2000 and has been conducting training programmes for creating awareness and imparting required skills to youths to take up gainful self-employment ventures in Mandya district. Inspired by the success of VIBSETI Mandya a second institute was also setup at Haveri in the year 2003.While VIBSETI, Mandya is functioning from its own premises, VIBSETI, Haveri is functioning from rented premises and is in the process of setting up its own premises. OBJECTIVES To identify, train motivate, counsel and assist the unemployed youths to take up various self employment ventures. To train youth to develop the aptitude for working in rural areas, rural development projects etc. To conduct training programmes. Counseling, expert guidance and project formulations.

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