Vijaya Bank is a Nationalised 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 India’s share in the Bank’s 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. The particulars of Board of Directors are furnished in Table-1 below

1

47

2

58

3

55

4

55

5

77

6

75

7

25

8

70

9

59

10

69

11

62

12

62

13

71

14

62

15

59

16

36

17

69

18

43

19

 51

 20

53

1

2

3

4

5

6

7

8

9

BANGALORE NORTH

1

16

2

17

3

18

4

19

5

20

6

21

7

22

8

23

9

24

10

25

11

26

12

27

13

28

14

29

15

1

7

2

8

3

9

4

10

5

11

6

 12

STATE

METRO

URBAN

SEMI URBAN

RURAL

TOTAL

1

ANDAMAN & NICOBAR

 0

 0

1 

 0

1

2

ANDHRA PRADESH

27

36

19

19

101

3

ARUNACHAL

0

0

2

1

3

4

ASSAM

0

9

4

0

13

5

BIHAR

2

5

1

0

8

6

CHANDIGARH

0

3

0

1

4

7

CHATTISGARH

0

4

0

0

4

8

DELHI

37

0

0

0

37

9

GOA

0

0

5

0

5

10

GUJARAT

24

13

8

2

47

11

HARYANA

1

14

4

1

20

12

HIMACHALPRADESH

0

1

3

0

4

STATE

BRANCHES(as on 31.01.10)

SNO

METRO

URBAN

SEMI URBAN

RURAL

TOTAL

13

JAMMU & KASHMIR

0

3

0

0

3

14

JHARKHAND

0

6

1

0

7

15

KARNATAKA

64

77

89

220

450

16

KERALA

0

22

54

6

82

17

MADHYA PRADESH

4

9

0

0

13

18

MAHARASHTRA

56

27

10

1

94

19

MANIPUR

0

1

0

1

2

20

MEGHALAYA

0

2

0

0

2

21

MIZORAM

0

1

0

0

1

22

NAGALAND

0

0

2

1

3

23

ORISSA

0

8

0

0

8

24

PONDICHERRY

0

2

0

0

2

25

PUNJAB

5

12

9

1

27

26

RAJASTHAN

3

15

2

1

21

27

SIKKIM

0

0

1

0

1

28

TAMILNADU

23

27

19

6

75

29

TRIPURA

0

1

0

0

1

30

UTTAR PRADESH

27

38

4

1

70

31

UTTARANCHAL

0

4

1

0

5

32

WEST BENGAL

21

12

2

2

37

TOTAL

294

352

241

264

1151

The powers and duties of officers and employees

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, 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.  

2.     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.

3.     To open, to operate upon and close Accounts on behalf and in the name of the Bank with Banks, Bankers and others in and outside India and to overdraw on such Account or Accounts and for all such purposes to draw, sign and issue cheques, Receipts and discharges or other instruments in such manner as to him/her may appear requisite or advisable and periodically to examine, state, settle and adjust accounts pending between the Bank and any person or persons whatsoever.          

4.     To invest moneys belonging to the Bank or to pay any customers in Government Securities, Trustee Securities, Debentures or shares of any Public Body or Local Authority and to make advances to customers in due course of business.

5.     To guarantee in due course of business the due performance by any customer of the Bank of his/her obligation arising out of any contract entered into with the third party or on account of any other liability to a third party.

6.     To collect interest and dividends on Promissory Notes, Loans, Stocks, Bonds or Obligations of any Government State or Local Authority, Municipal Body incorporated or not or any Company or other Corporation and the Shares, Stocks and Debentures, Stocks (whether perpetual or otherwise) of any Railways, Banks or other Joint Stock Companies or Co-partnerships or other Securities and investments of all kinds and to receive pensions, pay, rents or other income.

7.     To pledge, mortgage, endorse, dispose of, turn into account or otherwise deal with any of the Government Securities, Trustee Securities or other approved Securities standing in the name of the Bank and to do all such things as are incidental or conducive to the attainment of the above objects, including the borrowings or raising or taking of money.  

8.     To make, sign, endorse, purchase, sell, discount or accept Cheques, Drafts, Hundies, Bills of Exchange and Negotiable and Mercantile instruments in the name and on behalf of the Bank.

 9.     To act on behalf of the Bank in all matters incidental to or arising out of Bankruptcy or Insolvency or any composition or any other arrangement with the creditors of any person or persons indebted or under liability to the Bank or claimed so to be or in the winding up of any Company so indebted or under liability or claimed so to be.

10.   To demand, collect, receive and give effectual bonafide discharges of in the name and on behalf of the Bank all debts, advances and claims due to the Bank; further to take and use all lawful proceedings and means for recovering and realizing the said debts and advances and also to commence, prosecute and defend at law all actions, suits, claims, demands and disputes.

11.      To institute, prosecute or defend answer or defend, answer or oppose all actions, suits and other legal proceedings relating to the business of the Bank in any Civil or Criminal Court of Judicature in or outside India and therein to proceed to judgement or execution thereon or to transfer the decree in favour of the Bank and generally to do all such acts, deeds and things as the said officer shall think expedient.

12.   To manage or superintend the Management of all business and estates of whatever tenure to which the Bank is or may become possessed or entitled.

13.   To enter into leases except perpetual leases, to take effective possession of all or any of the freehold or leasehold properties of the Bank, to accept surrender of leases and tenancies and to demand, sue for, collect and give effectual discharges for rents and profits.

14.   With the previous sanction of the management from time to time to adjust, settle, withdraw, compromise or submit to a arbitration any demands, disputes and matters touching any of the matters aforesaid or any other matters which are subsisting or which may hereafter arise between the said Bank and any other person or persons.

15.   With the previous sanction of the management from time to time to compound and to accept part in lieu and in satisfaction for the whole of or compromise any debt or sum of money now or hereafter owing or payable to the Bank or any other claim or demand which the Bank has or to grant extension of time for the payment or satisfaction thereof upon such terms as may be deemed proper either with or without taking security for the same.

16. To obtain assignments or transfers in the name of the Bank, of Shares of Joint Stock Companies or Insurance Policies and also to reassign, transfer, sell or surrender the same for and on behalf of the Bank.

17. To pay calls upon Shares and to vote at any meeting of any company of which the Bank is a Shareholder.

18. To administer estates entrusted to the Bank as Executor, Trustee, Administrator and the like.

19. To prepare and file Income-Tax or other Tax Returns on behalf of Customers and to appear before all Income Tax Tribunals.

20. To Act for and on behalf of the Bank as Attorney of Customers either appointed specially or generally.

21. To represent the Bank for purposes of Company Law or any other Act or Law of the Government, Central or State, now in force or hereafter to come into force in accepting service, filing Returns and documents and to act in all matters relating to the same in or outside India whether the Bank has or may hereafter establish offices.

22. To appoint and employ Agents, including Advocates, Vakils, Pleaders or other Legal Practitioners, Overseers, Receivers or other persons at such remuneration by way of fees, salary, commission or otherwise as the above named Attorney may think proper and from time to time dismiss and discharge them and to employ or appoint any other in their stead.

23.   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.

24.    Generally to sign, execute, do and perform such instruments, indemnity bonds,    guarantees/ guarantee letters and other documents and all acts and  things as may be requisite or necessary.

The procedures followed in decision making process, including channels of supervision and accountability

There is a well defined system in the Bank regarding the decision making process. 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. For implementation of such policies, officers in various scales are delegated with powers depending on the hierarchy and the placement. All employees of the Bank in discharging their functions have to follow the Book of Instructions which covers the entire gamut of banking transactions. Wherever other functions are involved, they are governed by Manual of Instructions pertaining to each department. Apart from this, 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. Officers, after due processing of the relevant subject matter/ papers, take decision on the merits. Any officer deviating from the laid down policies of the Bank is liable to be penalised under the Vijaya Bank Officer Employees (Conduct) Regulations, 1981 and Vijaya Bank Officer Employees (Discipline & Appeal) Regulations, 1981

1.   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.

2.    Generally to sign, execute, do and perform such instruments, indemnity bonds,    guarantees/ guarantee letters and other documents and all acts and things as may be requisite or necessary.

The procedures followed in decision making process, including channels of supervision and accountability

There is a well defined system in the Bank regarding the decision making process. 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. For implementation of such policies, officers in various scales are delegated with powers depending on the hierarchy and the placement. All employees of the Bank in discharging their functions have to follow the Book of Instructions which covers the entire gamut of banking transactions. Wherever other functions are involved, they are governed by Manual of Instructions pertaining to each department. Apart from this, 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. Officers, after due processing of the relevant subject matter/ papers, take decision on the merits. Any officer deviating from the laid down policies of the Bank is liable to be penalised under the Vijaya Bank Officer Employees (Conduct) Regulations, 1981 and Vijaya Bank Officer Employees (Discipline & Appeal) Regulations, 1981

Further, our Bank has also evolved ‘Model Policy on Bank Deposits’ ‘Bankers’ Fair Practice Code for Credit Card operations’ ‘Fair Practice Code for Bankers’ and ‘Citizen’s Charter’ which are available on the bank’s website and at the branches/offices of the Bank. However, it should be noted that whether the sanction of a loan or not is the absolute discretion of the concerned sanctioning authority of the Bank and such discretion is exercised, after taking into consideration the relevant facts and circumstances of each case.

The rules, regulations, instructions, manuals and records held by the Bank or under its control or used by its employees for discharging its functions.

The Bank has brought out a large number of ‘Manuals of Instructions’ Codified Circulars, Guidelines on Documentation, Scheme for Delegation of Powers, besides the periodical Circulars/Circular letters.   These are being used by the employees while discharging various functions.   These are all meant only for internal circulation.

A statement of the categories of documents that are held by the Bank or under its control.

These are mainly register of shareholders/record of the proceedings of the AGMs, Board Meetings and various committee meetings, documents executed by customers/borrowers/ guarantors, contracts with third parties, etc. These documents are all private information and can not be shared with the public.

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.

The particulars of any arrangement that exists for consultation with or representation by the members of the public in relation to the formulation of its policy or implementation thereof

Presently, the bank’s shareholders can raise issues concerning policies in the Annual General Meetings.   Further, the Bank’s quarterly results/annual results/reports are published for the information of public, as well as shareholders which would give an idea about the policies of the Bank and implementation thereof. The Bank has set up a Customer Service Committee at the level of the Board comprising the following members :

One member is representing the customers of the Bank. The decisions of the Committee are placed before the Board of Directors of the Bank if any policy changes are involved

A statement of the Boards, Councils, Committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public or the minutes of such meetings are accessible for public

The Bank has constituted various committees of the Board:-

1. Management Committee of the Board
2. Audit Committee of the Board
3. Directors promotion Committee
4. Risk Management Committee
5. Special Committee to review fraud cases of Rs.1.00crore & above
6. Share Holders & Investors Grievances Committee
7. Share Transfer Committee
8. Customer Service Committee
9. Remuneration Committee 
10. Nomination Committee
11. Committee to Settle Election Disputes

           MEMBERS

1.Mr. Albert Tauro                                                          
2.Mrs.Shubhalakshmi Panse              
3. Mr. K. Venkatappa    
4. Mr. Ashok Kumar Shetty
5. Mr.Ranjan Shetty
6..Mr.Sridhar Cherukurii                                                                  

1. Mrs.Shubhalakshmi Panse                                                   
2. Mr. G.B.Singh 
3. Mr.K. Venkatappa  
4. Mr. Ashok Kumar  

1. Mr. Albert Tauro
2. Mrs. Shubhalakshmi Panse 
3. Mr.K.Venkatappa   
4. Mr.P. Shantharam Shetty
5. Mr.Nishank Kumar Jain

1. Mr. G.B. Singh 
    (Chairman of the Committee)
2. Mr. K. Venkatappa
3. Mr. Nishank Kumar Jain  

A Special Committee was formed in terms of Regulation 19 (2) of the Vijaya Bank (Officers’) Service Regulation 1982 to review the cases of executives in SMG Scale V and above.   The committee overseas disciplinary cases and promotions of top executives (Scale VII) of the Bank.   It was constituted for the purpose of review and retirement of Officer employees on or at any time after the completion of 55 years of age or at any time after completion of 30 years of total service.   The committee comprises of Chairman & Managing Director, Executive Director, Government Director and the Reserve Bank of India Director. 

A Special Committee was formed in terms of Regulation 19 (2) of the Vijaya Bank (Officers’) Service Regulation 1982 to review the cases of executives in SMG Scale V and above.   The committee overseas disciplinary cases and promotions of top executives (Scale VII) of the Bank.   It was constituted for the purpose of review and retirement of Officer employees on or at any time after the completion of 55 years of age or at any time after completion of 30 years of total service.   The committee comprises of Chairman & Managing Director, Executive Director, Government Director and the Reserve Bank of India Director. 

Remuneration Committee  

The Committee was formed in terms of Government of India Guidelines dated 9.3.2007 .   It was constituted for the purpose of Performance  Evaluation Matrix of Whole Time Directors (Chairman & Managing Director and the Executive Director).    The Committee  comprises of Governmane Nominee Director, RBI Nominee Director, Non Official Director appointed under Chartered Accountant Category and one Non Official / Shareholder Director. 

Since the number employees is quite large and they are subject to transfer, it is not possible to publish the list of officers/ employees and keep the same updated from time to time.   Any person interested in seeking the information about any officer or employee of the Bank can approach the Public Information Officer/Asst. Public Information Officer at the Regional/Head Office level.

There are no plans and budgets for expenditure of public money and disbursements and this provision is not applicable to Vijaya Bank.

The Bank is not providing any subsidy in its deposit/ lending operations. In implementation of Govt. schematic schemes, the Bank receives subsidy from Govt./ Govt. agencies, which will be disbursed to beneficiaries of such loans in accordance with the scheme framed by Govt./ Govt. agencies

There are no programmes in the Bank for grant of concessions, permits, authorizations, etc.

All the general information regarding deposits, advances and other services offered by the Bank are already available in the bank’s website.

Detailed information about the Bank, its products/services are available in the bank’s website. The public can also approach the Branch Managers for further clarification/guidance. The public can also approach the Public Information Officer/Asst. Public Information Officer at Head Office/Regional Office levels for any other details which are not available in the bank’s website.  

The names, designations and other particulars of Public Information Officers/ Asst. Public Information Officers are furnished below:-

Shri. K.R.R. Pai
Deputy General Manager  
(Planning & Development  Department )

Ph:   080-25590604
e-mail: dgmplanning@vijayabank.co.in