Subject to the provisions of the Act, every public authority shall publish the Information
about their organisation for the customers. Accordingly, the Bank submit the following information
for information and use of the customers.
Item No.
Provision
Details
4.1 b
The particulars of Organisation, functions and duties
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
TABLE 1 - Position as on 08.10.2008
Sl.No.
Name of the Director
Designation
Nature of Directorship
1
Sri. Alberto Tauro
Chairman & Managing Director
Executive
2
Sri. S.C. Kalia
Executive Director
Executive
3
Sri. G.B. Singh
Government Nominee Director
Non Executive
4
Sri. K.Venkatappa
RBI Nominee Director
Non Executive
5
Sri.P. Shantharam Shetty
Workmen Director
Non Executive
6
Sri. Ashok Kumar Shetty
Shareholder Director
Non Executive
7
Sri. Ashok Kumar
Shareholder Director
Non Executive
8
Sri. Brij Mohan Sharma
Non Official Director (CA category)
Non Executive
9
Sri.Nishank Kumar Jain
Non Official Director
Non Executive
10
Sri Sridhar Cherukuri
Non Official Director
Non Executive
11
Sri. S. Ananthan
Shareholder Director
Non Executive
12
Sri. Ranjan Shetty
Officer - employee Director
Non Executive
Organisation Structure
The organizational structure of the Bank consists of three tiers viz., Head
Office, Regional Offices and branches. The Head Office of the Bank is located in Bangalore (41/2 M
G Road, Bangalore – 560 001, Phone No. 080 – 25584066, Fax 080 – 25598040, email –
vijbank@vsnl.com, website :(www.vijayabank.com). The Bank has also set up 20
Regional Offices to exercise immediate supervision and control over the branches under their
jurisdiction. All Regional Offices are headed by experienced Executives in the Senior/Top
Management Grade. Further, as the extended wings of the Central Inspection Department, the Bank has
set up 9 Regional Inspectorates.
ORGANIZATIONAL STRUCTURE OF HEAD OFFICE
Head Office has various functional departments that are instrumental in policy formulation and
monitoring the performance of regions.
Organizational structure of Regional Offices
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:-
Sl.No.
Region
Jurisdiction
No. of branches (as on 31.05.08)
1
Ahmedabad
All branches in the State of Gujarath
45
2
Bangalore North
Some branches of Bangalore Urban and Bangalore Rural District
53
3
Bangalore South
Some branches of Bangalore Urban ,Bangalore Rural District & Kolar
District.
50
4
Chandigarh
Branches in the states of Punjab , Chandigarh , Jammu & Kashmir,
Uttaranchal & Himachal Pradesh and some branches of Haryana and shahranpur.
49
5
Chennai
Branches in the State of Tamilnadu and the Union territories of Pondicherry &
Andaman Nicobar
71
6
Delhi
Branches in Delhi , Rajasthan, & some branches in Uttar Pradesh and
Haryana.
69
7
Guwahati
Branches in North Eastern States viz., Tripura, Mizoram , Assam , Arunachal
Pradesh, Nagaland, Meghalaya, Manipur
24
8
Hubli
Branches in Gadag, Bijapur, Dharwad, Belgaum , Bidar, Gulbarga , Raichur, Bagalkot,
Bellary , Hubli, & Koppal districts in Karnataka State and branches in Goa.
67
9
Hyderabad
Branches in Ananthapur, Cuddapah, Hyderabad , Secunderabad, Karimnagar, Khammam,
Kurnool , Mahboobnagar, Nizamabad, Rangareddy & Warrangal districts of Andhra Pradesh
49
10
Kochi
Branches in Kerala except in Kasargod district
63
11
Kolkata
Branches in Chattisgarh, Jharkhand, West Bengal , Orissa, Bihar , Sikkim
56
12
Lucknow
Some branches in Uttar Pradesh and Nainital branch
44
13
Mangalore
Branches in Mangalore district of Karnataka State and branches in Kasargod district
of Kerala State
70
14
Mumbai
Branches of Greater Mumbai & Thane Dist in Maharashtra State .
53
15
Mysore
Branches in Mysore,Mandya, districts of Karnataka State
56
16
Shimoga
Branches in districts of Shimoga, Haveri,Chitradurga, Davangere, of Karnataka
State
33
17
Udupi
Branches in Udupi & Uttar Kannada districts of Karnataka State
69
18
Vijayawada
Branches in Chittoor, East Godawari , Guntur , Krishna , Nellore , Prakasam,
Srikakulam, Vishakapatnam, Vizianagaram & West Godwawari districts of Andhra Pradesh State
42
19
Nagpur
Branches located in the States of Maharashtra (other than branches located in
Greater Mumbai and Thane District), Madhya Pradesh and Chattisgarh.
38
20
Hassan
Branches in districts of Hassan, Chickmagalur of Karnataka State
52
TOTAL
1053
REGIONAL INSPECTORATES
As extended wings of the Central Inspection Department at Head Office the Bank has set up 9
Regional Inspectorates.
S.NO
REGIONAL INSPECTORATES
REGION (as on 31.05.08)
1
DELHI
DELHI
CHANDIGARH
LUCKNOW
2
MUMBAI
AHMEDABAD
MUMBAI
3
HUBLI
HUBLI
SHIMOGA
4
HYDERABAD
HYDERABAD
VIJAYAWADA
5
KOLKATA
KOLKATA
GUWAHATI
6
MANGALORE
MANGALORE
UDUPI
7
MYSORE
MYSORE
8
CHENNAI
CHENNAI
KOCHI
9
BANGALORE
BANGALORE NORTH
BANGALORE SOUTH
CURRENCY CHEST
To help the branches in optimum cash management, the Bank has established 29 Currency
Chests.
Sl.No.
Currency Chests (as on 31.05.08)
Sl.No.
Currency Chests (as on 31.05.08)
1
DELHI
16
SHIMOGA
2
MUMBAI
17
UDUPI
3
BANGALORE - TRINITY CIRCLE
18
AHMEDABAD
4
HYDERABAD
19
TIRUVALLA
5
LUCKNOW
20
NETTOOR
6
COIMBATORE
21
PUTTUR
7
PATNA
22
JAIPUR
8
HUBLI
23
HASSAN
9
VIJAYAWADA
24
MORADABAD
10
CHENNAI
25
BHUBANESHWAR
11
MYSORE
26
MADURAI
12
MANGALORE
27
BANGALORE - MALLESHWARAM
13
TIRUPATHI
28
KURNOOL
14
KOLKATA
29
RAJAHMUNDRY
15
KUNDOTTY
SERVICES BRANCHES
In addition to the branches in the field level, the Bank has opened 12 service branches, which
handle the working relating to collection of instruments drawn on branches in these centers and
also attend to clearing functions.
Sl.No.
Service Branch(as on 31.05.08)
Sl.No.
Service Branch (as on 31.05.08)
1
DELHI
7
HYDERABAD
2
BANGALORE
8
MANGALORE
3
KOLKATA
9
AHMEDABAD
4
CHENNAI
10
LUCKNOW
5
MUMBAI
11
MYSORE
6
KOCHI
12
HUBLI
BRANCHES
The Bank has opened 1053 branches (position as on 31.05.08).
The State wise distribution of branch net work is indicated in Table below:-
STATE
BRANCHES (as on 31.05.08)
SNO
METRO
URBAN
SEMI URBAN
RURAL
TOTAL
1
ANDAMAN & NICOBAR
0
0
1
0
1
2
ANDHRA PRADESH
23
34
17
17
91
3
ARUNACHAL
0
0
1
1
2
4
ASSAM
0
9
4
0
13
5
BIHAR
1
4
0
0
5
6
CHANDIGARH
0
3
0
1
4
7
CHATTISGARH
0
3
0
0
3
8
DELHI
34
0
0
0
34
9
GOA
0
0
5
0
5
10
GUJARAT
21
12
9
3
45
11
HARYANA
1
12
3
1
17
12
HIMACHALPRADESH
0
2
0
1
3
STATE
BRANCHES(as on 31.05.08)
SNO
METRO
URBAN
SEMI URBAN
RURAL
TOTAL
13
JAMMU & KASHMIR
0
3
0
0
3
14
JHARKHAND
0
6
1
0
7
15
KARNATAKA
58
73
85
216
432
16
KERALA
0
21
49
6
76
17
MADHYA PRADESH
4
4
0
0
8
18
MAHARASHTRA
49
20
9
1
79
19
MANIPUR
0
1
0
1
2
20
MEGHALAYA
0
1
1
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
3
12
9
1
25
26
RAJASTHAN
3
14
1
2
20
27
SIKKIM
0
0
1
0
1
28
TAMILNADU
23
24
14
6
67
29
TRIPURA
0
1
0
0
1
30
UTTAR PRADESH
17
33
1
1
52
31
UTTARANCHAL
0
3
1
0
4
32
WEST BENGAL
20
13
0
2
35
TOTAL
257
320
215
261
1053
The list of branches giving the address, contact numbers are furnished in the Bank’s website
viz., (www.vijayabank.com) under search for 'Branch / ATM'
Item No.
Provision
Details
4.1 b (ii)
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.
Item No.
Provision
Details
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.
Item No.
Provision
Details
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.
Item No.
Provision
Details
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.
Item No.
Provision
Details
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.
Item No.
Provision
Details
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.
41 b (iii)
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
Item No.
Provision
Details
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.
41 b (iii)
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
Item No.
Provision
Details
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.
4.1 b (v)
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.
4.1 b (vi)
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.
Item No.
Provision
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.
4.1 b (vii)
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 :
1. Chairman & Managing Director
Chairman of the committee
2. Executive Director
Member
3. RBI Nominee Director
Member
4. Non Official Director
Member
5. Sri T. Rudrappa,
(representing the customers)
Member
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
Item No.
Provision
Details
4.1 b (viii)
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:-
Management Committee of the Board
Audit Committee of the Board
Directors promotion Committee
Risk Management Committee
Special Committee to review fraud cases of Rs.1.00crore & above
Share Holders & Investors Grievances Committee
Share Transfer Committee
Customer Service Committee
Remuneration Committee
Nomination Committee
Committee to Settle Election Disputes
NAME OF THE COMMITTEE
MEMBERS
Management Committee (Position as on 28.12.2008)
1. Albert Tauro
2. S.C.
Kalia
3. K. Venkatappa
4. Brij Mohan Sharma.
5.S.Ananthan
6. Sridhar Cherukuri
7. Ranjan Shetty
Audit Committee
1. Brij Mohan Sharma
(Chairman of the Committee)
2. S.C. Kalia
3. G.B. Singh
4. K. Venkatappa
5. Ashok Kumar
1. Ashok Kumar
(Chairman of the Committee)
2. S.C. Kalia
3. Ashok Kumar Shetty.
4 .Nishank Kumar Jain
5. S. Ananthan
Share Transfer Committee
1. Albert Tauro
2. P. Shantharam Shetty
3. S. Ananthan
Cust. Services Committee
1. Albert Tauro
2. S.C. Kalia
3. K.Venkatappa
4. P. Shantharam Shetty
5. T Rudrappa
Remuneration Committee
1. G.B. Singh
(Chairman of the Committee)
2. K. Venkatappa
3. Ashok Kumar Shetty
4. S. Ananthan
Nomination Committee
1. G.B. Singh
(Chairman of the Committee)
2. K. Venkatappa
3. Brij Mohan Sharma
Management Committee Board
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, Compromise/write off,
sanction of capital and revenue expenditure, premises, investments, donations, etc. The
committee exercises such powers as may be delegated to it by the Board with the approval of Central
Government and concurrence of RBI. The management committee consists of the following
Directors as members:-
Chairman & Managing Director
Executive Director
Non - Official Director appointed under CA category [ Permanent member ]
Non Official Director (RBI Nominee) [ Permanent member ]
Three Non-Official Directors for a period of 6 months, each on rotation basis.
Audit Committee of Board (ACB)
The ACB provides direction as also overseas the operation of the total audit
function in the Bank. 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. The committee specially focuses on the follow up on
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. The Audit Committee of the Board comprises of 5 Directors, with
Non-Executive Independent Director with financial knowledge as the Chairman of the Committee.
Audit Committee Board
The committee consists of the following Directors :-
1. Sri. Brij Mohan Sharma - Non-Official Director under CA Category - Chairman of the
committee.
2. Executive Director - Member
3. Govt. Nominee Director - Member
4. RBI Nominee Director - Member
5. One Non-Official Director - Member
The functions of Audit Committee includes the following:-
Overseeing the Bank’s financial reporting process and ensuring correct,
adequate and credible disclosure of financial information.
Reviewing with the Management, Financial statements with special emphasis on
accounting policies and practices, compliance of accounting standards and other legal requirements
concerning financial statements, qualifications in the audit report, compliance with stock Exchange
guidelines and legal requirements concerning financial institutions, related party transaction,
etc.
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.
Interacts with Statutory Central Auditors before the finalization of the annual/half yearly and
quarterly accounts and reports, focusing on the changes in accounting policies and practices and
qualifications in the draft Audit Report.
Looking into the reasons for substantial defaults in the payments to the depositors,
shareholders, debenture holders and creditors, if any.
Shareholders/Investors Grievances Committee
The Shareholders/Investors Grievances Committee has been constituted by the Bank
with the purpose of redressal of shareholders and investors complaints on the matters of their
interest with the following nominees as members of the committee.
Shareholder Director … Chairman of the Committee
Executive Director - Member
Shareholder nominee Director - Member
Shareholder nominee Director - Member
Share Transfer Committee
The Bank has constituted a Share Transfer Committee of Directors with Chairman
& Managing Director or Executive Director (in the absence of C&MD) and one
Shareholders Nominee Directors & one Non-Official Director, as its members. The committee
meets once in 15 days with a view to effect speedy transfer of shares.
Risk Management Committee
To devise Risk Management policies and strategies for integrated risk management
in the Bank, the Bank has constituted the Risk Management Committee of the Board, consisting of the
following members:-
Chairman & Managing Director
Executive Director
Three Directors [ Non-Official / Shareholder Directors ]
Committee to Review Fraud Cases
With a view to provide focused attention on monitoring of frauds involving
amounts of Rs.1 crore and above, a committee of the Board to monitor large value frauds has been
constituted in terms of the guidelines of RBI. The committee consists of the following
Directors :-
Chairman & Managing Director
Executive Director
Three Directors [ Non-Official / Shareholder Directors ]
Customer Service Committee
Pursuant to directives of RBI, Customer Service Committee has been constituted with the
following directors as members:-
Chairman & Managing Director, Chairman of the committee.
Executive Director. - Member
RBI Nominee Director. - Member
one Non-Official Director. - Member
Shri T Rudrappa, representing the customers. - Member
Committee to settle Election Disputes under Regulation 67 of Vijaya Bank (Shares &
Meetings) Regulation 2003
1. Chairman & Managing Director
2. Govt. Nominee Director
3. RBI Nominee Director
Directors Promotion Committee
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.
Directors Promotion Committee
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.
Directors Promotion Committee
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.
