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Vijaya Bank plans opening 40 branches on its foundation day

October 8, 2011‐ Chennai, India

The Bangalore-Headquartered Government of India Undertaking Bank, Vijaya Bank is celebrating its Foundation Day on October 23, 2011. The bank was founded by A B Shetty on October 23, 1931 in Mangalore, Karnataka with aim of educating the famers of banking habits, particularly in the farming community of Dakshin Kannada. The bank turned into a scheduled bank in 1958 and grew to become a national level bank both in size and scale with the merger of nine smaller banks. Later on April 15, 1980, the bank was nationalized.

The Bank is planning to open 40 new branches and 80 ATMs of which 3 new branches and 5 ATMs will be in Tamil Nadu on the Foundation Day. Speaking to the media, the Bank Executive Director Subhalakshmi Panse detailed the plans of the bank.

Also on cards is a program called Home Utsav 2011 that will be open in Chennai from October 7 to 9, 2011. The Utsav is aimed at bringing 12 leading builders in the city to show case their projects. The bank aims to use this opportunity to increase its home loan base and to improve its image in the home loans segment.

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