Ambala is a city as well as a municipal corporation located in the district of the same name within the Indian state of Haryana. The city forms the border of Haryana and Punjab and lies close to the state capital Chandigarh. Ambala consists of two sub-areas - the Ambala Cantonment area and the Ambala City are, that are less than a kilometer apart. The twin city has a large base of Indian Army and Indian Air Force within its cantonment area. This city separates the Ganges network from the Indus network and the rivers Ghaggar and Tangri surround it. Ambala plays a pivotal role in local tourism, connecting tourists to Chandigarh, Shimla, New Delhi and Amritsar. Gurudwara Manji Sahib, situated within the city, is a place worth visiting in Ambala. The economy of the city is fuelled by its "Cloth Market" which draws shoppers from surrounding areas. It has a dense cluster of at least 1000 wholesale shops that sell a wide range of cloth items like hand-loom textiles, silk, various kinds of sarees, suitings, shirtings as well as dress material of all types. This market is considered to be the largest cloth trading market in Asia. Most of the residents of Ambala are employed in this business.
The Vijaya Bank was founded by a group of farmers under the leadership of A. B. Shetty on 23 October 1931, in Mangaluru, Dakshina Kannada District of Karnataka State. It was named Vijaya Bank since it was found on the auspicious Vijayadashami Day. During the economic chaos created out of the Great Depression of 192730, Shetty approached some eminent personalities to start a bank with the aim of providing credit facilities at a lower rate of interest to the farmers for cultivating their lands and preventing them from falling in the grasp of money lenders. On 23 October 1931, Mr.Shetty involved 14 leaders and established Vijaya Bank. The bank had an authorized capital of ?Five lakh and an issued capital of ?Two lakh in the beginning. Being a retail bank, its topline growth has come from the retail segments. Retail advances of the bank constitute 30% of the gross credit. The Bank has been actively working with the agenda of financial inclusion. The bank has been started with the objective of financial empowerment and providing banking services to the rural masses. The Vijaya bank has also opened Basic Savings Bank Accounts under Pradhan Mantri Jan Dhan Yojana and provided Rupay debit cards to all the account holders. The bank participated in promoting social security schemes such as Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, and Atal Pension Yojana.