The city of Chandrapur is situated in the Indian state of Maharashtra. It is a municipal corporation in Chandrapur district and serves as the center of governance of the eponymous district. Chandrapur was originally a Fort city that was founded by a Gond king by the name of Khandakya Ballal Sah in the 13th century. Situated at the confluence of Rivers Irai and Zarpat, the area surrounding the city is rich in minerals, especially coal. Therefore, Chandrapur is popularly known as the "black gold city." The city experiences a hot and dry climate. Chandrapur has around 3.8 lakh residents who mostly speak in Marathi. The natives belonging to the Gond tribe use the Gondi language, whereas Telugu is also widely spoken by Telugu settlers in Chandrapur. Most of the residents are fluent in Hindi and many can speak English. Coal mining mainly fuels the economy of this city, backed by other emerging industries such as cement making, paper manufacturing, and ferroalloy manufacturing. The Chandrapur Super Thermal Power Station employs thousands of residents and also supplies more than 25% of Maharashtras electricity. The Tadoba National Tiger Reserve in the vicinity of Chandrapur is a major attraction for tourists and environmentalists.
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.