Mysore city is officially named as Mysuru. It is the third among the largest cities in the south Indian state of Karnataka. It is located at the foothills of the Chamundi hills and has an enormous historical and cultural background. The rule of different dynasties dominates its history which reflects through the various palaces and other landmarks in the city. The city lies close to the state capital Bangalore and provides an investment option for companies, away from the hustle and bustle of the capital city. Tourism, Sandalwood products and textiles drive the economy of the city. Mysore silk sarees are favorite among Indian women. The city has seen a lot of development in recent days with the rise of the software sector when Infosys set up a huge campus in Mysore. Other MNCs like Larsen & Toubro Infotech and Excelsoft Technologies followed suit. Mysore hosts many central government organizations such as RBI Paper Printing Press, RBI Note printing Press and several others that provide a considerable employment opportunity to the residents. Mysore has many educational institutions which nurture the talent of the youth and shape them up for the various industries in the city. Few of the esteemed institutes in Mysore are the University of Mysore, Visvesvaraya Technological University, Mysore medical college, etc. The city is a haven for tourism with splendid attractions such as the Mysore Palace, Nagarhole national park, Mysore zoo, Chamundeshwari temple, St. Philomenas church, etc.
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.