Panihati is a developing city in the North 24 Parganas district of the Indian state of West Bengal. It is a part of Kolkata Urban Agglomeration with more than 3 lakh residents. Panihati municipality is a part of the Kolkata Metropolitan Area Development Area or KMDA. There are prestigious educational institutions such as the St. Xaviers Institution, the Narula Institute of Technology, Guru Nanak Institute of Technology, etc. in the vicinity of the city. The small city is well connected via railways with two important railway stations - Agarpara and Sodepur in the vicinity. The place is known for hosting many industries. The Bengal Chemicals and Pharmaceuticals at Panihati is a leading manufacturer of medicines. The Bengal Waterproof Works Private Ltd. is popular for their brand Duckback. The Texmaco Rail and Engineering Ltd. has five manufacturing units in and around Panihati. The residents are either employed in these industries or they travel to the various service sectors of the KMDA region for work.
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.