south Dumdum is an emerging city in the Indian state of West Bengal. It is a municipality in the Barrackpore subdivision of the North 24 Parganas district and consists of localities like Nagerbazar, Dum Dum Park, Lake Town, Bangur Avenue. The South Dumdum municipality was established in 1870. During the partition of Bengal in 1947, several refugees had migrated to this area from erstwhile East Pakistan. Initially, the bulk of refugees were mostly non-agriculturists and they made some vocational arrangements of their own by taking to squatting. They indulged in the forcible occupation of barracks and collectively took-over the private and government lands. By the year 1949, 65 refugee colonies had emerged in the area. Within very less time, these squatters not only found places to stay but also developed a properly functioning society with markets, schools, temples and eventually built colleges, hospitals and recreational centers. The South Dum Dum has over 4 lakh residents now. It has developed well with all civic amenities. It is mostly a residential city and most of the residents travel to the adjoining metro city of Kolkata 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.