Morbi or Morvi is situated in the Morbi district of Gujarat. It used to be a Princely State that was ruled by the Ranas of Rajputs before the Indian independence in 1947. During the British era, the Morvi State was one among the several princely states that were governed by the Jadeja dynasty of Rajputs. The city is on the Kathiawar peninsula and is situated on the Machhu River. The dam on this river caused the Morbi disaster in 1979 when the Machu-2 dam burst, sending an enormous wall of water through the town and flooded Morbi. As of the latest census, Morbi has around 2 lakh residents who speak in Gujarati. Morbi experienced dynamic development n between 1922 and 1948, during which Sir Lakhdhiraji Waghji ensured commendable town planning and constructed many heritage buildings in and around the city. Morbi is known for its production of ceramic items and Compact Fluorescent Lamp. Moreover, the city is known to be the largest manufacturers of wall clocks in India.
The Vijaya Bank is headquartered in Bangalore, Karnataka, India and it is one of the nationalized public sector banks in India. The bank provides several financial products and services to customers through its delivery channels. As of March 2017, the bank has a network of approximately more than 2000 branches across India and over 4000 customer touch points including 2001 ATMs.Since its inception, the bank grew steadily. It became a scheduled bank in 1958. Vijaya Bank steadily evolved into a large All India Bank with nine smaller banks merging with it during 1963,1968 under the chairmanship of Shri. Mulki Sunder Ram Shetty. The bank registered its logo in 1965. On November 11, 1969, the banks head office was shifted to Bengaluru. On 15 April 1980, the bank was nationalized. The bank had 571 branches, with a total business of ?605.95 crore and a staff strength of 9059 at the time of nationalization. On 26 October 1984, the present head office building of the Bank was inaugurated at Mahatma Gandhi Road, Bengaluru. Shri R.A.Sankara Narayanan is the current MD & CEO of Vijaya bank. As on 31 March 2017, the banks total business is over ?2,29,000 crore containing deposits of ?1,33,012 crore and advances of ?96,821 crore.