Vizianagaram is a seaside city in the Indian state of Andhra Pradesh. It functions as the headquarters of the Vizianagaram district and mandal. The city is close to the Bay of Bengal and around 40 kilometers away from Visakhapatnam. Various rivers flow through the city such as Nagavali, Vegavathi, Champavathi, Gomukhi, Suvarnamukhi, and Gostani, rendering the area very fertile and conducive to agriculture. There are several irrigation projects on these rivers which indirectly contribute to the economy of the city. The city experiences a predominantly hot and humid climate throughout the year. Around 2.3 lakh residents live in Vizianagaram who mainly speak in Telugu. The city is known for its production of Jute. The coastal belt of Vizianagaram is known for salt cultivation. The largest industry in this area is the manufacture units of ferromanganese. The city has 22 large-scale industries that manufacture jute twine, ferroalloys, sponge, sugar, cement, pharmaceuticals and iron. Vizianagaram has quite a few small-scale industries that focus on general engineering, motor workshops, RCC spun pipes, sawmills, aluminum utensils, groundnut oil mills, rolling mills and vehicle parts.
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.