Ramagundam is the most populous city in the Peddapalli district of the Indian state of Telangana. The city obtains its name from the combination of two words - Rama refers to the Hindu God, Lord Rama; Gundam means "water springs." Located on the banks of the Godavari, the city is often called the city of energy. The city hosts around 2.3 lakh residents who mostly speak in Telugu and are employed in the various industrial sectors present in the area. Roads, railway and a local airport ensure a great connectivity to this city. Ramagundam is situated in the Godavari valley coalfields. It has one of Indias largest thermal power stations owned by NTPC. Some of the industries that have flourished in the area are Fertilizer Corporation of India, Kesoram Cement, National Fertilizers Limited, TSGENCO thermal power station, Engineers India Limited, Kesoram (Birla) cement factories, etc. The NTPC plan at Ramagundam is undergoing dynamic upgrades which would help in earning carbon credits against the use of solar power as a renewable energy source. Additionally, an irrigation project called Sripada Yellampalli project, and the very first Solar Power Plant are being set up at Ramagundam
The bank was named Vijaya Bank since it was found on the auspicious occasion of Vijayadashami Day. On 23 October 1931, it was founded by a group of farmers under the leadership of A. B. Shetty, in Mangaluru, Dakshina Kannada District of Karnataka State. The Bank has been actively working with the agenda of financial inclusion. The bank has been started with the objective of economic empowerment and providing banking services to the rural masses. The bank has provided sanitation facilities to 56 government schools mostly in rural areas. The bank has established 32 rural health centers where patients are provided with primary health care and medicine free of cost. A unique programme has also been devised to adopt girl children. The bank introduced the policy of Girl Child Adoption in 2011 under which the bank takes girl children from SC/ ST/ OBC/ economically weaker sections / backward areas/ needy families from the age of 5 years onwards to promote girl child education, mostly from rural and backward areas. The bank has adopted 1163 girl children all over the country.V-Gyan Sagar is a unique initiative taken by Vijaya Bank to impart financial literacy to the public. It is an Android-based mobile application that enables its subscribers to receive regular updates on banking and economic news. It explains banking terminologies.