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VIJAYA BANK

INFORMATION ABOUT VIJAYA BANK AS REQUIRED UNDER

THE RIGHT TO INFORMATION ACT 2005

Subject to the provisions of the Act, every public authority shall publish the Information about their organisation for the customers. Accordingly, the Bank submit the following information for information and use of the customers.

Item No. Provision Details
4.1 b The particulars of Organisation, functions and duties

Vijaya Bank is a Nationalised Scheduled Commercial Bank. The Bank is celebrating its Platinum jubilee during the current financial year as it was established in 1931. The Bank was nationalised on 15.04.1980 under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1980 and Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1980. The Bank is also governed by the Banking Regulation Act, 1949 and is engaged in various businesses as fully defined under Section 6 of the said Act. Presently the Govt. of India’s share in the Bank’s equity works out to 53.87%. The Bank is managed by a duly constituted Board of Directors. The present strength of Board of Directors of the Bank is 12, comprising of 2 Executive and 10 Non-Executive Directors having expertise in various fields. The particulars of Board of Directors are furnished in Table-1 below

TABLE 1 - Position as on 2.3.2012

Sl.No. Name of the Director Designation Nature of Directorship

1

Sri. V Kannan

Chairman & Managing Director

Executive

2

Mr. Ramadas Shenoy.K Executive Director Executive
3 Mr. B.S. Rama Rao Executive Director

Executive

4

Smt. Suma  Varma

RBI Nominee Director

Non Executive

5

Smt. Bharati Rao

Shareholder Director

Non Executive

6

Sri  P Vaidyanathan

Shareholder  Director

Non Executive

8

Sri. Ashok Gupta

Non Official Director

Non Executive

 9

Sri. H. Harish Ballal

 Officer-Employee  Director

 Non Executive

Organisation Structure



The organizational structure of the Bank consists of three tiers viz., Head Office, Regional Offices and branches. The Head Office of the Bank is located in Bangalore (41/2 M G Road, Bangalore – 560 001, Phone No. 080 – 25584066, Fax 080 – 25598040, email: vijbank@vsnl.com , website : ( www.vijayabank.com ). The Bank has also set up 20 Regional Offices to exercise immediate supervision and control over the branches under their jurisdiction. All Regional Offices are headed by experienced Executives in the Senior/Top Management Grade. Further, as the extended wings of the Central Inspection Department, the Bank has set up 9 Regional Inspectorates.

ORGANIZATIONAL STRUCTURE OF HEAD OFFICE



Head Office has various functional departments that are instrumental in policy formulation and monitoring the performance of regions.

Organizational structure of Regional Offices



The Bank has set up 20 Regional Offices to exercise immediate supervision and control over the branches under their jurisdiction. These Regional Offices report to different functional departments at the Head Office. The jurisdiction of different Regional Offices is indicated in table below:-

Sl.No. Region Jurisdiction No. of branches (as on 31.01.10)

1

Ahmedabad   All branches in the State of Gujarath

47

2

Bangalore North Some branches of Bangalore Urban and Bangalore Rural District

58

3

Bangalore South Some branches of Bangalore Urban ,Bangalore Rural District & Kolar District.

55

4

Chandigarh   Branches in the states of Punjab , Chandigarh , Jammu & Kashmir, Uttaranchal & Himachal Pradesh and some branches of Haryana and shahranpur.

55

5

Chennai   Branches in the State of Tamilnadu and the Union territories of Pondicherry & Andaman Nicobar

77

6

Delhi   Branches in Delhi , Rajasthan, &  some branches in Uttar Pradesh and Haryana.

75

7

Guwahati   Branches in North Eastern States viz., Tripura, Mizoram , Assam , Arunachal Pradesh, Nagaland, Meghalaya, Manipur

25

8

Hubli   Branches in Gadag, Bijapur, Dharwad, Belgaum , Bidar, Gulbarga , Raichur, Bagalkot, Bellary , Hubli, & Koppal districts in Karnataka State and branches in Goa.

70

9

Hyderabad   Branches in Ananthapur, Cuddapah, Hyderabad , Secunderabad, Karimnagar, Khammam, Kurnool , Mahboobnagar, Nizamabad, Rangareddy & Warrangal districts of Andhra Pradesh

59

10

Kochi Branches in Kerala except in Kasargod district

69

11

Kolkata   Branches in Chattisgarh, Jharkhand, West Bengal , Orissa, Bihar , Sikkim

62

12

Lucknow Some branches in Uttar Pradesh and Nainital branch

62

13

Mangalore   Branches in Mangalore district of Karnataka State and branches in Kasargod district of Kerala State

71

14

Mumbai Branches of Greater Mumbai & Thane Dist in Maharashtra State .

62

15

Mysore  Branches in Mysore,Mandya,  districts of Karnataka State

59

16

Shimoga   Branches in districts of Shimoga, Haveri,Chitradurga, Davangere, of Karnataka State

36

17

Udupi   Branches in Udupi & Uttar Kannada districts of Karnataka State

69

18

Vijayawada   Branches in Chittoor, East Godawari , Guntur , Krishna , Nellore , Prakasam, Srikakulam, Vishakapatnam, Vizianagaram & West Godwawari districts of Andhra Pradesh State

43

19

Nagpur Branches located in the States of Maharashtra (other than branches located in Greater Mumbai and Thane District), Madhya Pradesh and Chattisgarh.

 51

 20

 Hassan Branches in districts of  Hassan, Chickmagalur  of Karnataka State

53

TOTAL 1158

REGIONAL INSPECTORATES



As extended wings of the Central Inspection Department at Head Office the Bank has set up 9 Regional Inspectorates.

S.NO REGIONAL INSPECTORATES REGION (as on 31.01.10)

1

DELHI DELHI
  CHANDIGARH
LUCKNOW

2

MUMBAI AHMEDABAD
  MUMBAI

3

HUBLI HUBLI
  SHIMOGA

4

HYDERABAD HYDERABAD
  VIJAYAWADA

5

KOLKATA KOLKATA
  GUWAHATI

6

MANGALORE MANGALORE
  UDUPI

7

MYSORE MYSORE

8

CHENNAI CHENNAI
  KOCHI

9

BANGALORE

BANGALORE NORTH

  BANGALORE SOUTH

CURRENCY CHEST



To help the branches in optimum cash management, the Bank has established 29 Currency Chests.

Sl.No. Currency Chests (as on 31.01.10) Sl.No. Currency Chests (as on 31.01.10)

1

DELHI

16

SHIMOGA

2

MUMBAI

17

UDUPI

3

BANGALORE - TRINITY CIRCLE

18

AHMEDABAD

4

HYDERABAD

19

TIRUVALLA

5

LUCKNOW

20

NETTOOR

6

COIMBATORE

21

PUTTUR

7

PATNA

22

JAIPUR

8

HUBLI

23

HASSAN

9

VIJAYAWADA

24

MORADABAD

10

CHENNAI

25

BHUBANESHWAR

11

MYSORE

26

MADURAI

12

MANGALORE

27

BANGALORE - MALLESHWARAM

13

TIRUPATHI

28

KURNOOL

14

KOLKATA

29

RAJAHMUNDRY

15

KUNDOTTY    

SERVICES BRANCHES



In addition to the branches in the field level, the Bank has opened 12 service branches, which handle the working relating to collection of instruments drawn on branches in these centers and also attend to clearing functions.

Sl.No. Service Branch(as on 31.01.10) Sl.No. Service Branch (as on 31.01.10)

1

DELHI

7

HYDERABAD

2

BANGALORE

8

MANGALORE

3

KOLKATA

9

AHMEDABAD

4

CHENNAI

10

LUCKNOW

5

MUMBAI

11

MYSORE

6

KOCHI

 12

HUBLI 
    

BRANCHES



The Bank has opened 1151 branches (position as on 31.01.10). The State wise distribution of branch net work is indicated in Table below:-

 SNO STATE BRANCHES (as on 31.01.10)
METRO URBAN SEMI URBAN RURAL TOTAL

1

ANDAMAN & NICOBAR

 0

 0

 0

1

2

ANDHRA PRADESH

27

36

19

19

101

3

ARUNACHAL

0

0

2

1

3

4

ASSAM

0

9

4

0

13

5

BIHAR

2

5

1

0

8

6

CHANDIGARH

0

3

0

1

4

7

CHATTISGARH

0

4

0

0

4

8

DELHI

37

0

0

0

37

9

GOA

0

0

5

0

5

10

GUJARAT

24

13

8

2

47

11

HARYANA

1

14

4

1

20

12

HIMACHALPRADESH

0

1

3

0

4

13

JAMMU & KASHMIR

0

3

0

0

3

14

JHARKHAND

0

6

1

0

7

15

KARNATAKA

64

77

89

220

450

16

KERALA

0

22

54

6

82

17

MADHYA PRADESH

4

9

0

0

13

18

MAHARASHTRA

56

27

10

1

94

19

MANIPUR

0

1

0

1

2

20

MEGHALAYA

0

2

0

0

2

21

MIZORAM

0

1

0

0

1

22

NAGALAND

0

0

2

1

3

23

ORISSA

0

8

0

0

8

24

PONDICHERRY

0

2

0

0

2

25

PUNJAB

5

12

9

1

27

26

RAJASTHAN

3

15

2

1

21

27

SIKKIM

0

0

1

0

1

28

TAMILNADU

23

27

19

6

75

29

TRIPURA

0

1

0

0

1

30

UTTAR PRADESH

27

38

4

1

70

31

UTTARANCHAL

0

4

1

0

5

32

WEST BENGAL

21

12

2

2

37

 

TOTAL

294

352

241

264

1151

The list of branches giving the address, contact numbers are furnished in the Bank’s website viz., ( www.vijayabank.com ) under search for 'Branch / ATM'

Item No. Provision Details
4.1 b (ii)

The powers and duties of officers and employees

The officers of the Bank have been delegated with powers to discharge their functions to carry on the business of the Bank as defined under Section 6 of the Banking Regulation Act, 1949. Some of the powers are as follows :  

1.     To receive and sign and give effectual receipts and discharges for all and any moneys which shall come into his/her hands.  

2.     To receive and pay deposits on terms and conditions to be determined from time to time by the Board of Directors of the Bank and to issue and sign receipts and Pass Books with regard to such Deposits thus received and paid and also to pay interest on Fixed and other Deposits in accordance with the rates fixed and determined by the Board of Directors of the Bank from time to time or specially in any case.

3.     To open, to operate upon and close Accounts on behalf and in the name of the Bank with Banks, Bankers and others in and outside India and to overdraw on such Account or Accounts and for all such purposes to draw, sign and issue cheques, Receipts and discharges or other instruments in such manner as to him/her may appear requisite or advisable and periodically to examine, state, settle and adjust accounts pending between the Bank and any person or persons whatsoever.          

Item No. Provision Details
   

4.     To invest moneys belonging to the Bank or to pay any customers in Government Securities, Trustee Securities, Debentures or shares of any Public Body or Local Authority and to make advances to customers in due course of business.

5.     To guarantee in due course of business the due performance by any customer of the Bank of his/her obligation arising out of any contract entered into with the third party or on account of any other liability to a third party.

6.     To collect interest and dividends on Promissory Notes, Loans, Stocks, Bonds or Obligations of any Government State or Local Authority, Municipal Body incorporated or not or any Company or other Corporation and the Shares, Stocks and Debentures, Stocks (whether perpetual or otherwise) of any Railways, Banks or other Joint Stock Companies or Co-partnerships or other Securities and investments of all kinds and to receive pensions, pay, rents or other income.

7.     To pledge, mortgage, endorse, dispose of, turn into account or otherwise deal with any of the Government Securities, Trustee Securities or other approved Securities standing in the name of the Bank and to do all such things as are incidental or conducive to the attainment of the above objects, including the borrowings or raising or taking of money.  

Item No. Provision Details
   

8.     To make, sign, endorse, purchase, sell, discount or accept Cheques, Drafts, Hundies, Bills of Exchange and Negotiable and Mercantile instruments in the name and on behalf of the Bank.

 9.     To act on behalf of the Bank in all matters incidental to or arising out of Bankruptcy or Insolvency or any composition or any other arrangement with the creditors of any person or persons indebted or under liability to the Bank or claimed so to be or in the winding up of any Company so indebted or under liability or claimed so to be.

10.   To demand, collect, receive and give effectual bonafide discharges of in the name and on behalf of the Bank all debts, advances and claims due to the Bank; further to take and use all lawful proceedings and means for recovering and realizing the said debts and advances and also to commence, prosecute and defend at law all actions, suits, claims, demands and disputes.

11.      To institute, prosecute or defend answer or defend, answer or oppose all actions, suits and other legal proceedings relating to the business of the Bank in any Civil or Criminal Court of Judicature in or outside India and therein to proceed to judgement or execution thereon or to transfer the decree in favour of the Bank and generally to do all such acts, deeds and things as the said officer shall think expedient.

Item No. Provision Details
   

12.   To manage or superintend the Management of all business and estates of whatever tenure to which the Bank is or may become possessed or entitled.

13.   To enter into leases except perpetual leases, to take effective possession of all or any of the freehold or leasehold properties of the Bank, to accept surrender of leases and tenancies and to demand, sue for, collect and give effectual discharges for rents and profits.

14.   With the previous sanction of the management from time to time to adjust, settle, withdraw, compromise or submit to a arbitration any demands, disputes and matters touching any of the matters aforesaid or any other matters which are subsisting or which may hereafter arise between the said Bank and any other person or persons.

15.   With the previous sanction of the management from time to time to compound and to accept part in lieu and in satisfaction for the whole of or compromise any debt or sum of money now or hereafter owing or payable to the Bank or any other claim or demand which the Bank has or to grant extension of time for the payment or satisfaction thereof upon such terms as may be deemed proper either with or without taking security for the same.

Item No. Provision Details
   

16. To obtain assignments or transfers in the name of the Bank, of Shares of Joint Stock Companies or Insurance Policies and also to reassign, transfer, sell or surrender the same for and on behalf of the Bank.

17. To pay calls upon Shares and to vote at any meeting of any company of which the Bank is a Shareholder.

18. To administer estates entrusted to the Bank as Executor, Trustee, Administrator and the like.

19. To prepare and file Income-Tax or other Tax Returns on behalf of Customers and to appear before all Income Tax Tribunals.

20. To Act for and on behalf of the Bank as Attorney of Customers either appointed specially or generally.

21. To represent the Bank for purposes of Company Law or any other Act or Law of the Government, Central or State, now in force or hereafter to come into force in accepting service, filing Returns and documents and to act in all matters relating to the same in or outside India whether the Bank has or may hereafter establish offices.

22. To appoint and employ Agents, including Advocates, Vakils, Pleaders or other Legal Practitioners, Overseers, Receivers or other persons at such remuneration by way of fees, salary, commission or otherwise as the above named Attorney may think proper and from time to time dismiss and discharge them and to employ or appoint any other in their stead.

Item No. Provision Details
   

23.   To do generally every thing requisite for all or any of the aforesaid purposes and also for other general Banking Business usually done by Joint Stock and other Banks.

24.    Generally to sign, execute, do and perform such instruments, indemnity bonds,    guarantees/ guarantee letters and other documents and all acts and  things as may be requisite or necessary.

41 b (iii)

The procedures followed in decision making process, including channels of supervision and accountability

There is a well defined system in the Bank regarding the decision making process. The Bank functions under the overall supervision and control of Board of Directors of the Bank to formulate the policies pertaining to the Bank’s functioning. For implementation of such policies, officers in various scales are delegated with powers depending on the hierarchy and the placement. All employees of the Bank in discharging their functions have to follow the Book of Instructions which covers the entire gamut of banking transactions. Wherever other functions are involved, they are governed by Manual of Instructions pertaining to each department. Apart from this, the Head Office is also issuing circular instructions from time to time conveying the changes in policies of the Bank for implementation by its officers. Officers, after due processing of the relevant subject matter/ papers, take decision on the merits. Any officer deviating from the laid down policies of the Bank is liable to be penalised under the Vijaya Bank Officer Employees (Conduct) Regulations, 1981 and Vijaya Bank Officer Employees (Discipline & Appeal) Regulations, 1981

Item No. Provision Details
   

1.   To do generally every thing requisite for all or any of the aforesaid purposes and also for other general Banking Business usually done by Joint Stock and other Banks.

2.    Generally to sign, execute, do and perform such instruments, indemnity bonds,    guarantees/ guarantee letters and other documents and all acts and things as may be requisite or necessary.

41 b (iii)

The procedures followed in decision making process, including channels of supervision and accountability

There is a well defined system in the Bank regarding the decision making process. The Bank functions under the overall supervision and control of Board of Directors of the Bank to formulate the policies pertaining to the Bank’s functioning. For implementation of such policies, officers in various scales are delegated with powers depending on the hierarchy and the placement. All employees of the Bank in discharging their functions have to follow the Book of Instructions which covers the entire gamut of banking transactions. Wherever other functions are involved, they are governed by Manual of Instructions pertaining to each department. Apart from this, the Head Office is also issuing circular instructions from time to time conveying the changes in policies of the Bank for implementation by its officers. Officers, after due processing of the relevant subject matter/ papers, take decision on the merits. Any officer deviating from the laid down policies of the Bank is liable to be penalised under the Vijaya Bank Officer Employees (Conduct) Regulations, 1981 and Vijaya Bank Officer Employees (Discipline & Appeal) Regulations, 1981

Item No. Provision Details
   

Further, our Bank has also evolved ‘Model Policy on Bank Deposits’ ‘ Bankers’ Fair Practice Code for Credit Card operations’ ‘Fair Practice Code for Bankers’ and ‘ Citizen’s Charter’ which are available on the bank’s website and at the branches/offices of the Bank. However, it should be noted that whether the sanction of a loan or not is the absolute discretion of the concerned sanctioning authority of the Bank and such discretion is exercised, after taking into consideration the relevant facts and circumstances of each case.

4.1 b (v)

The rules, regulations, instructions, manuals and records held by the Bank or under its control or used by its employees for discharging its functions.

The Bank has brought out a large number of ‘Manuals of Instructions’ Codified Circulars, Guidelines on Documentation, Scheme for Delegation of Powers, besides the periodical Circulars/Circular letters.   These are being used by the employees while discharging various functions.   These are all meant only for internal circulation.

4.1 b (vi)

A statement of the categories of documents that are held by the Bank or under its control.

These are mainly register of shareholders/record of the proceedings of the AGMs, Board Meetings and various committee meetings, documents executed by customers/borrowers/ guarantors, contracts with third parties, etc. These documents are all private information and can not be shared with the public.

Item No. Provision Details
   

All the branches of the Bank have been computerized and data is held in electronic form which may be provided to the concerned customers or the various authorities as provided in various Statues.

4.1 b (vii)

The particulars of any arrangement that exists for consultation with or representation by the members of the public in relation to the formulation of its policy or implementation thereof

Presently, the bank’s shareholders can raise issues concerning policies in the Annual General Meetings.   Further, the Bank’s quarterly results/annual results/reports are published for the information of public, as well as shareholders which would give an idea about the policies of the Bank and implementation thereof. The Bank has set up a Customer Service Committee at the level of the Board comprising the following members :

1. Chairman & Managing Director  Chairman of the committee
2. Executive Director Member
3. RBI Nominee Director Member
4. Non Official Director Member
5. Sri K Amarnath Hegde, (representing the customers) Member

One member is representing the customers of the Bank. The decisions of the Committee are placed before the Board of Directors of the Bank if any policy changes are involved

Item No. Provision Details
4.1 b (viii)

A statement of the Boards, Councils, Committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public or the minutes of such meetings are accessible for public

The Bank has constituted various committees of the Board:-

  1. Management Committee of the Board
  2. Audit Committee of the Board
  3. Directors promotion Committee
  4. Risk Management Committee
  5. Special Committee to review fraud cases of Rs.1.00crore & above
  6. Share Holders & Investors Grievances Committee
  7. Share Transfer Committee
  8. Customer Service Committee
  9. Remuneration Committee 
  10. Nomination Committee
  11. Committee to consider appeals preferred by employees against final orders issued by CMD as DA.
  12. H O Level Credit Approval Committee
  13. IT Strategy Committee
  14. Committee for monitoring recovery
  15. Supporting candidates in the election of share holder director in PSBs, FIs, and public sector Ins. Comp 
  16. Corporate Social Responisbility

 

 

 

 

NAME OF THE COMMITTEE (Position as on 02.07.2011)

MEMBERS

Management Committee 

1. Mr. V Kannan  (Chairman of the Committee)

2. Mr. Ramadas Shenoy.K, Executive Director

3.Mr. B. S Rama Rao Executive Director

4. Mrs. Suma Varma 

5.Mrs Bharati Rao  

6. Mr.. Ashok Gupta

7. Mr. H. Harish Ballal

8. Mr. Y Murulikrishna 

Audit Committee 1 Mr. P. Vaidyanathan - Chairman of the Committee

2. Mr. Ramadas Shenoy. K,Executive Director

3.Mr. B S Rama Rao, Executive Director

4. Mrs. Suma Varma 

5. Mrs   Bharati Rao 

 
Directors Promotion Committee

1. Mr. V Kannan  (Chairman of the Committee)

2. Mr. Ramadas Shenoy.K, Executive Director

3. Mr. B. S Rama Rao Executive Director

4.  Mrs. Suma Varma 

 

 

Risk Mgt. Committee

1. Mr. V Kannan   (Chairman of the Committee)

2. Mr. Ramadas Shenoy. K, Executive Director

3. Mr. B S Rama Rao, Executive Director

4. Mr. Murulikrishna 

5. Mr. P. Vaidyanathan 

6. Mr. Hariah Ballal

7. Mr. Ashok Gupta

Spl. Committee to review fraud cases of Rs.1 crore and above 1. Mr.  V Kannan     (Chairman of the Committee)

2. Mr. Ramadas Shenoy. K, Executive Director

3.Mr. B S Rama Rao, Executive Director

4. Mr.P. Vaidyanathan 

5. Mrs. Bharati Rao 

6.Mr. Murulikrishna
Share Holders and Investors Grievances Committee 1.. Mr. P Vaidyanathan (Chairman of the Committee) 

2. Mr. Ramadas Shenoy. K, Executive Director

3. Mr. B S Rama Rao, Executive Director

4. Mrs.Bharati Rao  

5. Mr. Ashok Gupta 

6, Mr. H. Harish Ballal  
Share Transfer Committee

1. Mr.  V Kannan     (Chairman of the Committee; in his absense Executive Director)

2.  Mr. H. Harish Ballal

3. Mrs. Bharati Rao 

 

Cust. Services Committee

1. Mr. V Kannan    (Chairman of the Committee)

2. Mr. Ramadas Shenoy. K, Executive Director

3. Mr. B S Rama Rao, Executive Director

4. Mr. Amarnath hegde- Member representing the Customers

5. Mr.Murulikrishna

6. Mr.Ashok Gupta   

Remuneration Committee 1.Mr.                  Chairman of the Committee)

2. Mrs. Suma Varma

3. Mrs. Bharati Rao

4. Mr. Ashok Gupta 
Nomination Committee

1. Mr. (Govt.Nominee -Chairman of the Comm) 

2. Mrs. Suma Varma

3. Mr. Ashok Gupta

Committee to dispose off appeals preferred by employees where the CMD is the Diisciplinary Authority 1.Mr. (Govt.Nominee)

2. Mrs. Suma Varma

3. Mr. Ashok Gupta

HO Level Credit Approval Committee

1. Mr.V Kannan, Chairman & MD (Chairman of the Committee) 

2. Mr. Ramadas Shenoy. K, Executive Director

3. Mr. B S Rama Rao, Executive Director

4. Mr.  B Shashidhar Hegde General Manager, Credit (O) 

5. Mr. Narayan Shetty , General Manager,Accounts .

6. Mrs. Nirmala Sridhar General Manager,Risk Mgt
IT Strategy Committee 1. Mr.V Kannan, Chairman & MD (Chairman of the Committee)

2. Executive Director incharge of IT

3. Mrs. Bharati Rao

4. External IT Expert Prof. Sadagopan

 

Committee for monitoring recovery

1. Mr.V Kannan, Chairman & MD (Chairman of the Committee) 

2. Mr. Ramadas Shenoy. K, Executive Director

3. Mr. B S Rama Rao, Executive Director

4.
Corporate Social Responsibility

1. Mr.B.S Rama Rao, ED - Chairman of the Com

2. Mrs. Bharati Rao, Director - Member

3. Mr.H.Harish Ballal, Director - Member

Supporting candidates in the election of share holder director in PSBs, FIs, and public sector Ins. Comp.

1.Mr.V Kannan, Chairman & MD (Chairman of the Committee) 

2. Mr. Ramadas Shenoy. K, Executive Director

3. Mr. B S Rama Rao, Executive Director

4. Mr. Ashok Gupta

 

Management Committee Board



The Management Committee of the Board has been constituted to consider various business matters of material significance like sanction of limits whether fund based or non fund based twice the limits enjoyed by the Chairman & Managing Director, Compromise/write off, sanction of capital and revenue expenditure, premises, investments, donations, etc. The committee exercises such powers as may be delegated to it by the Board with the approval of Central Government and concurrence of RBI. The management committee consists of the following Directors as members:-

  1. Chairman & Managing Director
  2. Executive Director
  3. Non - Official Director appointed under CA category [ Permanent member ]
  4. Three Non-Official Directors for a period of 6 months, each on rotation basis.

Audit Committee of Board (ACB)



The ACB provides direction as also overseas the operation of the total audit function in the Bank. Comprising the organisation and quality control of internal audit and inspection within the Bank and follow up the statutory/external audit of the Bank and inspections of RBI. The committee specially focuses on the follow up on

  1. Inter branch adjustment a/cs
  2. Unreconciled long standing entries in Inter Branch accounts & NOSTRO accounts
  3. Arrears in balancing of books at various branches
  4. frauds
  5. major areas of house keeping. The Audit Committee of the Board comprises of 5 Directors, with Non-Executive Independent Director with financial knowledge as the Chairman of the Committee.

Audit Committee Board



The committee consists of the following Directors :-

  1. Sri. V Kannan- Chairman of the committee.
  2. Executive Director - Member
  3. Govt. Nominee Director - Member
  4. RBI Nominee Director - Member
  5. One Non-Official Director - Member

The functions of Audit Committee includes the following:-

  1. Overseeing the Bank’s financial reporting process and ensuring correct, adequate and credible disclosure of financial information.
  2. Reviewing with the Management, Financial statements with special emphasis on accounting policies and practices, compliance of accounting standards and other legal requirements concerning financial statements, qualifications in the audit report, compliance with stock Exchange guidelines and legal requirements concerning financial institutions, related party transaction, etc.
  3. Reviews the findings of investigation by the internal auditors in the matters where fraud is suspected or irregularity or failure of internal control system is observed and suggests strengthening of control mechanism.
  4. Interacts with Statutory Central Auditors before the finalization of the annual/half yearly and quarterly accounts and reports, focusing on the changes in accounting policies and practices and qualifications in the draft Audit Report.
  5. Looking into the reasons for substantial defaults in the payments to the depositors, shareholders, debenture holders and creditors, if any.

Shareholders/Investors Grievances Committee



The Shareholders/Investors Grievances Committee has been constituted by the Bank with the purpose of redressal of shareholders and investors complaints on the matters of their interest with the following nominees as members of the committee.

  1. Shareholder Director … Chairman of the Committee
  2. Executive Director - Member
  3. Shareholder nominee Director - Member
  4. Shareholder nominee Director - Member

Share Transfer Committee



The Bank has constituted a Share Transfer Committee of Directors with Chairman & Managing Director or Executive Director (in the absence of C&MD) and one Shareholders Nominee Directors & one Non-Official Director, as its members. The committee meets once in 15 days with a view to effect speedy transfer of shares.

Risk Management Committee



To devise Risk Management policies and strategies for integrated risk management in the Bank, the Bank has constituted the Risk Management Committee of the Board, consisting of the following members:-

    Chairman & Managing Director Executive Director Three Directors [ Non-Official / Shareholder Directors ]

Committee to Review Fraud Cases



With a view to provide focused attention on monitoring of frauds involving amounts of Rs.1 crore and above, a committee of the Board to monitor large value frauds has been constituted in terms of the guidelines of RBI. The committee consists of the following Directors :-

    Chairman & Managing Director Executive Director Three Directors [ Non-Official / Shareholder Directors ]

Customer Service Committee



Pursuant to directives of RBI, Customer Service Committee has been constituted with the following directors as members:-

    Chairman & Managing Director, Chairman of the committee. Executive Director. - Member RBI Nominee Director. - Member one Non-Official Director. - Member Shri T Rudrappa, representing the customers. - Member

Committee to settle Election Disputes under Regulation 67 of Vijaya Bank (Shares & Meetings) Regulation 2003

  1. Chairman & Managing Director
  2. Govt. Nominee Director
  3. RBI Nominee Director

Directors Promotion Committee



A Special Committee was formed in terms of Regulation 19 (2) of the Vijaya Bank (Officers’) Service Regulation 1982 to review the cases of executives in SMG Scale V and above. The committee overseas disciplinary cases and promotions of top executives (Scale VII) of the Bank. It was constituted for the purpose of review and retirement of Officer employees on or at any time after the completion of 55 years of age or at any time after completion of 30 years of total service. The committee comprises of Chairman & Managing Director, Executive Director, Government Director and the Reserve Bank of India Director.

Remuneration Committee



The Committee was formed in terms of Government of India Guidelines dated 9.3.2007 . It was constituted for the purpose of Performance Evaluation Matrix of Whole Time Directors (Chairman & Managing Director and the Executive Director). The Committee comprises of Governmane Nominee Director, RBI Nominee Director,two Non Official Directors .

Nomination Committee



The Board to determine the 'fit and proper' status of existing elected directors/persons to be elected as Directors under Section 9(3)(i). The committe comprises of Government Nominee Director, RBI Nominee Director, Non Official Director appointed under Chartered Accountant Category.

Committee to dispose off appeals preferred by employees where the CMD is the Diisciplinary Authority

  1. Mr.V K Chopra
  2. Mrs. Suma Varma

HO Level Credit Approval Committee

  1. Mr. V Kannan, Chairman & Managing Director
  2. Mr. Ramadas Shenoy.K , Executive Director
  3. Mr.B.S Rama Rao, Executive Director
  4. General Manager in-charge of Accounts 
  5. General Manager, in charge of Risk Mgt.
  6. General Manager, Credit (O) Member / Convenor 

Note



None of the meetings of the Board of Directors or Committees are open to public and the minutes of such meetings are also not accessible to the public.

Item No. Provision Details
4.1 b (ix) A directory of its officers and employees

Since the number employees is quite large and they are subject to transfer, it is not possible to publish the list of officers/ employees and keep the same updated from time to time.   Any person interested in seeking the information about any officer or employee of the Bank can approach the Public Information Officer/Asst. Public Information Officer at the Regional/Head Office level.

4.1. b (x) The monthly remuneration received by each of its officers and employees including the System of compensation as provided in its regulation. The pay scales of employees/ officers are as under:-
Subordinate Staff
4060 105 4270 115 4500 135 4770 165
2 2 2 3
5265 195 6045 235 6750 270 7560  
4 3 3
Clerical Staff
4410 215 5055 335 6060 470 7940 500
3 3 4 3
9440 560 11680 970 12650 560 13210  
4 1 1

Officers/Executives Scale I – Rs.10000-470/6-12820-500/3-14320-560/7-18240   Scale II- Rs.13820-500/1-14320-560/10-19920   Scale III-Rs.18240-560/5-21040-620/2-22280   Scale IV-Rs.20480-560/1-21040-620/5-24140

 

Item No. Provision Details
4.1 b (xi) The budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made.

There are no plans and budgets for expenditure of public money and disbursements and this provision is not applicable to Vijaya Bank.

4.1 b (xii) The manner of execution of subsidy programmes including the amounts allocated and the details of beneficiaries of such programmes.

The Bank is not providing any subsidy in its deposit/ lending operations. In implementation of Govt. schematic schemes, the Bank receives subsidy from Govt./ Govt. agencies, which will be disbursed to beneficiaries of such loans in accordance with the scheme framed by Govt./ Govt. agencies

4.1 b (xiii) Particulars of recipients of concession, permits or authorizations granted by it.

There are no programmes in the Bank for grant of concessions, permits, authorizations, etc.

Item No. Provision Details
4.1 b (xiv) Details in respect of the information available to or held by it reduced in an electronic form.

All the general information regarding deposits, advances and other services offered by the Bank are already available in the bank’s website.

4.1 b (xv) The particulars of facilities available to citizens for obtaining information, including the working hours of a library or reading room if maintained for public use.

Detailed information about the Bank, its products/services are available in the bank’s website. The public can also approach the Branch Managers for further clarification/guidance. The public can also approach the Public Information Officer/Asst. Public Information Officer at Head Office/Regional Office levels for any other details which are not available in the bank’s website.  

4.1 b (xvi) The names, designations and other particulars of Public Information Officers

The names, designations and other particulars of Public Information Officers/ Asst. Public Information Officers are furnished below:-

DESIGNATING NAMES OF EXECUTIVES AS CENTRAL PUBLIC INFORMATION OFFICERS / CENTRAL ASSISTANT PUBLIC INFORMATION OFFICERS

Sl. No. Head  Office

address of  the Head Office
Jurisdiction Public Information Officer & Designation , Phone No. & e-mail address
    Sriyuths  
1 Head Office 
41/2, M G Road
BANGALORE  
560 001      
Head Office
Mr. S. Dheerendra   
Deputy General Manager   
Vijaya Bank, Head Office 41/2,
M. G. Road Bangalore - 560001
Ph: 080 -25584066
e-mail: dgmlegal@VIJAYABANK.co.in 
 

APPELLATE AUTHORITY

  • HEAD OFFICE, BANGALORE :  

            Mr. D Pradeep Naik, General Manager ,

            Credit (Legal and R&R) Dept. Vijaya Bank,

            Head Office 41/2, M.G. Road,

            Bangalore - 560001

            Ph: 080-25598043 (direct)

            080-25584066 Extn. 333

            E-mail ID: pradeepnaik@VIJAYABANK.co.in

TRANSPARENCY OFFICER

  • HEAD OFFICE, BANGALORE : 

           Mr.Ananta Charan Swain

           General Manager

           Vijaya Bank,

           Head Office

           41/2, M.G. Road

           Bangalore - 560001

           Phone: 25584066 Extn. 234

           Fax : 080 - 25598018

 

Item No. Provision Details
4.1 b (xvii) Such other information as may be prescribed Details of Public Grievances Redressal Mechanism as existing in our bank are furnished below:-

Public Grievances Redressal Mechanism

Our Bank is committed to provide high quality customer service and has accorded top priority to timely redressal of customer grievances. We have set up an exclusive customer grievance redressal section attached to our Central Inspection Department at Head Office during September, 2002 to monitor the redressal of complaints received from customers. The Department is headed by a General Manager, who is the nodal officer for customer grievances.

Our aim is to respond to complaints with efficiency, courtesy and fairness at all levels. The customer can make a complaint over telephone, in person, by mail or e-mail. Salient features of the system are as under:

  • At the branch the head of the branch attends to customer complaints personally. A Complaint book with perforated acknowledgement is available at every branch and a notice about the availability of the Complaint Book is displayed at the branch. Every effort is made to redress the grievance within a period of 7 days, if necessary by personally contacting the complainant. If the branch manager cannot settle the grievance at his level, he seeks guidance from the controlling authorities and if necessary, arranges for a meeting of the complainant with the Regional Head to sort out the issue. In case the matter is still not settled, the Head Office intervenes through Deputy General Manager/General Manager who will initiate steps to settle the issue, if necessary by making a visit to the branch or the complainant.
  • When a complaint is received at the Regional Office, it is acknowledged by the Regional Head who will settle the issue/redress the grievance either personally contacting the branch or by correspondence and, if necessary, by personal visits to the complainant. If the complaint is not settled, the matter is taken up with the Head office who will take immediate steps to settle the issue amicably.
  • The name, designation, address, telephone/fax number of the respective Regional Head and the Nodal Officer dealing with customer grievances/ complaints at HO level, are prominently displayed at all branches.
  • A chapter dealing with Redressal of complaints is included in "Citizen's Charter", wherein detailed guidelines are available to the general public as to the offices to be contacted for redressal of grievances and the channels available for speedy redressal of grievances. The Website of the bank contains details of various activities of the Bank viz: Management, Financials, Branch net work, ATM Centres, NRI branches, various kinds of services available with relevant applications, forms which the general public can download for their use. The information available in the website is updated periodically.
  • The name, address and telephone numbers, both official and residential of the Nodal Officer attending to Public Grievances is placed on the website of the bank. We are conscious of the need for effective public grievance redressal mechanism and it is our endeavour to constantly improvise on the efficacy of the system to minimize the number of complaints as well as redressal time.


DESIGNATING NAMES OF EXECUTIVES AS CENTRAL PUBLIC INFORMATION OFFICERS & APPELLATE AUTHORITY FOR REGIONAL OFFICES

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