Vijaya Bank targets Rs 110 k cr business

Vijaya Bank CMD Albert Tauro opening a new branch.

The new Branch is at No 769, Prema Enclave at Kengeri Satellite.

Inaugurating the new premises, CMD said the bank’s total business reached about Rs 92,000 crore and it posted a net profit of Rs 143.38 crore in the first quarter of the current financial year.On the expansion front, he said, the bank’s network reached 1106 branches in the country and of which 443 branches are in Karnataka.

“Vijaya Bank has plans to raise its ATM tally to 500 from the present 400.  Bank also brought out NRI vision to bring Rs 5000 crore NRI deposits in the current financial year,” said Tauro. To compete with other new generation bank, Vijaya Bank’s SMS and mobile banking services will be fully activated within one month, he said.

With focus on branch banking and online alternative delivery channels, Vijaya Bank would achieve the year-end goal of Rs 1,10,000 crore of aggregate business, Tauro said.

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