Vijaya Bank's new mobile banking

This service was inaugurated by Ashok Chawla, Union Finance Secretary to Government of India at a function at Delhi.

The service offers a host of facilities like balance enquiry, funds transfer and many more for the convenience and benefit of the Bank’s fast growing tech savvy customers.  

In his inaugural speech, Chawla expressed his happiness to observe that Vijaya Bank has already achieved   100 per cent core banking service its branches by March 2009. Bank’s CMD Albert Tauro assured that Vijaya Bank shall always strive for being ahead of its peers not only in technology initiatives but in the size and quality of contribution to various national priorities.

Merge PSU banks

Addressing the media Chawla said there is need for PSU banks to look for mergers and acquisitions in the next 5-10 years to achieve optimum economies of scale.

“Subject to synergy they (PSU banks) need to look at consolidation and merger,” he said. Merger is important so that they achieve balancesheet and asset size which corresponds to the need of country.