<p>Speaking to presspersons here on Saturday, Gen Next braches are exclusely for those youth who do not have time to attend the banking system. In the Centre, all banking transactions are carried out through teller machines. This is an attempt to attract tech savy youth. </p>.<p>Financial inclusion<br /><br />The CMD said: “We have been allotted 408 villages and have completed the process in 260 villages under financial inclusion. We are planning to complete the process of financial inclusion in all the targetted villages above 2000 population before January 2012. In fact, we have started credit linking of those needy persons who are included under financial inclusion.” Loans worth Rs 21 lakh was disbursed under credit linking to the villagers of Keyur in Kumbra (Puttur) in Dakshina Kannada on Saturday, he added. <br /><br />The Bank is also planning to open five to eight Micro Financing branches to meet the credit requirements of urban population under financial inclusion. The micro financing branches are helpful in undertaking poverty alleviation programmes, he added. <br /><br />Branches<br /><br />The CMD said that bank is planning to open 100 new branches and 250 ATMs across the country during the current year. Most of the branches and ATMs will be opened on 80th Founders’ Day of the bank, i.e, on October 23.</p>.<p>Target<br /><br />He said the bank aims to reach a business level of Rs 1,53,000 crore, with a y-o-y growth of about 25 per cent. To sustain the tempo of credit growth with focus on retail, he said revamped RACPC (Retail Asset Credit Processing Cell) and newly opened SME cells will give added thrust to retail asset growth. Five more Micro, Small and Medium Enterprises centralised processing centres will be started in 2011-12. <br /><br />The Bank will continue thrust on maintaining the yield on advances by encouraging retail lending, credit to SSI/SME segment, agriculture and infrastructure sectors. The bank plans to contain the net Non Performing Assets (NPA) to be within 1 per cent (present 1.65%). The bank has fully adopted a system-driven NPA identification process, he informed. <br /><br />Special campaign will be started for adding retail clients both on assets and liabilities side. The Bank has started cash incentive scheme to enthuse all employees of the bank to participate in the loan recovery process. <br /><br />“We organise one recovery camp in a week in any of the branches,” Kamath added. ‘Saving Utsav’ will be launched in all the branches from October 1. <br /><br />He said emphasis will be given on mobilising low cost deposits / core term deposits to improve share of low cost deposit and to reduce the dependence on bulk deposits. <br /><br />Stating that Vijaya Rural Development Foundation will go on outreach programme by opening new VDC, he said new schemes are implemented as a part of their Corporate Social Responsibility.<br /><br />Kamath said the bank would increase CASA (current account savings account) share to 27 per cent by March, 2012. In 2010-11, CASA registered a growth of 21.32 per cent, the share being 25.25 per cent of total deposits. <br /><br />The Vijaya Bank has reached a total business of Rs 127000 crore.<br /></p>
<p>Speaking to presspersons here on Saturday, Gen Next braches are exclusely for those youth who do not have time to attend the banking system. In the Centre, all banking transactions are carried out through teller machines. This is an attempt to attract tech savy youth. </p>.<p>Financial inclusion<br /><br />The CMD said: “We have been allotted 408 villages and have completed the process in 260 villages under financial inclusion. We are planning to complete the process of financial inclusion in all the targetted villages above 2000 population before January 2012. In fact, we have started credit linking of those needy persons who are included under financial inclusion.” Loans worth Rs 21 lakh was disbursed under credit linking to the villagers of Keyur in Kumbra (Puttur) in Dakshina Kannada on Saturday, he added. <br /><br />The Bank is also planning to open five to eight Micro Financing branches to meet the credit requirements of urban population under financial inclusion. The micro financing branches are helpful in undertaking poverty alleviation programmes, he added. <br /><br />Branches<br /><br />The CMD said that bank is planning to open 100 new branches and 250 ATMs across the country during the current year. Most of the branches and ATMs will be opened on 80th Founders’ Day of the bank, i.e, on October 23.</p>.<p>Target<br /><br />He said the bank aims to reach a business level of Rs 1,53,000 crore, with a y-o-y growth of about 25 per cent. To sustain the tempo of credit growth with focus on retail, he said revamped RACPC (Retail Asset Credit Processing Cell) and newly opened SME cells will give added thrust to retail asset growth. Five more Micro, Small and Medium Enterprises centralised processing centres will be started in 2011-12. <br /><br />The Bank will continue thrust on maintaining the yield on advances by encouraging retail lending, credit to SSI/SME segment, agriculture and infrastructure sectors. The bank plans to contain the net Non Performing Assets (NPA) to be within 1 per cent (present 1.65%). The bank has fully adopted a system-driven NPA identification process, he informed. <br /><br />Special campaign will be started for adding retail clients both on assets and liabilities side. The Bank has started cash incentive scheme to enthuse all employees of the bank to participate in the loan recovery process. <br /><br />“We organise one recovery camp in a week in any of the branches,” Kamath added. ‘Saving Utsav’ will be launched in all the branches from October 1. <br /><br />He said emphasis will be given on mobilising low cost deposits / core term deposits to improve share of low cost deposit and to reduce the dependence on bulk deposits. <br /><br />Stating that Vijaya Rural Development Foundation will go on outreach programme by opening new VDC, he said new schemes are implemented as a part of their Corporate Social Responsibility.<br /><br />Kamath said the bank would increase CASA (current account savings account) share to 27 per cent by March, 2012. In 2010-11, CASA registered a growth of 21.32 per cent, the share being 25.25 per cent of total deposits. <br /><br />The Vijaya Bank has reached a total business of Rs 127000 crore.<br /></p>
