2017-08-10 :Vijaya Bank expects loan growth at 7-8 per cent in FY18
After seeing the deterioration in its asset quality in the current FY18, the bank is planning to achieve strong improvements in loan growth and advances. Loan growth expected to come from micro, small and medium enterprises (MSMEs), retail and mid-corporate sector segments.
2017-08-08 :Vijaya Bank revises MCLR rate
Vijaya Bank has slashed its marginal cost based lending rate (MCLR). For overnight and one month maturities, the rate has been revised to 8.10 per cent, 8.10 per cent while for three month maturities the new MCLR rate is and 8.20 per cent respectively. The new MCLR rate for six month and one year is 8.60 per cent and 8.65 per cent respectively. The new MCLR rates are effective from 7th August, 2017.
2017-07-24 :Vijaya Bank reports 57 per cent growth in net profit at Rs. 255 crore
Vijaya Bank has reported a significant growth of 57 per cent in its net profit at Rs. 255 crore during the first quarter of FY18 as against Rs. 162 crore during the corresponding quarter of the previous fiscal year. Strong improvements in profits have been driven by repricing of the deposits and strong growth in the bank’s retail lending disbursals and portfolio.
2017-07-19 :Vijaya Bank inaugurates its 52nd branch in Visakhapatnam
Public sector lender, Vijaya Bank has inaugurated its 52nd branch in Visakhapatnam at Narsipatnam road in the city. The bank has further plans to add 2,133 bank branches to its network on 12th August, 2017 by launching 100 more bank branches at various places in the country on the same day.
2017-07-18 :Vijaya Bank to set up 50 more branches in Andhra Pradesh
Vijaya Bank is planning to establish 50 more branches in Andhra Pradesh in the next two years in addition to its existing 115 branches. The bank has added 15 branches to its network in the current financial year and has set a target of increasing its branch network to 2033 branches by the year 2020.
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