Bengaluru, 30th Oct, 2018:
The 88th Foundation Day of Vijaya Bank was celebrated with great festivity, joy and fervor today at its Head Office and in all its Regional Offices and Branches.
Established on 23rd October, 1931, Vijaya Bank is one of the premier Nationalized Banks in the country. Having a total business of over Rs. 3,00,000 crores, the Bank has been at the forefront in ushering a new era of growth and all round progress and is one of the banks having least NPA & highest NIM. It is also consistently making profit year after year.
The Highlights of the performance of the Bank for the Half Year ended September 2018 are as follows:
The Total Business of the Bank grew by 30.23%.
Gross Advances was up by 36.98%.
Total Deposits increased by 25.47%.
Housing Loan portfolio increased by 31.13%.
Retail Credit grew by 26.67%.
With Gross NPA at 5.86% and Net NPA at 3.81% as on Septemeber-2018, the Bank has one of the best asset quality amongst Public Sector Banks.
Provision Coverage Ratio of the Bank improved to 62.65% from 59.29% on a YOY basis.
At CRAR (BASEL III) level of 13.56%, the Bank is adequately capitalized.
The share of Retail Credit to Gross Advances of the Bank stood at 30.85% as on 30.09.2018.
CD Ratio improved from 70.52% as on Sep-2017 to 76.98% as on Sep-2018.
Shri. G Padmanabhan, Former Executive Director, RBI delivered the annual Mulki Sunder Ram Shetty Memorial Lecture on Cryptocurrency and Blockchain. Shri R A Sankara Narayanan, Managing Director and CEO, Shri Y Nageswara Rao, Executive Director and Shri Murali Ramaswami, Executive Director addressed the gathering in a glittering function, which was attended by large number of customers, officials of RBI, Top Executives of other Banks and staff members.
City Today News
(Tj vision media)