Vijaya Bank's authorised capital doubles to Rs 3,000 cr
Bangalore-based public sector lender, Vijaya Bank has informed the Bombay Stock Exchange (BSE) that its authorised capital has been increased from Rs 1,500 crore to Rs 3,000 crore. The bank has a network of 1,132 branches in the country. - Sun TV up on restructuring plans - Nalco up on hike in prices - RIL makes third discovery in K-G block - BSE brokers express reservations on timing - Markets snap 3-day losing streak, Sensex up 91 points - Open offers for Great Offshore conclude The bank had reported a 7.3 per cent growth in its total business at Rs 95,878 crore for the quarter-ended September 30, 2009 compared to the same period last year. Deposits grew by 10.4 per cent to Rs 58,115 core, while advances were marginally up by 2.8 per cent to Rs 37,763 crore. Priority sector advances of the bank aggregated to Rs 13,344 crore. Within priority sector advances, agricultural loans were of the order of Rs 4,305 crore, while loans to MSME sector clocked a 18.87 per cent growth to reach Rs 4,895 crore. Vijaya Bank’s Casa (current account and savings account) portfolio constitutes 24 per cent of the deposits. The bank has been looking at increasing it further to 25 per cent by end of March 2010.personal credit commented:
Good to hear such increasement in capital of Vijaya bank.Hoping they will be benefited in future by this decision.Thanks for such post.
11.11.2011
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The bank opened 50 new branches including four micro finance branches taking the totral number of branches of 1250, he said and added 86 new ATMs have been installed raising their number to 643.
29.11.2011
payday loan commented:
This is a good news for vijaya bank share holders. All investors would be happy and they would be investing more and more money in vijaya bank.
30.11.2011
Trade Forex commented:
The Bank could post a decent all round improved performance following concerted efforts for improving the core earnngs and curtailing NPAs.
05.12.2011
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Good to hear such increasement in capital of Vijaya bank.Hoping they will be benefited in future by this decision.Thanks for such post.
09.12.2011