A recent press report said that the Finance Ministry has considered distributing automated teller machines (ATMs) district – wise in order to make the ATMs viable for banks. The Ministry has felt that this move would reduce the cost of setting up the ATM infrastructure as well as it also guarantees the distribution. The banks… Read More »
A recent press report said that public sector lender Vijaya Bank had organized a home loan in order to benefit its customer base in getting home loans. Reports said that the carnival termed as ‘Home Utsav 2011’ also came as an event meant to mark the 80th anniversary of the south based lender. The event… Read More »
A recent press report said that Vijaya Bank has taken up the development of a circle in Mangalore city named after its founder chairman. Reports said that the Dakshina Kannada Deputy Commissioner, Dr N.S. Channappagowda, laid the foundation stone for the development of A.B. Shetty Circle in Mangalore city. A bank has taken up beautification… Read More »
A recent press report said that Vijaya Bank has started the process of increasing loan repayment periods in order to enhance retail borrowers come out of the possible financial stress following the increase in interest rates in the recent months,. Mr. H.S. Upendra Kamath, Chairman and Managing Director of the bank, said about the extension… Read More »
A recent press report said that Vijaya Bank had organized a mega Home Loan Mela – “Vijaya Bank Home Utsav 2011”, at Koramangala Indoor Stadium, Bangalore. Bank’s Chairman and Managing is addressing the gathering after inaugurating the mela. Also seen are Shri Veera Brahmoji Rao, General Manager, Bangalore North and Shri Hardeesh Kumar, General Manager,… Read More »
A recent press report said that Vijaya Bank, RACPC, regional office, Hubli, recently held a housing loan mela at the KIMS campus, Vidyanagar. The bank’s Regional Manager, Mr. B. A. Tata, who inaugurated the mela. He said that the bank has declared the year 2011-12 as “Year of retail business including priority sector” and has… Read More »
A recent press report said that Vijaya Bank has planned to recover its bad debts. Employees irrespective of the cadre can attempt the recovery of bad loans and they would carry an incentive, which will be a percentage of the recovered amount. The bank has doubled its recovery target of bad debts to Rs 1,000… Read More »
According to a recent press report Vijaya Bank’s net profits went down 58.5 per cent to Rs 54.23 crore, compared with Rs 130.92 crore in the corresponding quarter of the 2009-10 fiscal due to increase in the employee costs compared to the fourth quarter of the last fiscal. Mr H.S. Upendra Kamath, Chairman and Managing… Read More »
A recent press report said that Vijaya Bank has planned to centralise its loan processing activities under the retail and MSME segments, so as to reduce the turnaround time in sanctioning loans. Mr. H.S. Upendra Kamath, Chairman and Managing Director of Vijaya Bank said that the bank is planning to strengthen the credit delivery mechanism… Read More »