A recent press report said that Vijaya Bank has begun the process of increasing loan repayment periods in order to help retail borrowers come out of the possible financial stress following the increase in interest rates in the recent months. The banks retail portfolio includes home loan, mortgage loan, personal loans, vehicle loans, Vijay professional loan, Vijaya Swashakti etc.
Reports said that Mr. H.S. Upendra Kamath, Chairman and Managing Director of the bank, said this while delivering a talk on MSME and general banking issues at Kanara Chamber of Commerce and Industry (KCCI). He said that the Government has asked bankers to help retail and MSME borrowers in case they need any support. He also said that it is left to the individual banks to draw up various measures in their wisdom.
Vijaya Bank has the highest number of branches in its home state Karnataka. It is one among the few banks in the country to take up principal membership of VISA International and MasterCard International. In line with the prevailing trends, the bank has been giving greater thrust towards technological upgradation of its operations. The bank has network of 1200 branches, 49 extension Counters and 551 ATMs, 789 centers, covering 100 % of Bank’s business.