Bangalore-headquartered Vijaya Bank has decided to target business (deposits plus advances) growth of 19 per cent in FY 2015.
In absolute terms, the public sector bank’s business is expected to grow to ₹2,45,000 crore from about ₹2,06,000 crore as at March-end 2014.
The business growth target was set at the bank’s Business Plan Conference held last week at Bangalore. The conference was chaired by V Kannan, Chairman & Managing Director.
The bank, in a statement, said its total business crossed ₹2 lakh crore in FY14.
In FY2015, the bank will add 200 new branches, taking the total number of branches to 1,700. It will also have ATMs in all branches. Currently, the bank has about 1,500 ATMs.
Vijaya Bank has declared the current year as the “year of reorienting business for profitability,” the statement said.