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Vijaya Bank, which added 246 branches last year, aims to have 2,000 branches by March 2017, from the current 1,863.
The bank is also targeting business of ₹2.50 lakh crore.
The bank has 49 extension counters and 1,651 ATMs, Kishore Kumar Sansi, Managing Director and Chief Executive Officer, said.
CSR policyHe was speaking to mediapersons here on Friday at an event, as part of the bank’s Corporate Social Responsibility (CSR).
Sansi said the bank has a robust CSR policy which aims at creating infrastructure and providing support to the needy and marginalised sections for their development on sustainable basis.
Sansi said the bank currently has business of over ₹2.16 lakh crore. In the last financial year it registered 23 per cent increase in operating profit.
“We have shown quarterly operating profit of ₹71 crore and annual profit of ₹381 crore,” the CEO said.
Retail credit“Last year, in spite of the gloomy economic scenario, we were able to register one of the largest growths in retail credit,” Sansi said.
The bank’s retail credit has shown a growth of 26 per cent.
“Our housing loan segment has grown 34.11 per cent while our vehicle loans segment has grown 33.4 per cent,” Sansi said.
He said the bank is among the highest capitalised with a capital to risk weighted assets ratio (CRAR) of 12.58 per cent against the minimum 9.25 per cent fixed by the Reserve Bank of India.
“It indicates that fundamentally we are strong and we can grow without external support of the Government of India,” Sansi said.
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