Comments
Vijaya Bank has drawn up comprehensive strategies to strengthen its retail banking operations and improve the quality of assets to enhance financial solvency, said G Narayanan, Chairman of the bank.
Speaking at the 17th Annual General Meeting of the shareholders of Vijaya Bank, Narayanan said the bank had posted excellent financial results during 2016-17 despite a challenging business environment.“The business strategy also remains focused on effective control over risks and maintaining a long-term growth for the benefit of all the stakeholders,” he explained. Kishore Sansi, Managing Director and CEO, Vijaya Bank, said as of March 31, 2017 the bank had notched up total business of ₹2,29,833 crore, consisting of ₹1,33,012 crore deposits and ₹96,821 crore advances.
During the year, the bank posted net profit of ₹750.48 crore. The bank added 170 branches to take the network to 2,031 branches.
He said the bank will continue to invest in sustainable business and build on a strong foundation in order to accelerate growth across key business verticals.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.