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Friday, November 6, 2015

Vijaya Bank opens Retail Assets Processing Centre at Ahmedabad

Vijaya Bank plans to increase its branch network in the Ahmedabad Region by adding three more branches during this financial year. The bank plans to scale up its business from Rs. 5,191 crore as of September 2015, to cross Rs. 7,000 crore by the end of the fiscal.

At the launch of Retail Assets Centralized Processing Centre (RACPC) at the Regional headquarters at Ahmedabad, A Murali Krishna, Deputy General Manager and Regional Head, Vijaya Bank, informed that the bank plans to more than double its home loan advances from Rs. 38 crore last year to Rs. 75 crore this fiscal. The average ticket size for home loan at Ahmedabad Region is Rs. 14 lakh.

The Ahmedabad Region has nearly 100 per cent credit deposit ratio. In its total advances portfolio of Rs. 2,500 crore currently, corporate advances stands at Rs. 1,200 crore. Retail segment advances stand at Rs. 347 crore, which the bank expects to increase to Rs. 450 crore.

Source : Thehindubusinessline


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