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Bangalore, 25th April 2014: The total business of the bank crossed Rs 1.12 lac crores as on the March 2014, Retail business with retail deposits growing at a healthy rate at 24.5% during the year

 Bank  has covered 1672 villages with population below 2000 as against target of 1593  and SBM has been winner of the “ The Best Banker – Financial  Inclusion “ award.

 Under CSR programme  bank has donated Rs.1.57 crores to Kidwai Memorial Institute of Oncology for the construction of multi –disciplinary pediatric ward named “State Bank of Mysore Centenary Block” for augmenting facilities for treating children affected by cancer. The Bank also supported more then 2300 special activities with an outlay of Rs 457 lacs under Community Services and also the bank donated more then 6100 ceiling fans and 1500 water purifier on the occasion of teachers day and children’s day.

Business Plan Conference of Vijaya Bank

Business Plan Conference of Vijaya Bank was held at Bangalore on 25 & 26,  April 2014 to discuss & finalize the corporate goals of the Bank for the financial year 2014-15.  The Conference was attended by the Regional Heads of all the 26 Regions of the Bank besides the Executive Directors, General Managers and other functional heads of Head Office.  Addressing the meeting the Chairman & Managing Director of the Bank, Shri V Kannan analyzed the performance of the Bank and also outlined the broad contours of the corporate goals to be achieved for the current financial year besides listing out the strategies to achieve the same.  In the course of his address/presentation he touched upon various issues & made observations like,

 

  1.       2013-14 was a milestone year  for the Bank where the total business has crossed Rs.2 lakh crore and also total deposits crossed Rs.1 lakh crore.  Bank has also taken the branch network to 1500 with equal number of ATMs.
  2.       Added nearly 40000 crores to the business last year.
  3.       The Bank needs to grow more than the industry growth rate to improve its market share
  4.       Bank did well in MSME and retail advances.
  5.       Achievement should not be a flash in the pan, we should make it a habit;
  6.       The current year is declared as “Year of  reorienting business for profitability”.
  7.       We need to intensively build image for the bank.
  8.       The targeted business level for the year will be deposits – Rs. 1.45 lakh; advances – Rs. 1.00 lakh crore; total business Rs.2.45 lakh crore (with 19% growth) NIM 2.5%;  increase number of branches to 1700; ATMs for all branches; CASA at Rs.30000 crs
  9.       Aim to Lower the cost of deposits and improve the yield on deposits
  10.   200 new branches need to be opened in the first 9 months.

 Both Executive Directors of the Bank, Shri K R Shenoy and Shri B S Rama Rao also addressed the participants and reviewed the performance of Regions.  During the conference many performers & target achievers were honoured.  There was also a brainstorming session for the participants on some of the important issues concerning the functioning of the Bank & the participants discussed threadbare on the same and came out with clear strategies.