24h June, 2016 Bangalore: The Sixteenth Annual General Meeting of the Shareholders of Vijaya Bank was held on 24th June, 2016 at 10.00 a.m. at Mulki Sunder Ram Shetty Auditorium at Vijaya Bank, Head Office, Bangalore.
Speaking to the shareholders on the occasion, Shri Kishore Sansi, Managing Director and CEO, Vijaya Bank said that the Bank is on its important growth and transformation phase and has drawn comprehensive strategies to strengthen its retail banking operations along with its expansion plans and also its commitment to enhance its financial solvency and the quality of its asset portfolio. The Business strategy also remains focused on effective control over risks and maintaining a long term growth for the benefit of all the stakeholders.
Vijaya Bank, one of the premier nationalized banks in India, has been part of the economic growth of the country for the last eight decades by extending its support to critical and productive segments of the economy. As at 31.03.2016, the Bank has a total business of Rs. 2,16,206 crore, consisting of Rs. 1,25,441 crore of deposits and Rs. 90,765 crore of advances. During the year the Bank has posted a net profit of Rs. 382 crore. The Bank added 246 during the year to take the branch network to 1863. 4 New Regional Offices are opened during the year with that total number of Regional Offices reached 31. He further added that going forward, the Bank will continue to invest in sustainable business and build on a strong foundation in order to accelerate growth across key business verticals.