The board of directors of Vijaya Bank approved financial results of the Bank for the Quarter/ year ended 31st March 2014.
On year-on-year basis, total business reached an all time high level of Rs.206721 crore up by 23% against Rs.167531 cr for the period ended March 31st 2013, up by 23.39%. MSME advances registered a growth of 24% and retail advances by 16%. Net Profit for the Quarter ended March’14 is Rs. 136 cr.
Gross NPA rose to 2.41% compared to previous non performing quarter of 2.17% but there was an improvement compared to Q3 which was2.67.
The Bank opened about 153 new branches during the year out of which 60 were in semi urban areas and 58 in rural areas. Hence the total number rose to 1512 and the no. Of ATMs reached 1528.
As a part of CSR activities, the bank is engaging in adopting a child from each village where a new branch has been opened. Its been also donating ceiling fans and ambulances for the hospitals.
