Vijaya Bank sees over 25% growth

by Richard Kilner

Story link: Vijaya Bank sees over 25% growth

Today Prakash P Mallya, chairman and managing director of Vijaya Bank, revealed that the bank had achieved growth of over 25%, surpassing its targets for the year.

In line with the first estimates, it recorded Rs 78,300 crore worth of business in the last financial year, beating its target of Rs 76,000 crore by 2,300.

At the inauguration ceremony of the bank’s 1051st branch, Mallya revealed that deposits had soared by 25%, and that advances had risen by even more, growing by 26% over the course of the year.

He went on to state that the bank’s newest target was to exceed 1,200 branches, with an aim of adding 150 in the present financial year.