The Vijaya Bank with a business turnover of Rs.1.46 lakh crore at the quarter ending June 2012, proposes to open 75 more branches in the next 24 months and of them five will be opened in Vijayawada region, the bank chairman H.S. Upendra Kamath has said.
The bank chairman told reporters here on Monday that the first quarterly results of the bank will be announced on July 25 after the Board of Directors’ meeting, but the profit of the bank had grown by 11 per cent in the last fiscal compared to the previous year rising from Rs.524 crore to Rs.581 crore.
The bank with an 8 million client base has only 10 per cent customers on the Internet and mobile platform utilising its services, but ATMs were the most sought after and all the villages covered by it under financial inclusion would get an ATM eventually, he added.
Currently the bank has 1,300 branches in India and only 700 ATMs, which would be slowly increased to 1:1 ratio.
In Vijayawada region there will be five new branches and 20 new ATMs coming up in the next one year.
As part of reaching out to the people in remote villages, it was opening ultra small branches and had opened 200 so far and proposes to open 200 more this fiscal.
The gross non-performing assets had risen from Rs.1,259 crore to Rs.1,718 crore, but the increase was lower than the all banks average of 41 per cent, he observed.
