Total business of the Bank as on 30.09.2012 is at Rs.144997 Crore against Rs.132106 Crore for the half year ended on 30.09.2011. Deposits of the Bank improved to Rs.85194 Crore as on 30.09.2012 against Rs.77802 Crore as on 30.09.2011 up by 9.50%. This is in spite of shedding the bulk deposits / CDs aggregating to around Rs.7165 Crore. Advances of the Bank as on 30.09.2012 were at Rs.59803 Crore against Rs.54304 Crore as on 30.09.2011 up by 10.12%.
Priority sector advances of the Bank increased to Rs.17828 Crore as on 30.09.2012 from Rs.15044 Crore as on 30.09.2011 registering a growth of 18.51%. Within the priority advances, agricultural loans increased to Rs.5914 Crore from Rs.4795 Crore up by 23.33% and loans to MSME sector clocked a 26.13% growth to reach Rs.9401 Crore. Loans to weaker sections stood at Rs.4778 Crore and loans to women beneficiaries stood at Rs.4207 Crore. Capital to Risk Weighted Assets ratio ( Basel II) stood at 12.70% as at September 30, 2012 which is above the RBI stipulated minimum ratio of 9%. CRAR as on 30.09.2012 comprises Tier-I ratio of 9.54% and Tier II ratio of 3.16%.
Major developments during the quarter:
Received the Sunday Standard (Indian Express Group) FINWIZ 2012 – Best Banker award under the category – “Best Banker in Customer Friendliness”. Received Best Performance Award for the functioning of our Rural Self Employment Training Institutes (RSETIs) for our VIBSETIs (Vijaya Bank Self Employment Training Institutes). Total number of branches reached 1316 Total number of ATMs reached 754 V- Vaibhav a one year deposit scheme has been launched. V – Samman a senior citizen deposit scheme launched. V- Parivar family saving bank account launched. New loan products, V-Dhanvatari for financing medical practitioners, V-Vidyavahini for financing buses for student/employee transport facility, V-Dhanya Exclusive facility for Rice and Dhall Mills have been launched. The Bank has completed FI in all the 407 villages allotted to the Bank on pan India basis with above 2000 population. We have adopted BC model to cover 377 villages and for 30 villages Brick and Mortar model is adopted. In Karnataka the Bank has completed FI in all the 325 villages with above 2000 population allotted to us. 277925 accounts under the Vijaya Smart Card Savings Bank accounts have been opened.
GUIDANCE :
Bank targets to reach a business level of Rs.165000 Crore. To open at least 100 new braches during the current year and to expand the ATM net work further. To improve the core earnings by concentrating on CASA and retail loan products. Continuous monitoring of the credit portfolio to curtail fresh slippages. To make concerted efforts for recovery / upgradation of delinquent borrowal accounts. To increase the fee based income through various sources. To reduce bulk and Certificate of deposits further.
