Vijaya Bank to open 15 gen next branches

September 4, 2011

Mangalore, September 4: Vijaya Bank Chairman and Managing Director H S Upendra Kamath said that the bank is planning to open about 12 to 15 Gen Next bank branches in this financial year.


Speaking to presspersons here on Saturday, Gen Next braches are exclusely for those youth who do not have time to attend the banking system. In the Centre, all banking transactions are carried out through teller machines. This is an attempt to attract tech savy youth.

Financial inclusion

The CMD said: “We have been allotted 408 villages and have completed the process in 260 villages under financial inclusion. We are planning to complete the process of financial inclusion in all the targetted villages above 2000 population before January 2012. In fact, we have started credit linking of those needy persons who are included under financial inclusion.” Loans worth Rs 21 lakh was disbursed under credit linking to the villagers of Keyur in Kumbra (Puttur) in Dakshina Kannada on Saturday, he added.

The Bank is also planning to open five to eight Micro Financing branches to meet the credit requirements of urban population under financial inclusion. The micro financing branches are helpful in undertaking poverty alleviation programmes, he added.

Branches

The CMD said that bank is planning to open 100 new branches and 250 ATMs across the country during the current year. Most of the branches and ATMs will be opened on 80th Founders' Day of the bank, i.e, on October 23.

Target

He said the bank aims to reach a business level of Rs 1,53,000 crore, with a y-o-y growth of about 25 per cent. To sustain the tempo of credit growth with focus on retail, he said revamped RACPC (Retail Asset Credit Processing Cell) and newly opened SME cells will give added thrust to retail asset growth. Five more Micro, Small and Medium Enterprises centralised processing centres will be started in 2011-12.

The Bank will continue thrust on maintaining the yield on advances by encouraging retail lending, credit to SSI/SME segment, agriculture and infrastructure sectors. The bank plans to contain the net Non Performing Assets (NPA) to be within 1 per cent (present 1.65%). The bank has fully adopted a system-driven NPA identification process, he informed.

Special campaign will be started for adding retail clients both on assets and liabilities side. The Bank has started cash incentive scheme to enthuse all employees of the bank to participate in the loan recovery process.

“We organise one recovery camp in a week in any of the branches,” Kamath added. 'Saving Utsav' will be launched in all the branches from October 1.

He said emphasis will be given on mobilising low cost deposits / core term deposits to improve share of low cost deposit and to reduce the dependence on bulk deposits.

Stating that Vijaya Rural Development Foundation will go on outreach programme by opening new VDC, he said new schemes are implemented as a part of their Corporate Social Responsibility.

Kamath said the bank would increase CASA (current account savings account) share to 27 per cent by March, 2012. In 2010-11, CASA registered a growth of 21.32 per cent, the share being 25.25 per cent of total deposits.

The Vijaya Bank has reached a total business of Rs 127000 crore.

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News Network
January 9,2020

Mangaluru, Jan 9: Customs officials seized 1.575 kg gold, worth about, Rs 63 lakh from three passengers who arrived from Dubai here at Mangalore International Airport on Thursday.

Official sources said that in the first incident, three days back gold weighing 336.7 grams was found in possession of an inbound air passenger. The passenger who arrived by Air India flight from Dubai had concealed the gold in his socks. The value of the seized gold is estimated to be Rs 13.43 lakh.

In the other two instances that took place on January 7, gold weighing 1239 gram and worth about Rs 50.3 lakh was confiscated from two passengers who arrived from Dubai by Air India flight. One of the passengers had attempted to smuggle 523 gram gold in paste form.

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News Network
July 23,2020

Bengaluru, July 23: The High Court of Karnataka has directed the state government to formulate Standard Operating Procedure (SOP) for child protection, particularly for cases of child pornography and child missing.

A division bench comprising Chief Justice Abhay Shreeniwas Oka and Justice M Nagaprasanna passed a detailed order and asked the state government to submit compliance within three months.

The division bench passed the order on two PILs, including a suo motu litigation registered in 2018. The PILs were registered to ensure effective implementation of the directions of the Supreme Court on the Juvenile Justice (Care and Protection of Children) Act, 2015 (JJ Act).

The bench observed that in normal courses, courts do not issue writ of mandamus to the legislature on rule-making aspects. However, when the failure of the state is demonstrated under exceptional circumstances, courts can issue directions. The bench directed the state government to expedite the rule-making process to ensure proper implementation of the JJ Act.

The bench expressed displeasure on the insensitive police investigation in cases of child pornography. “The police machinery did not show the sensitivity expected from it while dealing with cases of alleged child pornography. Therefore, it will be appropriate if the state issues SOP or guidelines for dealing with cases of child pornography so that proper investigation is carried out in such cases. As we are directing the formation of SOP for dealing with child pornography cases, the state is also directed to formulate guidelines on child missing cases,” the bench said.

The bench had been issuing several directions since 2018 and has also been monitoring police investigations. The court observed that while the state government has incorporated several directions, some issues still remain unaddressed.

The bench directed the government to have dedicated staff for the Directorate of Integrated Child Protection Scheme considering the sensitive nature of work.

On working of Juvenile Justice Boards (JJB), the court asked the Registrar General of the Karnataka High Court to issue directions to the principal magistrates of all the JJBs in the state to sit on all working days for a minimum of six hours a day. 

The high court directed the state to exercise the rule-making powers for obtaining an annual report from the State Commission for Protection of Child Rights.

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News Network
March 14,2020

Bengaluru, Mar 14: The Rashtriya Swayamsevak Sangh (RSS) on Saturday suspended its proposed Akil Bharatiya Pratinidhi Sabha (ABPS) meeting scheduled to be held in the outskirts of the city, in the wake of the outbreak of Coronavirus in the state.

'In view of the seriousness of the pandemic COVID-19 and in the light of instructions and advisories thereof issues by the Union and the state governments, the Akil Bharatiya Pratinidhi Sabha meeting scheduled in Bengaluru has been suspended', Sarakaryavah Suresh Joshi tweeted.

All Swayamsevaks should cooperate with the administrations to create awareness among the public and to face this successfully, he said.

It may be recalled that Karnataka State Government had ordered shut down of pubs, malls, theatres, and ban mass gatherings over the Coronavirus scare, on Friday.

Comments

Kannadiga
 - 
Saturday, 14 Mar 2020

Rss is worst than corona virus. Once it ban then definitely our Secular nation India will stand on top of the world. No one will touch even the rss God father israel also never try to poach their nose.

 

Ban this desh drohi element for ever.

 

Jai Hind! 

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