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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November 14,2024

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Bengaluru: The Prime Minister Narendra Modi led union government has requested the Karnataka High Court to direct the Mandya district administration and the state government to clear a madrasa operating within the premises of the historic Jama Masjid in Srirangapatna.

The Waqf Board, opposing this move, has claimed the mosque as its property and defended the right to conduct madrasa activities there.

The matter was brought before a division bench headed by Chief Justice N V Anjaria following a public interest litigation filed by a person named Abhishek Gowda from Kabbalu village in Kanakapura taluk. The petition alleged “unauthorised madrasa activities” within the mosque.

Representing the Central government, Additional Solicitor General of India for High Court of Karnataka, K Arvind Kamath argued that the Jama Masjid was designated as a protected monument in 1951, yet unauthorised madrasa operations continue there.

He noted that concerns over potential law and order issues have so far prevented any intervention. Kamath urged the court to direct the Mandya district administration to take action and vacate the madrasa from the mosque.

In defence, lawyers for the state government and the Waqf Board contested this request, stating that the Waqf Board had been recognised as the owner of the property since 1963 and, thus, conducting madrasa activities there is lawful.

After hearing both sides, the bench adjourned the case for further arguments, scheduling the next hearing for November 20.

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News Network
November 27,2024

Mangaluru is set to witness its largest oncology conference as Kasturba Medical College (KMC) Mangaluru, celebrating its 70th year Platinum Jubilee, hosts the 44th Annual Conference of the Association of Radiation Oncologists of India (AROICON 2024). Scheduled from Thursday to December 1, the grand event will take place at the Dr. TMA Pai International Convention Centre.

Dr. B. Unnikrishnan, Dean of KMC Mangaluru, highlighted the conference's scale, stating, “With over 1,800 registrations from India and international delegates, AROICON 2024 marks the largest congregation in the event's history.” The Association of Radiation Oncologists of India (AROI), which boasts more than 5,000 members, brings together top experts, professionals, and researchers in the field of radiation oncology for this prestigious annual conference.

The inaugural ceremony on Friday will feature Dinesh Kumar Shukla, Chairman of the Atomic Energy Regulatory Board (AERB), as the chief guest, with Dr. H.S. Ballal, Pro-Chancellor of Manipal Academy of Higher Education, presiding over the event.

Participants can look forward to an impressive lineup of over 600 research presentations and 150 scientific sessions. The program includes engaging debates, panel discussions, postgraduate quizzes, and other educational activities, aiming to elevate expertise in radiation oncology.

Dr. Dilson Lobo, Joint Organising Secretary, shared that Thursday’s agenda features the Indian College of Radiation Oncology (ICRO) workshop titled IMPACT - Interactive Modules for Problem-based Assessment and Case-based Teaching. “This workshop alone is expected to engage over 400 participants,” he said.

A special highlight of the conference will be the distribution of over 100 awards recognizing exceptional contributions to scientific research, clinical innovation, and education. Additionally, more than 40 trade exhibitors will showcase cutting-edge treatment solutions, providing a platform for innovation and collaboration.

AROICON 2024 promises to be a landmark event, uniting the global oncology community in Mangaluru and underscoring the city's growing importance as a hub for advanced medical education and research.

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November 26,2024

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Mangaluru: The coastal districts of Dakshina Kannada and Udupi are witnessing a fascinating weather pattern, with chilly early mornings giving way to dry, sweltering afternoons. Over the past two days, dense fog blanketed the rural landscapes, while urban centers like Mangaluru felt the stark contrast of brisk mornings and peak afternoon heat.

The India Meteorological Department (IMD) noted that in rural areas, the morning chill caused temperatures to dip by one to two degrees Celsius below the seasonal norm, intensifying the fog. Monday saw Mangaluru recording a maximum temperature of 33.3°C and a minimum of 22.6°C, reflective of the sharp day-night variation.

While mornings painted a serene picture with mist-covered trees and a cool ambiance, the afternoons proved relentless, with temperatures soaring between 11 am and 3 pm, offering little respite. Currently, there are no signs of rainfall, with forecasts predicting the continuation of this dual weather pattern for the coming days.

Local residents have mixed feelings about this weather trend. Farmers in rural areas appreciate the cool mornings that ease early chores but express concerns over the dry afternoons, which may affect crop irrigation if the dry spell prolongs. In contrast, urban dwellers are enjoying the foggy mornings but brace for the scorching afternoons.

Meteorologists attribute the sudden chill to shifts in atmospheric pressure along the coast, a precursor to possible weather transitions in December. Whether this pattern persists or leads to unexpected changes remains to be seen, but the twin districts are clearly caught in nature's dramatic play of contrasts.

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