IMG 5281 – Vijaya Bank Chairman Sri G. Narayanan lighting the lamp to mark the inauguration of the 17th Annual General Meeting in the presence of MD & CEO Dr. Kishore Sansi, Executive Directors Sri B. S. Rama Rao and Sri Nageswara Rao Y and other Directors on the Board, in Bangalore on Friday.
Vijaya Bank’s Board of Directors during the 17th Annual General Meeting held in Bangalore on Friday 23.06.2017. Seen are Chairman Sri G. Narayanan, MD & CEO Dr. Kishore Sansi, Executive Directors Sri B. S. Rama Rao and Sri Nageswara Rao Y. and other Directors of the Bank.
The Seventeenth Annual General Meeting of the Shareholders of Vijaya Bank was held on 23rd June, 2017 at 10.00 a.m. at Mulki Sunder Ram Shetty Auditorium at Vijaya Bank, Head Office, Bangalore.
Speaking to the shareholders on the occasion, Shri G Narayanan, Chairman, Vijaya Bank said that the Bank has posted excellent financial results during 2016-17 despite challenging business environment. Bank is on its important growth and has drawn comprehensive strategies to strengthen its retail banking operations, quality of asset portfolio towards its commitment to enhance financial solvency. The Business strategy also remains focused on effective control over risks and maintaining a long term growth for the benefit of all the stakeholders.
Vijaya Bank, one of the premier Nationalized Banks in India, has been part of the economic growth of the country for the last eight decades by extending its support to critical and productive segments of the economy. As at 31.03.2017, the Bank has a total business of Rs. 2,29,833 crore, consisting of Rs. 1,33,012 crore of deposits and Rs. 96,821 crore of advances. During the year the Bank has posted a net profit of Rs. 750.48 crore. The Bank added 170 Branches during the year to take the Branch network to 2031. Bank has declared a dividend of Rs. 1.50 per Equity Share of the face value of Rs. 10/- for the year 2016-17. He further added that going forward, the Bank will continue to invest in sustainable business and build on a strong foundation in order to accelerate growth across key business verticals.