Vijaya Bank inaugurates Self Employment Training Institute premises and revises MCLR rates.

“Vijaya Bank MD & CEO Dr. Kishore Sansi inaugurated the new premises of the Vijaya Bank Self Employment Training Institute (VIBSETI) at Bhenslay Village, Indore, Madhya Pradesh on 05.08.2017. On the occasion loan sanction letters were handed over to beneficiaries who were trained in the Institute for starting their own enterprise. The event was attended by Sri Nishant Warwade, IAS, District Collector, Indore; Smt. Kirti Khurasiya, IAS, Additional Collector & CEO, ZP, Indore; Sri Sathish Ballal, General Manager, Vijaya Bank Head Office; Sri Girish C. Dalakoti, Regional Head, Vijaya Bank, Bhopal Regional Office and others.

The Bank has sponsored three VIBSETIs at Mandya and Haveri in Karnataka and Indore in Madhya Pradesh where free residential training is provided to low income group/rural youth. So more than 50,000 candidates have been trained out of which around 70% have set up their own micro enterprises.”


Also our Bank revised the MCLR (Marginal Cost of Lending Rate) rate from  07.08.2017 as follows:

 

Tenor

Existing MCLR %

Revised MCLR %

Overnight

8.35

8.10

One month

8.40

8.10

Three month

8.55

8.20

Six month

8.60

8.60

One year

8.65

8.65

Two years

8.65

8.65

Three years

8.75

8.75

 

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