Vijaya Bank, Bangalore-based mid-sized public sector bank has decided to cut its processing fee on home loans by 50% under Home Utsav 2011 scheme. The bank has launched Home Utsav 2011 in Gurgaon on December 24, 2011, under this scheme the bank has undertaken a number of steps to boost its lending to the housing sector.
The bank’s net profit for the second quarter of the current fiscal has grown 41.03% at Rs 203.53 crore as compared to Rs 144.31 crore for the corresponding quarter of the last year. The bank’s total income has surged 37.96% at Rs 2098.33 crore for the quarter under review as compared to Rs 1520.92 crore for the second quarter of the previous year.
