Vijaya Bank is planning to open 14 more branches in the Visakhapatnam region comprising Srikakulam, Vizianagaram, Visakhapatnam, and the two Godavari districts during the current financial year. Of the 14 new branches, five would be opened in Vizag, at present, there are 37 branches in the five districts.
The bank’s net profit declined by 28.74% at Rs 96.80 crore for the quarter ended March 31, 2015 as compared to Rs 135.84 crore for the quarter ended March 31, 2014. However, its total income grew by 12.44% to Rs 3406.12 crore for the quarter under review from Rs 3029.34 crore for the corresponding quarter of the previous year.
