Vijaya Bank, the Karnataka-based bank has opened its new regional office at Dwarakanagar in Andhra Pradesh. With this, the bank now has two regional offices in the state, including the existing regional office in Vijayawada. Further, the 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.
Vijaya 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.
