Vijaya Bank has decided to raise Basel III Compliant Tier -II Bonds amounting to Rs 500 crore by way of private placement. The bank has received ratings of ‘AA+ (hyb)’ with stable outlook by ICRA and ‘AA+’ by CARE for the proposed issue of the said bonds.
Vijaya Bank offers various products and services specific to various segments such as it has saving accounts for children, scheme for women clientele, credit facilities to minority communities like Zoroastrians, Buddhists are among others.