Vijaya Bank gets nod to raise Rs 1000 crore

Vijaya Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532401 | NSE: VIJAYABANK

10 May 2017 Evaluate

Vijaya Bank, one of the premier nationalized banks in India, has received approval for raising Rs 1000 crore of CET 1 Captial for the FY 2017-18. The board of the bank at its meeting held on May 09, 2017 approved for the same.

The Bank has reported around 3-fold jump in its net profit at Rs 203.99 crore for the quarter ended March 31, 2017 as compared to Rs 71.31 crore for the same quarter in the previous year. Total income of the Bank increased by 8.56% at Rs 3504.73 crore for quarter under review as compared to Rs 3228.48 crore for the quarter ended March 31, 2016.

Peers

Company Name	CMP
State Bank Of India	961.90
PNB	112.50
Bank Of Baroda	227.90
Canara Bank	120.90
Union Bank Of India	171.80
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