Vijaya Bank has received an approval for raising Rs 1,300 crore through bonds in the current fiscal. The board of directors of the bank has given approval for raising Rs 1,300 crore by way of additional tier 1 bonds under Basel III for the financial year 2017-18 (revised additional capital requirements amounting to Rs 1,000 crore in addition to Rs 300 crore already approved by the board).
Vijaya Bank is a public sector bank. The Bank offers various financial products and services, such as deposit products, loans and advances, card services, remittances and collection, and non-resident Indian (NRI) services. The bank has a network of 2,031 branches, 13 extension counters and 2,001 ATMs as on March 31, 2017 across the country.
