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Vijaya Bank seeks Rs 800 crore business from festival bonanza scheme

11 Oct 2012 Evaluate

Vijaya Bank is seeking Rs 800 crore business from its festival bonanza scheme from its Chandigarh region. It aims deposit mobilization of Rs 500 crore and lending to the tune of Rs 300 crore in festival bonanza scheme which is valid till January next year.

The entity, under the festival bonanza scheme, is offering 9.30% rate of interest and 9.75% to senior citizens up to the deposits of Rs 10 crore for one year. It is also offering advances to doctors and schools at lending rate of 12% and 12.70% respectively for loan up to Rs 1 crore. Apart from this, housing and vehicle loans are being offered at 10.50% and 11% respectively.

The bank has 62 branches in Chandigarh region, which includes Punjab, Haryana, Chandigarh, Jammu and Kashmir, Uttarakhand and Himachal Pradesh with total business size of Rs 5,500 crore.

Peers
Company Name CMP
State Bank Of India 1085.95
PNB 143.45
Bank Of Baroda 275.40
Canara Bank 133.10
Union Bank Of India 203.55
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