Vijaya Bank has received an approval for preferential allotment of equity shares to Government of India for an amount of Rs 250 crore. The board of directors at its meeting held on November 11, 2013 has approved for the same.
The board of directors has also fixed November 12, 2013 as relevant date for the purpose of pricing of equity shares, in terms of SEBI (ICDR) Regulations, 2009.
Vijaya Bank, the Karnataka-based 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.
