Vijaya Bank, the Karnataka-based bank is planning to take its CASA (current account/savings account) deposits to 25% of its total deposits in the next 2 years to bring down its costs. Currently, the bank’s CASA share is 17.83% of its total deposits. The move will also help the bank to improve its net interest margin, from the current 2.12%. Meanwhile, the bank is also planning to take the total number of Branches and ATMs to 1500 each by March 2014.
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.
