Vijaya Bank to raise up to Rs 226 crore through preferential issue

Vijaya Bank has received an approval for preferential issue of equity shares to Life Insurance Corporation of India (LIC) aggregating up to Rs 226 crore (inclusive of premium amount). The board of directors at its meeting held on March 03, 2016 has approved for the same.

Vijaya 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.