Vijaya Bank aims to reduce its cost of deposits by Sept

Last Updated: Friday, August 7, 2009 - 19:07

Mumbai: Karnataka-based Vijaya Bank aims
to bring down its cost of deposits by September, a top bank
official said.

"Our plan is to bring down our cost of funds.
Presently, it is 6.82 per cent--our aim is to bring it down to
6.5 per cent by September," Vijaya Bank`s Chairman and
Managing Director, Albert Tauro, told reporters on the
sidelines of a conference here today.

The public sector lender has witnessed some pick-up in
its agri and education loan portfolios, Tauro said.

"Home loans have, however, not picked-up
significantly," he said.

On corporate loans, Tauro said that interest is being
increasingly evinced by corporates, especially from the
infrastructure segment. "These corporates have started
approaching us for achieving their financial closure," he

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First Published: Friday, August 7, 2009 - 19:07

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