Vijaya Bank aims to reduce its cost of deposits by Sept
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Last Updated: Friday, August 07, 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 said.

Bureau Report


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


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