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new business
initiatives:
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Corporate goal for 2008-09 is “Profitability Powered by Cost Efficiency”.
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To reach total business of Rs.1,00,000 crore and achieve a Credit Deposit ratio of
above 70%.
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To reach 1150 branches network by March 2009.
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To increase credit offtake to improve under retail lending scheme, priority
sector particularly Agriculture Credit, SME etc.,
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Bank launched the 'Reverse Mortgage Loan Scheme', a hand holding facility for senior
citizens against self-owned, self- occupied residential property in April 2008.
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IT enabled V-Gyan Kendra knowledge portal launched for holistic dissemination of
information across all sections of employees.
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To set up online trading portal to provide stock trading facility to its
customers.
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To set up Business Facilitator Units at field levels to maximise the benefits under
Core Banking environment and improve the data quality.
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To move towards second phase of financial inclusion and empower the financially
excluded segments in line with the inclusive growth strategy envisaged by the government of
India.
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To focus on core, low cost deposits.
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Implementation is in advanced stage of progress under HRMS (Human Resources
Management Solution), ITMS (Integrated Treasury Management Solution) and IRMS (Integrated Risk
Management Solution).
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To bring all the branches under CBS by 31.03.2009 and attain business coverage of
100% on CBS platform.
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To increase the number of ATMs from 272 as at March, 2008 to 375 by March,
2009.
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To achieve accelerated performance under recovery of NPAs with specific focus on AUC
accounts through Vijaya Adalats and Settlement Camps with HO participation.
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To focus on improving fee-based income and aggressively promote fee-based non-fund
based business like LCs and Bank Guarantees/ DPGs etc.
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To ensure compliance with BASEL II capital adequacy requirements by September 2008,
ahead of the prescribed schedule of March 2009.
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