What stock exchanges are you eyeing to get Vijaya Banks shares listed?
To start with, we intend to get Vijaya Bank’s shares listed at the Bombay Stock Exchanges, the Bangalore Stock Exchange, and the National Stock Exchange. Why is it that Vijaya Bank is going in for an IPO at par? What are the factors that prompted you to steer clear of a premium issue? The share prices of many nationalised banks are now quoted at par value only, even though these banks’ financial position is strong enough for their share prices to be quoted at a much higher level. So, considering the market scenario, we have decided to go in for an IPO at par. How would you use the money raised through the IPO? The money raised through the IPO will be deployed in credit expansion as well as in computerisation of more number of branches. What are the New Millennium plans of Vijaya Bank? Vijaya Bank has drawn up the corporate plan for the next five years. The main motto of this plan is to improve the bank’s profitability substantially through qualitative improvements in various performanc
