“Vi­jaya Bank’s Win­ning Frame­work In Ma­jor Re­duc­tion of NPAs”

Business Sphere - - VIJAYA BANK - By Our Cor­re­spon­dent

Spe­cial in­ter­view of shri Sid­heswar Patra, Head GM, Vi­jaya Bank with Busi­ness Sphere, The Mag­a­zine of the Cor­po­rate In­dia. BS: What has Vi­jaya bank ini­ti­ated to en­sure strict vig­i­lance dur­ing pre and post sanc­tion due dili­gence pro­cesses of loan & what has been done by vi­jaya bank to for­tify the in­ter­nal pro­cesses to en­sure the ef­fec­tive funds mon­i­tor­ing? Sid­heswar Patra (SP): We do pre-sanc­tion in­spec­tion, proper due dili­gence of the bor­rower and its im­mov­able prop­er­ties/stock/ project and other as­sets by vis­it­ing all the busi­ness/res­i­den­tial places of the bor­rower be­fore sanc­tion­ing of any loan fol­lowed by pe­ri­od­i­cal in­spec­tion, reg­u­lar mon­i­tor­ing of ac­count, stock in­spec­tion, site visit etc. and per­mit­ting the bor­rower to reg­u­late the ac­count within the Draw­ing Power or as per the process of the project etc. BS: How many cases have been re­ferred to the Bank­ruptcy Courts in Delhi? SP: There are Eight cases filed in NCLT-Delhi BS: In 2013, Vi­jaya Bank takes on NPA storms in Q4 with net in­crease of 24%, what is your pre­dic­tion for this and the next fi­nan­cial year? SP: At present NPA level is well un­der con­trol. At Q2-2017 Gross NPA has come down from 7.07% to 7.06% on Y.O.Y ba­sis. Sim­i­larly Net NPA is down from 5.10% to 4.86% on Y.O.Y. ba­sis which is best among the mid­sized Pub­lic Sec­tor Banks. BS: How would you fore­cast the value of Vi­jaya Bank shares in fu­ture & has the list­ing been af­fected ow­ing to the NPA Prob­lem? SP: We ex­pect our share price to con­sol­i­date and move up­wards. Our level of NPA is well un­der con­trol. Hence we do not ex­pect any prob­lem in the share price move­ment. BS: What is Vi­jaya Bank strate­gic fo­cus now, to strengthen the Banks po­si­tion? SP: Vi­jaya bank has strat­egy to fo­cus/ can­vass on qual­i­ta­tive ad­vances with a thrust on re­tail ad­vances and fo­cused strat­egy for manag­ing stressed as­sets, which en­able us to strengthen our po­si­tion. BS: Could you en­list any ma­jor ac­tiv­i­ties of your bank for the pur­su­ing of fi­nan­cial in­clu­sion in­line with the coun­try’s inclusive growth frame­work? SP: Ma­jor ac­tiv­i­ties be­ing un­der­taken by our bank in this re­gard are:

• Open­ing of ru­ral branches in un-banked ar­eas to reach out to the un­priv­i­leged peo­ple of the so­ci­ety.

• Cul­ti­vate the bank­ing habits by or­ga­niz­ing Lit­er­acy Meet in ru­ral ar­eas.

• Pro­mo­tion of Govern­ment in­sur­ance schemes like APY, PMSBY, PMJJBY by or­ga­niz­ing var­i­ous camps.

• Per­for­mance in Mu­dra loan. Per­for­mance in APY cam­paign. BS: What would you spec­ify about the Vi­jaya banks tech­nol­ogy and train­ing ini­tia­tives un­der “Dig­i­tal In­dia”& “skill In­dia” to­wards achiev­ing ex­cel­lence in busi­ness growth? SP: Our bank has al­ways been at the fore­front in tech­nol­ogy upgra­da­tion. To move to­wards cash­less so­ci­ety, Vi­jaya bank has launched e-wal­let V-PAYQwik, which has been in­te­grated with United Pay­ment In­ter­face (UPI) for safer and faster money trans­fer. We have part­nered with Na­tional Pay­ment Cor­po­ra­tion of In­dia (NPCI) to pro­vide train­ing to our staff. Be­sides, our bank has lunched Dig­i­tal Aware­ness Cam­paigns in schools/col­leges to sen­si­tize the younger gen­er­a­tion about the ben­e­fits of Dig­i­tal pay­ment.

Sid­heswar Patra, Head GM

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