Vijaya Bank is currently trading at Rs. 64.50, down by 0.05 points or 0.08% from its previous closing of Rs. 64.45 on the BSE.
The scrip opened at Rs. 64.90 and has touched a high and low of Rs. 65.40 and Rs. 64.20 respectively. So far 59,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 70.25 on 03-Feb-2017 and a 52 week low of Rs. 29.65 on 01-Jun-2016.
Last one week high and low of the scrip stood at Rs. 66.65 and Rs. 64.00 respectively. The current market cap of the company is Rs. 6,442.00 crore.
The promoters holding in the company stood at 70.33%, while Institutions and Non-Institutions held 16.90% and 12.77% respectively.
Small Industries Development Bank of India (SIDBI) has reportedly signed a Memorandum of Understanding (MoU) with Vijaya Bank for providing concessional finance to micro and small enterprises (MSEs).
The MoU aims at promoting and strengthening units in the MSE segment through concessional funding - that is, at the marginal cost of funds-based lending rate (MCLR) of Vijaya Bank under refinance from SIDBI.
The MoU also envisages joint financing/co-financing of MSMEs for meeting capital expenditure under the ‘SIDBI Make in India Soft Loan Fund for Micro, Small & Medium Enterprises’ scheme at concessional rate of 9.60 per cent, along with working capital from Vijaya Bank.
Vijaya Bank offers various products and services specific to various segments such as it has saving accounts for children, scheme for women clientele, credit facilities to minority communities like Zoroastrians, Buddhists are among others.