Public sector Vijaya Bank has prepared a blueprint for taking its business from NRI accounts to Rs 5,000 crore by 2011.
At present, NRI accounts contribute almost Rs 1,350 crore to its consolidated business volume.
“We are working on ‘Mission NRI 5000’ to grow to Rs 5,000 crore in the segment by fiscal 2011,” Vijaya Bank Chairman and Managing Director (CMD) Albert Tauro told Business Standard.
To mobilise NRI current and savings accounts (CASA), the bank is offering seamless credit to their accounts, and plans to send senior officials to the West Asian countries.
“We plan to grow both in terms of clients and volume in this segment, especially in Kerala, Karnataka and Andhra Pradesh, but it would need some seeding time,” he added.
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