CMP: 53

Vijaya Bank Ltd. is a Karnataka, India based bank. The objective of the founders was essentially to promote banking habit, thrift and entrepreneurship among the farming community in Karnataka State. The Bank provides deposit facilities, loans & advances, NRI services, remittance & collection facilities, credit card services and merchant banking facilities.

Vijaya Bank is a decent bet in mid-cap banking space. Its currently trading at a P/E of less than 5 with dividend yields of almost 5% in the last 12 months. Deposits have steadily increased and doubled over the last 5 years which is a good sign. Revenues have steadily increased from around 4000 Crores to nearly 8000 Crores in the last 5 years. Profits have grown from 361 Crores to 581 Crores in the last 5 years. NPM has slowly drifted down from 9% to 7% over the last 5 years. Buy and hold for long term gains.