State run, Vijaya Bank has targeted a business of Rs.1.10 lakh crore by the end of current fiscal.

In lines with set target, the bank plans scale up its existing branch network by adding 100 new branches during the current fiscal.

Albert Tauro, Chairman and Managing director, Vijaya Bank, said, "The increased number of branches and a host of IT-enabled alternative delivery channels would help the Bank reach a business level of Rs.1.10 lakh crore by March 2010."

"The bank has so far restructured 187 MSME accounts in the State, involving a book balance of Rs.36 crore. The bank has a Credit Deposit Ratio of more than 100 per cent in Tamil Nadu," he added.

The benchmark prime lending of the bank is currently pegged at 12.25 percent.

Founded in pre-independence period, Vijaya Bank was nationalised on April 15, 1980. As on March 31, 2009, the bank had a network of 1101 branches, 43 extension counters, and 364 ATMs, spread across the entire country.

Last fiscal the bank added 50 branches and upgraded its four extension counters.