Canara in big push for north | Latest News India - Hindustan Times
close_game
close_game

Canara in big push for north

Hindustan Times | BySachin Kumar, Mumbai
May 30, 2010 11:11 PM IST

Canara Bank is all set to strengthen its presence in North India. The Bank, which enjoys a client base of over 37 million and has a strong presence in South India, plans to open most of its 200 new branches this financial year in the north. The bank also plans to add around 1,650 employees in the fiscal year.

Canara Bank is all set to strengthen its presence in North India. The Bank, which enjoys a client base of over 37 million and has a strong presence in South India, plans to open most of its 200 new branches this financial year in the north. The bank also plans to add around 1,650 employees in the fiscal year.

HT Image
HT Image

“We are planning to open 200 branches in the current fiscal. These branches will be opened across the country with special focus on increasing our presence in Gujarat, Rajasthan and the northeastern states,” said AC Mahajan, CMD of the bank.

Hindustan Times - your fastest source for breaking news! Read now.

The bank currently has a network of 3,050 branches and its total ATM count stands at 2,017.

Expansion will be complemented through fresh recruitments. “Around 1,650 individuals are proposed to be recruited in 2010-11,” added Mahajan.

The bank is also planning to strengthen overseas presence as it is aiming to have full-fledged branches in Bahrain and Qatar and a representative office at Sharjah in this financial year. The Bank opened a branch in Leicester, UK in April this year.

The Bangalore headquartered bank is aiming to grow its business by 25 per cent in the current year. “We are aiming at a total business of Rs 5 lakh crore by March 2011, where target for deposits is Rs 2.85 lakh crore and Rs 2.15 lakh crore for Advances,” said Mahajan.

New jobs at the bank

Clerks 1,000
Officers 500
Specialist officers 150
Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On