Canara Bank has signed a memorandum of understanding (MoU) with Tata Sons for CSR collaboration. The MoU is for collaborating on Corporate Social Responsibility (CSR) projects in the areas of skill development, entrepreneurship development and village development in India.
The bank’s net profit for first quarter ended June 30, 2014 rose by 1.86% at Rs 806.86 crore as compared to Rs 792.07 crore for the quarter ended June 30, 2013. Its total income increased by 11.61% to Rs 11728.01 crore for the quarter under review from Rs 10507.88 crore for the corresponding quarter of the previous year.
