Canara Bank, a leading nationalized bank has opened new branch at Bypass Road in Madurai, taking the number of branches in its network in Madurai Circle to 185. The Bank’s Madurai Circle Office has jurisdiction over eight southern districts and is having lead bank responsibilities in Madurai and Theni districts.
Over the years, the bank has been scaling up its market position to emerge as a major 'Financial Conglomerate' with as many as nine subsidiaries/sponsored institutions/joint ventures in India and abroad. In the current fiscal, the bank had opened 875 branches, taking the total number to 5,632, including seven in overseas locations. The bank opened 1,188 ATMs during the year taking the total to 7,500.
