Canara Bank, a leading nationalized bank, is reportedly planning to open 20 more e-lounges across its branches in southern districts during the current fiscal year. The e-Lounge is one stop facility targeted at corporate, IT and business professionals depending on their needs. The e-lounge has an ATM, cheque depositing machine kiosk, cash depositing machine kiosk and pass book printer kiosk.
Over the years, Canara 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. As at December 2014, the Bank has further expanded its domestic presence, with 5641 branches spread across all geographical segments.
