Canara Bank, a leading nationalized bank, is reportedly planning to expand branch network in the 13 districts of Andhra Pradesh, adding 28 more branches to the 260 existing branches and 314 ATMs. Further, as part of its restructuring exercise the bank has decided to give a push to its banking services and also improve its retail loan portfolio. The bank has set a target of increasing the share of retail loan in its portfolio to 40%. The bank is also planning to target more salaried class and government employees to increase its retail customer base. The bank is likely to offer customise loan products for government employees by increasing the ceiling and tenure for personal loans.
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
