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Canara Bank inaugurates first e-lounge centre in New Delhi

29 Jan 2013 Evaluate

Canara Bank has inaugurated the first e-lounge centre of the bank in New Delhi which will cater to the needs of customers round-the-clock and all seven days of the week. Over the period of next two months the bank is also planning to open eight such centres at various locations in the country.

e-lounge will provide customers facility to update their account, withdraw and deposit funds beyond the banking hours. The customers can also use net facility to do banking operations and stock trading. A video conference facility is also available for interaction with the bank officials.

The bank has registered a fall of 22.44% in its net profit at Rs 660.97 crore for second quarter ended September 30, 2012 as compared to Rs 852.22 crore in the corresponding month previous year. However, total income of the bank has increased by 9.08% to Rs 9203.61 crore for the quarter under review as compared to Rs 8437.27 crore in the same month last year.

Gross non-performing assets (NPAs) rose to 2.58% in the quarter under review as against 1.75% in the same quarter previous year while net NPAs too rose to 2.12% from 1.42%.

Peers
Company Name CMP
State Bank Of India 997.00
PNB 116.65
Bank Of Baroda 237.80
Canara Bank 123.90
Union Bank Of India 178.00
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