Canara Bank is planning to open 1,300 new branches in the next two years, in order to expand its presence. It also aims to attain a business to the tune of Rs 7 lakh crore in 2013-14, by focusing on agriculture, retail and MSME for lending.
The bank has attained 13% growth with total business size of Rs 6 lakh crore comprising Rs 3.55 lakh crore of deposits in 2012-13. It is also planning to open nine overseas offices in countries including Brazil, Tokyo, South Africa, Qatar in next two years. Canara Bank has presently five overseas branches in countries including Moscow, London, Hong Kong.
