Canara Bank has inaugurated two small and medium enterprise (SME) sulab branches located at Naraina Vihar and Mangolpuri in the state of Delhi in order to cater to the needs of micro, small and medium industries.
The bank’s net profit for the quarter ended March 31, 2013 declined by 12.51% at Rs 725.38 crore for the quarter as compared to Rs 829.09 crore for the quarter ended March 31, 2012. Bank’s total income has increased by 4.81% at Rs 9471.57 crore for the quarter under review as compared to Rs 9036.75 crore for the corresponding quarter of the previous fiscal.