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Canara Bank plans to take branch count to 5000 in two years

26 Jun 2013 Evaluate

Canara Bank is eyeing to take its count of total branches to 5,000 from the present 3,721 branches in a time frame of another two years. The state owned bank will be setting up new ones in the North East, Jammu and Kashmir and Jharkhand among other states, with focus on rural and semi-urban areas.

After successfully launching its E-Lobby product in Bengaluru and Delhi, the bank would also be extending the services to other important cities including Coimbatore. The e-lobby has facilities like ATM, cash and cheque deposits, passbook printing and also Internet Banking provided to customers under one roof.

Earlier the bank donated a bus to Sankara Eye Foundation and also disbursed loans worth Rs 127 crore to 4,300 beneficiaries including weavers, farmers, SHGs, SMEs and Transgenders.

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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