Canara Bank, a leading nationalized bank has opened 35 branches in the remote villages of West Bengal. This new branches are situated in the unbanked villages where no banking service was available. The newly opened branches would cover 12 districts in the state. West Bengal government has allowed Canara Bank to open branches at Gram Panchayat offices at a nominal rent of Rs 1 per annum for a period of ten years.
Canara Bank has reported 42.39% fall in its net profit at Rs 409.35 crore for third quarter ended December 31, 2013 as compared to Rs 710.51 crore for the same quarter in the previous year. However, Total income of the bank has increased by 16.45% at Rs 10935.29 crore for quarter under review as compared to Rs 9390.29 crore for the quarter ended December 31, 2012.
