Canara Bank aims to achieve aggregate business of Rs 8.50 lakh crore in FY15

Canara Bank is aiming to achieve aggregate business of Rs 8.50 lakh crore with a deposit growth of 16-17% and advances growth of 19-20% by March 2015. Moreover, the public sector lender will be adding 1250 branches this year, including 100 in Kerala, to increase its branch strength from 4,755 to 6,000 and ATMs from 6,312 to 10,000 by March next year.

During 2013-14 fiscal, the bank's business had touched Rs 7.22 lakh crore. Moreover, the public sector lender registered a 20.7% growth, opened 1,027 branches of which 80% was in rural and semi urban areas.

Further, the bank would be opening a branch at Johannesburg in South Africa and is planning to open branches at New York by June this year and 8 other international centres, including Dubai, Qatar, Frankfurt, Sao Paulo, Dar-es-Salaam and Tokyo, by march next.