Canara Bank launches mega savings bank account opening campaign

Canara Bank has launched a mega savings bank account opening campaign in all its 5,182 branches across the country. This campaign has been launched as a precursor to the Government’s proposed Jan Dhan Yojna announced by Prime Minister Narendra Modi during his Independence Day speech and slated to be launched on August 28. The bank launched the nationwide campaign through video conference with the 43 Circle Heads on August 16.

The bank’s net profit for the quarter rose by 1.86% at Rs 806.86 crore as compared to Rs 792.07 crore for the quarter ended June 30, 2013. Its total income increased by 11.61% to Rs 11728.01 crore for the quarter under review from Rs 10507.88 crore for the corresponding quarter of the previous year.