Canara Bank inaugurates 45th Circle Office at Warangal

Canara Bank has inaugurated its 45th Circle Office at Warangal. The Bank currently has nearly 5,330 branches all over India. Canara Bank’s Warangal Circle, with 67 branches in its jurisdiction, covers eight districts of Telangana State (excluding Hyderabad and Ranga Reddy districts) and transacts a total business of Rs 2,500 crore.

Further, the bank is planning to utilize this opportunity by increasing the network of branches to 100 by March 2015, covering important urban, semi-urban and rural centres coming under the Circle.

The bank’s net profit for first quarter ended June 30, 2014 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.