Canara Bank to open 250 branches in FY16

Canara Bank is planning to open 250 branches across the country in 2015-16. The bank had open 1,000 branches in 2014-15 and has 5,734 branches and 1,932 ATMs in the country.

Canara bank has reported 40.65% fall in its net profit at Rs 478.84 crore for first quarter ended June 30, 2015 as compared to Rs 806.86 crore for the same quarter in the previous year. However, total income of the bank has increased by 4.47% at Rs 12252.64 crore for quarter under review as compared to Rs 11728.01 crore for the quarter ended June 30, 2014.