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2009-10-27

Canara Bank sees 23% growth

The Canara Bank will touch an aggregate business mix of Rs 4 lakh crore. This will be a growth of 23 per cent over last year. The total business will comprise of Rs 2,25,000 crore deposits and Rs 1,75

The Canara Bank will touch an aggregate business mix of Rs 4 lakh crore. This will be a growth of 23 per cent over last year. The total business will comprise of Rs 2, 25,000 crore deposits and Rs 1,75,000 crore advances.

 

Under small, micro and medium enterprises segment, the bank’s credit grew 33 per cent year-on-year to reach Rs 27,029 crore when compared to a year ago.

 

The bank has also increased its education loan portfolio, housing loan portfolio and agricultural portfolio.

 

The bank is also in the process of expanding its domestic branch network during the year. It plans to open 104 new branches to mark its 104th anniversary, across the country. The bank has already opened 128 branches this fiscal. By March 2010 its branch strength will touch 3,000, he said.

 

 

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