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Thursday, August 23, 2012

Canara Bank awarded for tech use

Canara Bank has bagged the IDRBT Best Bank Award for its use of technology for financial inclusion.

S. Raman, CMD of the bank, received the award in the large banks category from RBI Governor D. Subbarao at an event organised in Hyderabad by the Institute for Development & Research in Banking Technology, a bank release said.

The bank opened 167 new branches that generated over 5.50 lakh accounts and a business of Rs 611 crore during the year, it said.

As many as 2.81 lakh smart cards were issued.

A pilot project for Aadhar enrolments was taken up in eight States, covering 1.95 lakh residents, it added.


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