Canara Bank opens 35 branches; takes total number to 3,212

BANGALORE: State-owned lender Canara Bank today on 21/02/2011 opened 35 branches across the country, taking the total number of branches to 3,212.

Apart from this branch network, the bank also has 2,150 ATMs to serve a clientele base exceeding 38 million at present, Canara Bank said in a statement.

These 35 branches have come up in 14 states. Of these 35 branches, 31 branches are in rural and semi-urban locations, it added.

At the beginning of the current financial year, the Bank had drawn up a plan to roll out 200 branches by March 2011.

So far, the bank has opened 170 branches, including opening up of 100 branches on its Founder's Day on November 19, 2010.

As in December, 2010, the bank's total business has crossed Rs 4.5 lakh crore and it posted a net profit exceeding Rs 1,000 crore each for the three consecutive quarters during FY11.

Source: EconomicTimes