The public sector Canara Bank has identified 38 locations in the Coimbatore circle to open more branches during this fiscal, a senior bank executive said today.
The bank has sent the proposal to RBI and was awaiting its approval, Sethupati, DGM of Coimbatore Circle, comprising six districts, told reporters here.
The circle, including Coimbatore, Erode and Nilgiris districts, would add 18 more ATMs to its existing 30 ATMs by March 2006, Sethupati said.
On the financial results for the second quarter of the current fiscal, he said the Bank has targeted a 18.74 per cent growth in global business during this financial year to reach a level of Rs 2,33,000 crore by March 2007.
This would comprise Rs 1,38,000 crore under deposits and Rs 95,000 crore under advances, he said, adding that as part of a major expansion drive, the bank has idenified 21 prominent centres for setting up branches and offices.
Source: The Hindu
Monday, October 23, 2006
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