Canara Bank to open branches in 7 nations

Canara Bank to open branches in 7 nations

The bank had already received the permission to open a branch in Germany, while in other countries including US, Brazil, South Africa, New Zealand, Saudi Arabia and Australia, the process of getting permission has started, the bank's Executive Director Archana S Bhargava told reporters here.

Currently, the Bank has overseas branches in the UK, Hong Kong and China. It also has a joint venture with SBI in Moscow. The Bank, which has around 3,300 branches at present in the country, is also planning to add another 300 by end of this fiscal, she said adding that most of the new branches will be opened in rural and semi urban areas. She also said that the Bank has its presence in 452 districts of the total 644 districts in the country. As corporate social responsibility, bank has opened four computer training centres to impart free computer training to poor unemployed youth. Earlier, bank’s first specialised government business branch was opened at National Archives of India (NAI) office premises here on Thursday.

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