Canara Bank, a Bangalore-based public sector lender, established on November 19, 1906, in Mangalore has opened 104 new branches across the country in view of celebration of 104th anniversary of the bank. The bank target is to increase the number of its branches across India from 2966 to 3,000 branches by December 2009. Union Finance Minister Pranab Mukherjee inaugurated 104 branches in New Delhi.
Out of 104 branches, 24 have been opened in Karnataka and 14 in Tamil Nadu, while 7 in Andhra Pradesh. Whereas bank opened one branch each in Bihar, Jammu and Kashmir, Delhi, Punjab, Tripura, Uttarakhand, Meghalaya Chandigarh and Dadra & Nagar Haveli. And four branches each in Gujarat and Kerala, five each in Orissa, Himachal Pradesh and Uttar Pradesh. Three each are in Rajasthan and Madhya Pradesh and 11 branches are in West Bengal.
Out of these 104 branches, 36 branches are in metro, 22 in urban and 46 in rural and semi-urban locations. From these, 29 branches have been opened in under-banked districts.
With the opening of these 104 branches, the bank has added 233 domestic branches during the present year including 3 overseas branches in London, Hong Kong and Shanghai.
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