The public sector Canara Bank would launch 105 branches and ATMs each, across the country on November 19, its founder’s day, to commemorate the bank’s 105th year of service to the nation.
Finance Minister Pranab Mukherjee would inaugurate them in New Delhi, the bank said in a release here today. Out of 105 branches being opened, 93 are in the semi-urban and rural areas. These branches are spread across 22 states and 10 of them are micro-finance branches.
To support inclusive growth and drive financial inclusion, the bank would also issue 100,000 General Credit Cards (GCC), 50,000 Smart Cards and open 10 Financial Literacy and Credit Counselling Centres (FLCC) pan-India. With the nationwide opening of 105 branches and 105 ATMs, the bank’s domestic network would be expanded to 3,167 branches and 2,122 ATMs.
The bank has set a target of adding 1,000 branches and doubling the ATM network to 4,000 within the next two-three years.
The bank also plans to open branches in Bahrain, South Africa, Qatar, Germany, Oman, the USA, Brazil, Tanzania and Japan. November 19 also marks the birth anniversary of its late founder Ammembal Subba Rao Pai, who founded the bank in 1906.
