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Board of Canara Bank approves 4 Tier organisation structure

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Capital Market

At meeting held on 12 January 2016

Canara Bank announced that the Board of the Bank in its meeting held on 12 January 2016 permitted the Bank to move to 4 Tier system ie., Head Office, Circle Offices, Regional Offices & Branches from the existing system of 3 Tier ie., Head office, Circle Offices and Branches in the next financial year in a phased manner in order to enhance the connect between the branches and controlling offices, strengthen the control mechanism and to improve business & profitability by improving the operational efficiency.

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First Published: Jan 13 2016 | 8:51 AM IST

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