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Canara Bank going global!

Things are hotting up for one of the country’s largest banks, Canara Bank. It is reportedly eyeing an Indonesian bank to expand its international footprint.

Although it has a total business volume of Rs 2.4 lakh crore, close to 95% of this is generated in India. It has branch presence in London and Hong Kong besides a representative office at Shanghai and an exchange company in the Gulf. It expects the nod for converting the representative office at Shanghai into a full fledged branch shortly. Read more

PS: Their brand new ATM near Bharati Colony had a "blank screen" when I last check this Saturday :-)

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