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 :-)
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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