Canara Bank opens branch in New York

Written by Press Trust of India | Bangalore | Updated: Jun 11 2014, 05:55am hrs
Canara Bank on Tuesday announced it has opened its branch in New York its seventh overseas.

The bank has branches in London, Leicester (UK), Hong Kong, Shanghai, Bahrain & Johannesburg. Also, it has a Representative Office at Sharjah and a Joint Venture in Moscow.

Canara Bank plans to open branches/offices in Germany, Dubai, Brazil, Tanzania, Japan, Nigeria and Qatar during the current financial year, the bank said in a statement here.

The Bank's overseas business, which is at 5.72% as at March 2014, is projected to increase to 10% by the end of FY15.