Canara Bank to set up 38 branches in J&K

Canara Bank today decided to expand its business in Jammu and Kashmir and will set up 38 more branches in the state.
"We will expand our business in Jammu and Kashmir -- we will set up 38 more branches in J&K and increase them to 51 branches one and half years," Chairman of Canara Bank R K Dubey told reporters here today.
Dubey further said that 13 branches of the Bank are already operating in the State.
"We have shortlisted 300 boys and girls for their training in bank and later observing them after successful raining -- they were selected among 13,000 students who applied for the jobs," he said.

These selected students after training would be posted in Jammu and Kashmir, he said adding that after 2 to 3 years period they would be posted as Branch Managers as per their performance.
Bank as part of its Corporate Social Responsibility has taken a special initiative under 'UDAAN' by government of India in association with NSDC & in co ordination with the government of Jammu & Kashmir.

Dubey lauded the efforts of Chief Minister, Omar Abdullah focused on the holistic development of youth and said that Canara Bank will provide three months training to the selected 300 youth and place them in various capacities of officers and clerks in the Bank after completion of their trainings.

He said the officer will receive Rs. 5.79 lakh salary per annum while the salary of the clerk will be of the order of Rs 2.67 lakh yearly.
"You have a great opportunity to grow in Canara Bank as there are numerous places and posts vacant at higher levels awaiting you," he said and added that he has himself risen to the position of Chairman and Managing Director of Canara Bank from the post of a Probationary Officer.
Dubey said that presently Canara Bank has more than 4,500 Branches across the Country besides Business Units outside the Country.
He said this number is likely to increase to 6,000 during the next year. He welcomed the newly selected youth under UDAAN in the family of Canara Bank and expressed the hope that other Banks will also follow the Canara Bank in recruiting qualified youth from the State.