Canara Bank looks to grow business to Rs 30 trillion in five years

After crossing business growth of Rs 20 trillion in December, public sector lender Canara Bank is looking to grow its business – deposits plus advances – to Rs 30 trillion in about five years.

As of March 2020, that is before amalgamation – Canara Bank business was over Rs 10 trillion and on April 01, 2020 – Syndicate Bank having business of Rs five trillion was merged with Canara Bank. So both put together, the business was Rs 15.6 trillion, which in about two years and nine months has touched Rs 20 trillion. That is about Rs 4.4 trillion of business