Canara Bank opens 35 FI branches in 12 Districts of West Bengal
By Deepak Arora
 HOWRAH, Feb 27: Canara Bank today opened 35 FI branches at Unbanked Gram Panchayats in 12 districts of West Bengal. The branches were soft-launched from the State Secretariat, Nabanna, Howrah.
With these 35 new branches , the total number of branches reached 199 in the State of West Bengal.
On the day, the new FI branches canvassed 37628 Savings Accounts and Rs 11.14 crore loans sanctioned under KCC/GCC/Micro/IOD.
Recently, Canara Bank adopted Uttar Rajapur Village near Shonepurhat in South 24 Pgs for all-round development of the village. Under other Financial Inclusion initiatives of the Bank in the State of West Bengal, 1,88,816 number of Basic Savings Accounts opened against a target of 47,400 and 16,043 In-built Over-Draft Accounts amounting to Rs 11.49 crore disbursed.
During the current financial year, the Bank has opened 77 branches in the State of West Bengal and out of which 46 branches were opened in Rural areas. Bank has also opened 5 e-Lounges and 78 ATMs during the current year and the Bank is also providing ATMs to all the Rural Branches in the State.
Coal India production at 42 MT in Feb; misses target
NEW DELHI, March 4: State-owned Coal India (CIL) produced 42.56 million tonnes (MT) of coal in February, missing its target of 45.41 MT. however, no reasons were given by the company for missing the target.
The company's offtake during the month was at 40.48 MT, while CIL target for February was 43.02 MT, the company said in a filing to BSE on Monday.
CIL's production in the first eleven months of the current fiscal was 409.13 MT, while the company's target during the period was 429.29 MT, it said.
The company's offtake during April-February period was 426.44 MT, against the target of 444.20 MT, it added.
The state-owned firm had earlier said that it may miss the production target of 482 MT for the 2013-14 fiscal by around 5 MT.
The company had said that cyclone Phailin as well as law and order problems at its subsidiaries Mahanadi Coalfields Ltd and Central Coalfields Ltd would be among the reasons for the likely shortfall.
CIL had suffered a production loss of over one MT due to the shutdown of mining activities in Talcher Coalfields in Odisha.
Coal Minister Sriprakash Jaiswal had earlier asked the state-owned company to ensure that the output target for FY 2014 is met.
Mining activities at Talcher Coalfields in Odisha, including coal transportation, came to a halt in November, last year following violence by a group of labourers protesting the arrest of some of their colleagues at Jagannath area in Angul district.
The mining activities in around 6 coal blocks (in Talcher Coalfields) of Coal India subsidiary Mahanadi Coalfields Ltd were affected due to violence.
According to a CIL official, the PSU suffered production loss in October, 2013 due to Cyclone Phailin, which affected the key coal producing states of Odisha, Jharkhand and West Bengal.
CIL, which accounts for over 80 percent of the domestic production, contributed 452.5 MT of coal in 2012-13 as against the target of 464 MT.
 Canara CMD Dubey opens new branch, 2 ATMs at Saragur
By Deepak Arora
MYSORE, Feb 25:
Canara Bank, a premier Bank of the country, opened a Branch and two ATMs at Saragur, H D Kote Taluq, Mysore District on Tuesday. With this total number of Branches under Canara Bank, Mysore Circle rose to 138, covering five districts viz., Mysore, Hassan, Kodagu, Mandya and C R Nagara.
Mr R K Dubey, Chairman and Managing Director, Canara Bank inaugurated the new Branch and two ATMs¸ one at Branch premises and another ATM at Swami Vivekananda Memorial Hospital, Saragur.
Aslo present on the occasion were Dr. Seetharam M R, President, Swami Vivekananda Youth Movement, Dr. R Balasubramanyam, Chairman, Swami Vivekananda Youth Movement and Mr Ramakrishna Mudre, Deputy Director, V-Lead.
 Speaking on the occasion, Mr Dubey said that today Canara Bank is growing from
strength to strength by increasing its Branch and ATM network substantially and
Business volume of the Bank touched Rs 7 lakh crore, as on December 2013.
Branch expansion for the current financial year has been one of the major initiatives of the Bank, opening as many branches as possible in all potential centres and remote villages as well, under financial inclusion concept.
He also mentioned the e-initiatives of the Bank, with regard to recently launched Canara E-Infobook, enhanced features under Mobile and internet Banking, missed call facilities to customers to know their balances under various schemes and requested the general public to encash these facilities by Banking with Canara Bank.
Earlier, Dr. S T Ramachandra, Deputy General Manager, in his welcome address, informed that, Mysore Circle is going to add few more Branches in the current financial year, in centres like Mysore, Mandya and Gundlepet.
Branch Manager Mr Muralidhar Bhat proposed vote of thanks and assured best of the services to customers on this occasion. Mr N S Nagaraju and Mr KS Hebbar, Asst.
General Managers, were also present on the occasion.
 Canara CMD Dubey addresses Export Risk Management Conclave
BANGALORE, Feb 21:
An “Export Risk Management Conclave 2013-14” was organized by Export Credit Guarantee Corporation of India Ltd. jointly with Dun & Bradstreet here on Friday.
Canara Bank Chairman & Managing Director, Mr R K Dubey, was the Guest of Honour.
Besides Mr R K Dubey, present on the stage were Mr Kaushal Sampat, President & CEO, - India, Dun & Bradstreet, Mr D S Dhesi, CMD, MMTC Ltd. and Additional Secretary, Ministry of Commerce & Industry, Government of India and Mrs Geetha Muralidhar, Executive Director, ECGC of India Ltd.
 Canara CMD Dubey inaugurates 5 e-Lounges in Kolkata
By Deepak Arora
KOLKATA, Feb 17:
Canara Bank Chairman & Managing Director, Mr R K Dubey, inaugurated 5 e-Lounges at Chowringhee, Hare Street, Jadavpur, Sarat Bose Road and Thakurpukur here on.
These e-Lounges will provide 24 hours uninterrupted Banking services like ATM, cash deposit, clearing cheque deposit, pass book printing, coin vending, dedicated computers for Internet Banking and Online trading with the help of Television channels and telephone also for use by the customers.
On the day Canara Bank also organized one Mega Insurance [Life, Health, General], Mutual Fund Expo at Chowringhee branch.
Canara ED AK Gupta opens opens new branch, E-Lounge at Mysore
By Deepak Arora
 MYSORE, Feb 17: Canara Bank Executive Director Mr Ashok Kumar Gupta inaugurated the 137th Branch and an E-Lounge at N R Mohalla in Mysore Circle here on Monday. With this Canara Bank has 24 branches and 3 E-Lounges in Mysore City.
Addressing the customers and other invitees on this occasion, Mr Gupta said that Canara Bank, which started in a small village in the year 1906, today has grown leap and bounds with the support of its loyal customers, for whom Bank is willing
to extend all facilities.
Continuing further, he said that Bank is opening many more overseas branches in the days to come and our NRIs and their relatives in India should make best use of these initiatives of the Bank.
Earlier, welcoming Customers, Invitees and Executive Director, Dr. S T Ramachandra,
Deputy General Manager, Circle Office Mysore, said that, E-Lounge facility will provide all major Banking services to customers on 24 x 7 basis and people must take advantage of the same.
Branch Manager P Krishnamurthy promised best of the services to the customers.
On this occasion, landlord of the Branch premises Syed Elias was honoured by the Executive Director.
Mr Divakar Shetty, Asst. General Manager, proposed a vote of thanks.
Canara Bank holds 'Financial Expo' at Bangalore
 BANGALORE, Feb 17: Canara Bank Circle Office Metro, Bangalore organised "Financial Expo" at National Games Village, Koramangala, Bangalore on February 15 and 16 to give publicity to the third party products namely insurance, mutual find, non-life insurance and health insurance in association with Canara HSBC OBC Insurance Company, Canara Robeco Mutual Fund, Apollo Munich Health Insurance Co Ltd and United India Insurance Company Ltd.
A health check up camp was also arranged for the benefit of the general public during these two days.
Mr Krishna Kumar, Executive Director, Canara bank, inaugurated the Expo.
Cheques of substantial amount of business, which was sourced under insurance and mutual fund was handed over to the Executive Director by Mr Ravindra Bhandary, General Manager, during the event.
Customers and general public, executives and staff members of the bank were present during the event.
Response from the general public was overwhelming and the expo has created very good awareness about the Bank's third party products.
Canara Bank bags Chanakya Award 2014, 6 other PRCI Awards
By Deepak Arora
MUMBAI, Feb 15: Canara Bank, a leading nationalised Bank, has bagged seven awards, including the "Chanakya Award 2014" instituted by Public Relations Council of India (PRCI).
The Canara Bank Chairman and Managing Director, Mr R K Dubey, received the Chanakya Award given for National Achievers at a glittering function held at Hotel Orchid here on Friday during PRCI Conclave.
The other awards received by the Canara Bank were:
Corportate Collateral Gold Award in the Corporate Film category for Documentary Film by ORG/ NGO and Television Commercial (Public Service) category for "GCC and Pragathi Scheme".
Corportate Collateral Silver Awards in the Annual Report and Calender 2014 categories.
Corportate Collateral Bronze Award in the Corporate Event category for Foundation Day Celebrations.
Corportate Collateral Apprreciation Award in the Corporate Publication category for "Centunary Rural Development Trust".
These awards are in addition to "Chanakya Award 2014" given for National Achievers to Canara Bank by PRCI.
Canara Bank enters into strategic partnership with StarAgri to assist farmers
By Deepak Arora
 BANGALORE, Feb 12: Canara Bank has entered into a Strategic partnership with StarAgri warehousing and Collateral Management Ltd to assist farmers in financing their requirements at all stages of the supply chain, ranging from pre-harvesting to the marketing and export stages.
Mr Amith Agrawal, Director StarAgri, signed the agreement with Mr S S Bhat, General Manager, PC & FI Wing, Head Office, Canara Bank, in the presence of Mr Rajesh Gupta, General Manager, Finance, StarAgri, Mr A K Das, Deputy General Manager, PC & FI Wing, Head Office, Canara Bank.
The exchange of MoU between Canara Bank and StarAgri was done in the presence of Executive Directors Mr V. S. Krishna Kumar and Mr P S Rawat.
Mr Amith Agrawal expressed his happiness in signing the MoU with Canara bank and assured to assist Canara bank in extending finance under Ware House receipt minimum to the extent of Rs 150 cr by March 2014.
He said this partnership will enable us to mitigate credit risk for our Commodity Finance product offerings.
StarAgri has been empanelled as collateral manager by reputed banks and FIs like IDBI Bank, Punjab National Bank, ICICI Bank, Kotak Mahindra Bank, DCB Ltd, Axis Bank, Dena Bank, Punjab and Sind Bank, United Bank of India, State Bank of India, State Bank of Patiala, State Bank of Mysore, State Bank of Hyderabad, State Bank of Bikaner and Jaipur, Union Bank of India, Oriental Bank of Commerce, Central bank of India, Ratnakar Bank, Bank of Baroda, Corporation bank, Karur Vysa Bank, Indusind Bank Ltd, Yes Bank, Reliance Capital Ltd.
The company is governed by an independent and professional board. The company is having presence in 250 plus locations in 16 States as on March 2013.
Canara Bank launches new scheme to finance coffee processing industries
By Deepak Arora
 BANGALORE, Feb 10: Canara Bank, a leading nationalized Bank, has launched “Flavour" – a new scheme for financing coffee processing industries.
Canara Bank Chairman and Managing Director Mr R K Dubey launched the scheme during the Valedictory function of International Coffee Festival that concluded here recently.
Present on the occasion were Mr Anup Poojari, Director General Foreign Trade, Mr Javed Akhtar, Chairman of the Coffee Board and Mr Anil Kumar Bhandary, President of the Coffee Trust.
The scheme provides financial assistance to coffee processing industries up to Rs 100 lakh without any collateral security under CGMSE coverage.
Capital subsidy of 25 per cent is available from the Coffee Board.
Canara bank reaches 5000th ATM milestone
By Deepak Arora
 BANGALORE, Feb 7:
Canara Bank has opened its 5000th ATM at Raghavendra Fuels, a Hindustan Petrolleum outlet at Peenya 2nd Stage, Tumkur Road, here on Friday.
Canara Bank Chairman and Managing Director, Mr R K Dubey, inaugurated the ATM in the presence of Mr V S Krishna Kumar, Executive Director.
With this ATM, Canara Bank has 518 ATMs in Bangalore City and 1112 ATMs in the State of Karnataka.
Canara Bank is in expansion mode and has opened more than 800 branches and 1512 ATMs during the current financial year to provide better customer service and more delivery channels to customers.
Canara Bank has also introduced many new products for specialized categories of the society and has become preferred bank of all categories of customers. Under technology products also Canara Bank has introduced unique products like dual PIN operation of ATMs for Joint account holders, missed call balance enquiry, e-passbook on mobile & e-lounges which has been well appreciated by the customers. Debit card base of Canara Bank has crossed 1.38 crores.
Bank has a plan to take the number of ATMs to 6500 by March 31 this year and 10000 by March 31, 2015. Bank is determined to reach the regulatory guidelines of equipping all its branches with ATM well before March 31, 2014.
Canara Bank has a total network of 4594 branches which includes 5 overseas branches. Canara Bank has plan to open some more branches overseas shortly.
Bank’s Chief General Manager Mr K S S Kamath, General Managers Mr Ravindra Bhandary and Mr S K Verma and CCSO Mr B N S Ratnakar also graced the occasion.
Canara CMD Dubey inaugurates two new branches in Delhi
 By Deepak Arora
NEW DELHI, Feb 3: Mr R. K. Dubey, Chairman & Managing Director, Canara Bank inaugurated a new branch of the Bank at Fatehpur Beri here on Monday.
On this occasion he also declared opening of one more SME branch at Udyog Nagar through remote. With this addition network of Canara Bank in Delhi went up to 144 branches.
Mr T Sreekanthan, General Manager, Delhi circle along with other Executives and
Customers of Delhi were also present on the occasion.
Canara Bank is on expansion mode in Delhi adding new branches, ATMs and E-lounges as part of providing hi-tech delightful service to delhiites.
As a measure of CSR activity, stitching machines were donated to poor BPL families of an identified slum colony in West Delhi. Also, for the upliftment of underprivileged students, the Bank donated clothing materials to “SUMVIKAS”, a registered charitable trust.
|
