Monday, November 7, 2011

Canara bank total business

Total business of Canara bank as on Sep 2011 reached 5,30,515 crores, recording a YoY growth of 24.8%. Total deposit increased to Rs. 3,12,577 crores.

Current Account Savings Account (CASA) deposits for the bank stands at 80,775 crores or 26.7% of total domestic deposits.
RBI recently deregulated the interest rates on Savings Account which could impact the margins of the bank going forward.

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