As per the report appearing in The Economic Times, Canara Bank, the country's third largest public sector lender, is looking at acquisitions in the regions where it has little presence. Mr. A.C. Mahajan, Chairman and Managing Director, Canara Bank has said that they are looking at geographical synergy to have an inorganic growth where they are not present. He also said that they are deficient in Gujarat and Maharashtra and not having excessive presence in Haryana.
The statement of CMD, Canara Bank assumes significance in the wake of informal meeting of top five banks called by the Finance Ministry on the issue of consolidation.
Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance-/banking/Canara-Bank-exploring-possibility-acquisition-for-growth/articleshow/5248476.cms
CANARA BANK EXPLORING POSSIBILITY ACQUISITION FOR GROWTH
Labels: BANKING N FINANCE
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment