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Tuesday, March 21, 2006

Canara Bank tops in credit ratio

The regional office of the Canara Bank celebrated its centenary here on Saturday. The bank felicitated Rajyotsava award winners from the district on the occasion.

Inaugurating the celebration, Gulbarga University Acting Vice-Chancellor P K Tiwari said the Bank had immensely contributed to the socio-economic development of the country.

Assistant General Manager P K Bhat said the Bank had several achievements in Gulbarga region. Having jurisdiction over Gulbarga, Bidar, Raichur, Koppal, Bijapur and Bagalkot districts and with a network of 34 branches, Gulbarga region has a credit deposit ratio of 133 per cent, which is the highest among banks in the region.

Bhat said the bank has achieved another milestone in the centenary year by crossing Rs 1000 crore business. It is also the first bank in the region to finance construction of rural godown and cold storage.

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