Canara Bank, the Indian finance house which provides overdraft finance, factoring, and mortgages, has posted a 31.3 per cent increase in net profit of Rs1,338 crore for March 31 2003-2004.
One of India’s oldest banks (established 1906), Canara recently launched a debit/ATM card and has also introduced Internet and mobile banking.
The bank's clientele number 25m and the aggregate business is worth around Rs1,33,984 crore.
It operates seven subsidiaries, which offer services like housing finance, factoring and venture capital finance. It is also active in the bancassurance field.
Source: BCR
