A recent press report said that Canara Bank is likely to fill-up 3000 vacancies in various categories during this year.
Ms. Archana S Bhargava, Executive Director, of the bank told the press that apart from clerks, probationary officers, and agricultural officers, specialist positions in areas such as information technology would also be filled-up.
She said that the bank has significant retirements which are to be replaced and branch expansion program during the current year and that over 250 branches are expected to be added before March 2012 to the present network of 3,350 branches.
Ms. Archana S Bhargava said that the thrust areas for the bank in the present financial year would be retail and branch expansion and that it will focus on retail segment along with stability in Current Account and Savings Account (CASA).
She also said that three new microfinance branches would be opened in Andhra Pradesh as part of its focus on microfinance and Self Help Group (SHG) linkage,.
On speaking about the policy rates, she told the press that the Reserve Bank of India is expected to hike rates again in the ensuing policy review and that the rates are likely to go up.
The lending portfolio of the bank includes home loan, personal loan, car loan, educational loan etc.