Canara bank aiming to bring down NPA: RK Dubey

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Canara Bank is taking various measures, including loan restructuring, to bring down its mounting non-performing assets (NPA).

As against the overall 2.5 per cent NPA, education loan sector had an NPA of 9 per cent, followed by agriculture six to seven per cent and MSME sector five per cent pan India, said R K Dubey, Chairman and Managing Director.

Meanwhile, Dubey, here to review the performance of branches in Coimbatore circle, said the bank would take its total branches to 5,000 from the present 3,721, in another two years by setting up new ones in the North East, Jammu and Kashmir and Jharkhand among other states, with focus on rural and semi-urban areas.

Read more about: canara bank
Story first published: Wednesday, June 26, 2013, 9:21 [IST]
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