R.K.Dubey, the Chairman and managing Director of Canara bank informed that this public sector bank has able to achieve higher productivity rate of work force. On the eve of 108th establishment anniversary, he mentioned that Canara bank now reflects an amount of 14.28 cr business per employee.
The group of dedicated manpower is now helping to pull off a higher productivity rate. The work productivity is now enjoying a capital adequacy ratio between 10.62% to 8.52% which is above the margin.
On the portfolio segment, the bank has served different blocks of financial sectors. Having the lowest base rate in the banking industry and at the same time it enjoys a special financial growth through retail loans, education, housing and auto loans. Now the bank is concentration upon the education loan.
To enhance the financial scenario of the bank, now bank started two new projects, named Unnati and MSE Pragati. Through it’s unique functions.