Canara Bank got license to open a branch in New York
To expand its global presence, the Canara Bank received a license from the US regulators to open a branch in New York. As stated by the Chairman and Managing Director of Canara Bank, R. K. Dubey, the Board of Governors of the US Federal Reserve approved the proposal of the bank to open a branch in New York. This is the first time that an Indian bank has secured an approval of the US regulators.
About Canara Bank
- An Indian state-owned bank.
- Headquarters: Bangalore, Karnataka.
- Founded: 1906
Operates in four segments: treasury operations, retail banking operations, wholesale banking operations and other banking operations.
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Month: Current Affairs - December, 2013