Canara Bank to invest in tech to attract the young

Canara Bank plans to invest significantly in technology with a view to wooing younger customers. Mr. S.Raman, CMD,Canara Bank advised that the Bank would invest as much as it requires to make the Bank the most technologycally advanced Bank. The Bank will also invest in recruiting specialities such as IT professionals and Chartered Accountants.The Bank will recruit 100 IT professionals, 100 Chartered Accountants, risk analysts and young people with technical skills, he added. There are also plans to appoint officers to exclusively work in rural branches. The Bank is also embarking on branch expansion plans, including a better ATM network. Canara Bank also plans opening branches in Africa,"possibly Nigeria, South Africa and Kenya", he added.(BL 21.10.2010)