Canara Bank West Bengal IFSC code, MICR code, Address
Canara Bank branch details in West Bengal
Last Updated 27th Mar 2017
Canara Bank has 286 branches in West Bengal spread over 19 districts of Alipurduar, Bankura, Bardhaman, Birbhum, Coochbehar, Dakshin Dinajpur, Darjeeling, East Midnapore, Hooghly, Howrah, Jalpaiguri, Kolkata, Malda, Murshidabad, Nadia, North 24 Parganas, Purulia, Siliguri, South 24 Parganas, Uttar Dinajpur, West Medinipur.
Kolkata district, with 58 branches has the largest number of Canara Bank branches in West Bengal followed by South 24 Parganas district with 31 branches and Bardhaman district with 28.
District wise distribution of Canara Bank branches in West Bengal is as below. To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the district where the branch is located.
Canara Bank has reduced its overnight and three months marginal cost of lending rate to 8.90 and 9.05 percent from 9.05 and 9.20 percent earlier. The bank has also reduced its six months and one year lending rates by 15 basis points to 9.10 and 9.15 percent from 9.25 and 9.30 percent respectively. Revised rates are effective from 7th December, 2016.
As per the results of Q1FY17, Canara Bank reported a decline of 52.2 percent in its Net Profit to Rs 229 Crore. Net Interest Income of the bank declined by 8.3 percent to Rs 2,307.4 Crore in the quarter ended June 2016 from Rs 2,516.5 Crore in year-ago period due to weak loan growth. Advances declined by 0.9 percent to Rs 3.21 lakh Crore while deposits declined by 1.4 percent to Rs 4.65 lakh Crore when compared on yoy basis . Other income (non-interest income) increased by 42.4 percent to Rs 1,584.65 crore while operating profit fell 9.2 percent to Rs 1,819 Crore when compared on yearly basis. Provisions for bad loans increased sharply by 76.4 percent sequentially to Rs 1,492.92 crore but increased 9.8 percent on yearly basis. Asset quality showed sign of weaking as Gross NPA increased 31 basis points sequentially to 9.71 percent and Net NPA increased by 27 basis points to 6.69 percent in June quarter.
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