Canara Bank won Emerging Asia Banking Awards
Canara Bank has won multiple awards at the Emerging Asia Banking Awards, organized by the Indian Chamber of Commerce. The awards recognize banks that have demonstrated outstanding performance in various areas, including growth, profitability, risk management, and asset quality.
Canara Bank was awarded the Best Performance on Growth award. The bank has shown strong growth in recent years, with its net profit increasing by 15% in the financial year 2022-23. Canara Bank has also been expanding its operations, opening new branches and ATMs across India.
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In the Best Performance on Profitability category, Canara Bank was the 2nd runner-up. The bank's net profit of Rs. 10,000 crores in the financial year 2022-23 was only slightly lower than the winner, State Bank of India. Canara Bank's profitability has been consistently strong over the past few years, and it is one of the most profitable banks in India.
Canara Bank was also awarded the 2nd runner-up in the Best Performance on Risk Management and Best Performance on Asset Quality categories. The bank has a strong risk management framework in place, and its asset quality has remained healthy in recent years.
Read Also : Jahangeer Alam Ansari Selected as Director (Finance) of Goa Shipyard LimitedIn the Best Bank of India category, Canara Bank was the Runner Up. The winner of this award was the State Bank of India. Canara Bank is one of the largest banks in India, with a wide network of branches and ATMs across the country. It offers a wide range of banking products and services to its customers.
The Emerging Asia Banking Awards are a prestigious recognition of Canara Bank's performance. The bank's strong performance in various areas is a testament to its sound business strategy and its commitment to providing excellent service to its customers.
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