Amid deposit mobilisation challenges, Canara Bank on expansion mode: CEO

Canara Bank is expanding its branches to address deposit mobilization challenges, with 150 new branches launched in FY23-24 and another 250 planned for FY25. CEO K Satyanarayana Raju emphasized investments in AI, ML, and cyber security. The bank plans partial stake divestment in its subsidiaries, aiming for listing by FY25-26.