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Canara Bank seeks Rs 1,000 cr for overseas expansion
July 30, 2013July 30, 2013by In Infrastructure Finance

Canara Bank seeks Rs 1,000 cr for overseas expansion

Canara Bank has sought Rs 1,000 crore infusion from the government to fund its overseas expansion. The bank has approached the Union government for the capital infusion," Canara Bank Chairman and Managing Director RK Dubey said in Delhi on July 29. Although the bank don't require funds for domestic credit expansion this fiscal, capital would be needed for overseas expansion, he said.