New Delhi, Jan 13:
Aimed at improving efficiency, public sector Canara Banks board has approved organisational restructuring by moving to 4-tier system that will allow the lender to set up regional offices for a better connect with branches across the country.
The board of the bank in its meeting held on January 12, 2016 permitted the bank to move to 4-Tier system i.e., Head Office, Circle Offices, Regional Offices and Branches from the existing system of 3-Tier i.e., Head office, Circle Offices and Branches in the next financial year in a phased manner, Canara Bank said in a BSE filing today.
The bank said this is being done to enhance the connect between the branches and controlling offices, strengthen the co…
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