State-owned Canara BankBSE -0.12 % expects a credit growth of 20 per cent in the current fiscal on the back of increased economic activity in the country.
"We are hoping a credit growth of 18-20 per cent and also deposit growth in the same range," Canara Bank Chairman and Managing Director R K Dubey told PTI.
The total advances of the Bangalore-based bank stood at Rs 2,43,936 crore at the end of March 2013 as compared to Rs 2,33,607 crore at the end of financial year 2011-12, an increase of 4 per cent.
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