Canara Bank moved to Four tier Organisation Structure
Canara Bank has moved from a three-tier to a four-tier organisation structure – comprising head office, 21 circles, 118 regional offices (ROs) and 5,847 branches across the country. The bank had pilot launched its four-tier structure on Apri1 15 this year in two circles – Bengaluru (Karnataka) and Thiruvananthapuram (Kerala) – with 19 ROs. Now, the bank is opening the remaining 19 circles and 99 ROs effective Thursday. The bank had moved to a three-tier organisation structure in 2006. While inaugurating the 19 circles and 99 ROs, Rakesh Sharma, MD and CEO of the bank, said: “Being a front-ranking large commercial bank in the country, we must change our structure to be more agile, stay in tune with the times, drive business, and bring in sustained growth by establishing more ‘Connect with the Branches and Customers’ initiatives.”
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