Canara Bank opens first ME office in Sharjah, sees 'big opportunity' | TradingMarkets.com

India's Canara Bank, the country's third-largest bank in terms of domestic operations, opened its first Middle East representative office in Sharjah on Sunday with a positive outlook of doing business here in the UAE.

The bank, instituted in 1906, has "a rich tradition of financing," and has not shown any loss during its 104 years of existence, A C Mahajan, Canara Bank's Chairman and Managing Director, told Khaleej Times after the inauguration.

"Canara Bank is a very premier organisation, with a motive of serving the society... the interests of businesses and the poor are protected, and investments are secure," he said.