Canara Bank may make an acquisition this year : Rao

Canara Bank has hinted that during the current year it may acquire a bank which can increase its footprint in the North and West India. "We are still examining it (possibility of acquisition). Definitely in the current year we should see some action," the Canara Bank CMD, Mr B N Rao, said. "We are strong in the South. But actually lot of growth is taking place in the North and the West." While making an acquisition, Canara Bank would prefer a bank that has a good footprint in these areas, he said.