Canara Bank was established in 1906 by Shri AmmembalSubbaraoPai, an eminent lawyer, educationist, social reformer and a visionary par excellence.
Established as the Canara Hindu Permanent Fund in Mangaluru, India, it was renamed as Canara Bank Limited in 1910.
The Bank was nationalized, along with 13 other major commercial banks of India, on 19 July 1969.
Canara Bank created Education fund to help deserving students in 1952.
In 1954, the administrative officeof the Bank was shifted from Mangaluruto Bengaluru.
Canara Bank Tag line is – “Together We Can”
NETWORK OF THE BANK
Canara Bank is having domestic branch network of 6305 branches comprising 1825 rural branches, 2007 semi-urban branches, 1224 urban branches, 1272 metropolitan branches as on Dec’19.
CANDI: Canara Digital Branch with fully automated facilities and robotic assistance for customers to open accounts and do transactions themselves. (opened branch at Bangalore, Chennai, Delhi, Mumbai, Chandigarh and Indore).
Canara Bank is having 5 overseas branches, one each at London, Hong Kong, New York, Johannesburg and DIFC (Dubai).
Canara Bank is having its domestic Subsidiaries viz. Canara Robeco Asset Management Company Limited, Canbank Financial Services Limited, Canara Bank Securities Limited, Canbank Computer Services Limited, Canbank Factors Limited, Canbank Venture Capital Fund Limited and Canara HSBC Oriental Bank Of Commerce Life Insurance Company Limited.
Canara Bank has two sponsored Regional Rural Banks, viz., KarnatakaGramin Bank and Kerala Gramin Bank.
Chairman- Shri. T.N. Manoharan
Managing Director & Chief Executive Officer-Shri. L.V.Prabhakar
Executive Directors- Shri. M.V Rao, Shri. Debashish Mukherjee&Ms. A. Manimekhalai
FINANCIALS OF THE BANK
Canara Bank is one of the largest public sector banks in India with a total business of Rs. 10.63 lakh crore as on Dec’19.
Total Deposits of Canara Bank stoodRs. 625240 Cr and Gross Advances of Canara Bank stood at Rs. 438210 Cr as at Dec’19.
Net Profit of the Bank for the current financial year (9 months) is at 1024 Cr.
Canara Bank has several digital and innovative products to suits every customer’s needs.
CANDI- Mobile Banking App –“One Bank, One App” Official mobile banking application of the bank enabled all requirement.