Canara Bank

Canara Bank is one of the most prominent commercial banks in India. The Bank was established in year 1906 in Mangalore, Karnataka by a known personality Mr. Ammembal Subba Rao Pai. In the beginning was founded with the name of Canara Bank Hindu Permanent Fund, but later the name was changed to Canara Bank Limited.

Mr. Ammembal Subba Rao Pai had imagined that the bank not only to offer financial services but also with social causes, such as removal of superstition and ignorance, promoting habit of saving, which provides assistance to people in need and develop a sense of humanity among humans.

Key attributes:

Apart from the other benchmarks in this area includes comprehensive banking services to consumers, Canara Bank has a number of achievements to its credit, in particular, is the first bank in India to have launched the Inter-City ATM network, which is the first bank to have been awarded ISO certification for one of its branches, giving credit to farmers for first time in India along with providing Agricultural Consultancy Services.

Vital information:

Canara Bank has established a strong presence in the country, with 2710 branches across the country from September 2008. The Bank can boast of having the maximum number of ATM installations, among all the nationalized banks put up more than 2000 of them at 698 centers. Also, 1351 branches of the bank provides Internet and Mobile Banking (IMB) services, while 'Anywhere Banking' services are being provided in 2027 of its branches. All branches of Canara Bank on Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (Neft) transactional facilities to ensure a smooth and quick transfer of resources from every corner of the nation in another corner.

Products and Services:

Canara Bank offers a wealth of banking and value to its customers, which include Personal Banking Services, Corporate Banking Services, NRI banking and Priority & small banks.

July 1, 1906 Canara Hindu Permanent Fund Ltd. formally registered with a capital of 2,000 shares of Rs.50 / - each with 4 employees.

1910 Canara Hindu Permanent Fund renamed as Canara Bank Limited

1969 14 largest banks in the country, including Canara Bank, nationalized July 19

1976 1000. Branch inaugurated

1983 Overseas branch in London is inaugurated

Can map (Bank Credit) launched

1984 Merger with Laksmi Commercial Bank Limited

1985 Commissioning of the Indo Hong Kong International Finance Limited

1987 Can Bank Mutual Fund & Can fin Homes launched

1989 Can Bank Venture Capital Fund started

1989-90 Can Bank Factors Limited, factoring subsidiary launched

1992-93 was the first bank to devise and adopt the directive principles of "Good

Banking".

1995-96 was the first bank to be conferred with ISO 9002 certification for one of its branches in Bangalore

2001-02 opened a "Mahila Banking Branch ', the first of its kind in Bangalore, caterers only economic demands of women clientele.

2002-03 Maiden IPO of Bank

2003-04 Launched Internet & Mobile Banking Services

2004-05 100% Branch computerization

2005-06 Erected 100: e-Years in Banking Services

Launched the Core Banking Solution in selected branches :

Number One position in the overall turnover among the nationalized banks

2006-07 Transferred Number One position in the overall turnover among the nationalized banks.

Signed MoUs for commissioning Two JVC in Insurance and Asset Management with international oil companies say HSBC (Asia Pacific) Holding and Robeco Groep NV respectively.

2007-08 launching the new brand identity

Incorporation of Insurance and Asset Management JVC

Launch of 'Online Trading Portal

Launch a "Call Center"

The transition to the new Basel II Capital Framework

2008-09 Bank crossed the coveted Rs. 3 lakh crore in the total turnover

Bank's 3rd foreign branch in Shanghai, ordered

As of June 2009 stood the entire business of the bank at Rs. 3, 34,325 crore.