Canara Bank

Headquartered in Bangalore, Canara Bank India is the 5th biggest bank in India. It is one of the most admired banking and financial services providers in India.

About Canara Bank India

Canara Bank was founded in 1906 and it is one of the oldest banks in India. It is one of

the biggest public sector commercial banks in India and is a major competitor of private sector banks like ICICI and HDFC. Canara Bank India offers a varied range of financial products and services like consumer banking, investment banking, retail banking, commercial banking, private banking, pensions, asset management, credit cards and mortgages.

Currently, the chairman and managing director (CMD) of Canara Bank is A.C. Mahajan and the Executive Director of the bank is K. L. Jagadish Pai. The bank has a countrywide presence with 3,043 branch offices and more than 2,000 ATMs.

The customer base of Canara Bank has gone past 37 million and its goal is to become a major financial conglomerate in India. Since the time of its inception, Canara Bank has achieved a number of milestones. The bank was the first to introduce Inter-city ATM Network, specialized subsidiary for IT consultancy, authorizing of specialized Mahila Banking Branch, credit card for farmers and so on. The bank is also famous for offering agricultural consultancy services.

Canara Bank has achieved significant growth and has positioned itself as a key player in terms of client base and accessibility.

Subsidiaries of Canara Bank India

Canara Bank carries out its countrywide operations with the help of a group of its subsidiary companies and the names of those companies are listed below:

1. Canara Robeco Asset Management Company Limited
2. Canara Bank Securities Limited
3. Canbank Financial Services Limited
4. Can Fin Homes Limited
5. Canbank Computer Services Limited
6. Canbank Venture Capital Fund Limited
7. Canbank Factors Limited

Overseas branches of Canara Bank India

The overseas branches of the bank are located in the following areas:

1. London
2. Leicester
3. Hong Kong
4. Shanghai
5. Moscow
6. Dubai
7. Doha

Canara Bank has also launched money transfer facilities like Electronic Fund Transfer Facility and Western Union Money Transfer Facility.

Products and services offered by Canara Bank

The diverse range of products and services offered by Canara Bank includes the following:

Personal

1. Loan Products
2. Savings & Deposits
3. Mutual Funds
4. Technology Products
5. International Services
6. Insurance Business
7. Consultancy Services
8. Card Services
9. Ancillary Services
10. Depository Services

Corporate

1. Cash Management Services
2. Accounts & Deposits
3. Syndication Services
4. Loans & Advances
5. Merchant Banking Services
6. IPO Monitoring Activity
7. TUF Schemes

NRI Banking

1. Loans & Advances
2. Deposit Products
3. Consultancy Services
4. Remittance Facilities
5. Other Services

Priority Credit

1. Schemes
2. SME Marketing
3. SME Business
4. Agri-Marketing
5. RRB Division
6. Rural Development
7. Agri-Consultancy
8. Social Banking
9. CED for Women

Canara Bank India Contact Details

Canara Bank Headquarters
Bangalore, India

Canara Bank
Head Office
112, J C Road
Bangalore - 560 002

http://www.canarabank.com/