Canara Bank is one of the largest public sector banks owned by the Government of India. Its headquarter is in Bengaluru. It was established at Mangalore in 1906 by Ammembal Subba Rao Pai.

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About Canara Bank

It is one of the oldest public sector banks in the country. The government nationalized the bank in 1969. As of 30 October 2017, the bank had a network of 6639 branches and more than 10600 ATMs spread across all over India. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, Bahrain, South Africa, Dubai, Tanzania and New York

Vision of the Bank

To emerge as a ‘Preferred Bank’ by pursuing global benchmarks in profitability, operational efficiency, asset quality, risk management and expanding the global reach.

Canara Bank has several firsts to its credit.These include:

  • Launching of Inter-City ATM Network
  • Obtaining ISO Certification for a Branch
  • Articulation of ‘Good Banking’ – Bank’s Citizen Charter
  • Commissioning of Exclusive Mahila Banking Branch

Canara Bank Branches

Bank is having branches in India in the following States/UTs :

  • Andaman And Nicobar Island
  • Andhra Pradesh
  • Arunachal Pradesh
  • Assam
  • Bihar
  • Chandigarh
  • Chhattisgarh
  • Dadra And Nagar Haveli
  • Daman And Diu
  • Delhi
  • Kerala
  • Madhya Pradesh
  • Maharashtra
  • Manipur
  • Meghalaya
  • Mizoram
  • Nagaland
  • Odisha
  • Puducherry
  • Punjab
  • Rajasthan
  • Sikkim
  • Tamil Nadu
  • Telangana
  • Goa
  • Gujarat
  • Haryana
  • Himachal Pradesh
  • Jammu And Kashmir
  • Jharkhand
  • Karnataka
  • Uttar Pradesh
  • Uttarakhand
  • West Bengal
  • Tripura

Services

Services provided by Canara Bank are as follows :

1.Personal Banking

Canara Bank India provides the following services under the Personal Banking section :

  • Loans
  • Home Loans
  • Life Insurance
  • SB gold scheme
  • Loan against Property

2.Corporate Banking

Canara Bank provides par excellence services in Corporate Banking as well. These include:

  • TUF Schemes
  • Syndication Services
  • Cash Management Services
  • Canara electronic Tax

3.Education Loans

The educational loans by Canara Bank are provided to the meritorious students and the needy students. The funds are offered to the Indian students only. The loans are granted for pursuing graduate courses, professional courses and technical courses. Finance is provided by the Canara Bank for advanced studies abroad as well.

4.Home Loans

Canara Bank Home Loans are provided for the purchase or construction of houses and flats. The bank also offers loans for the renovation and furnishing of the existing house or flat. Loan amount subject to the maximum of ` 1,00,00,000 is provided to the customers. For site loans, the amount should be repaid within a period of 5 to 10 years. For other loans, the loan amount can be repaid with in 5 to 20 years.

Initiatives

Following Initiatives are given by Canara Bank:

Corporate Social Responsibility

CSR is an integration of business operations and values, whereby interests of all stakeholders including investors, customers, employees, the community and environment is reflected in company’s policies and actions.

It is a concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders on a voluntary basis. CSR is a tool that invokes the participation of corporate citizens for addressing larger societal issues such as poverty, hunger and social justice. It synergizes efforts of corporate and social sector agencies towards sustainable growth and development of social objectives at large.

CSR was initially a voluntary effort of the corporate organization to contribute to welfare of the society, to which it owes its existence and derives its strength. Governments around the world are increasingly establishing mandates for Corporates to shift from a purely bottom line approach (profit orientation) to triple bottom line approach (people, planet and profit).Companies Act 2013 is a step in that direction mandating companies to spend a minimum of 2% of their net profit on developmental activities.

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