Canara Bank Recruitment 2017 | Latest Result, Admit Card, Syllabus

Canara Bank is an Indian state-owned bank headquartered in Bangalore, Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country. The government nationalized the bank in 1969. As of September 2016, the bank had a network of 5849 branches and more than 10026 ATMs spread across India. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, Bahrain, South Africa Dubai, Tanzania and New York.

Canara Bank
Type
Public
IndustryBanking, financial services
FoundedCanara Bank Hindu Permanent Fund (1906; 111 years ago
at Mangalore, India)
Canara Bank Ltd (1910)
Canara Bank (1969)
HeadquartersBangalore, Karnataka, India
Area served
Worldwide
Key people
Shri T. N. Manoharan(Chairman), Shri Rakesh Sharma (MD & CEO)
ProductsConsumer banking, corporate banking, finance, and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management, credit cards,
OwnerGovernment of India
Number of employees
53,508 (2016)
Tollfree 1800 425 0018
Websitewww.canarabank.com

 

Ammembal Subba Rao Pai, a philanthropist, established the Canara Hindu Permanent Fund in Mangalore, India, on 1 July 1906.The bank changed its name to Canara Bank Limited in 1910 when it incorporated.Canara Bank’s first acquisition took place in 1961 when it acquired Bank of Kerala. Bank of Kerala had been founded in September 1944 and at the time of its acquisition on 20 May 1961 had three branches. The second bank that Canara Bank acquired was Seasia Midland Bank (Alleppey), which had been established on 26 July 1930 and had seven branches at the time of its takeover.

In 1958, the Reserve Bank of India had ordered Canara Bank to acquire G. Raghumathmul Bank, in Hyderabad. This bank had been established in 1870 and had converted to a limited company in 1925.In 1996, Canara Bank became the first Indian Bank to get ISO certification for “Total Branch Banking” for its Seshadripuram branch in Bangalore. Canara Bank has now stopped opting for ISO certification of branches.

Canara Bank established its International Division in 1976. In 1983, Canara Bank opened its first overseas office, a branch in London. Two years later, Canara Bank established a subsidiary in Hong Kong, Indo Hong Kong International Finance. In 2008-9, Canara Bank opened its third foreign operation, this one a branch in Shanghai. Later Canara Bank established a branch each in Leicester and Bahrain, and converted its Hong Kong subsidiary into a branch. It also has a representative office in Sharjah.Together with State Bank of India, Canara Bank established a joint venture in Moscow, Commercial Bank of India LLC.Canara Bank opened its seventh overseas branch in New York, USA on 10 June 2014.

Subsidiary companies

  • Canfin Homes Limited (CFHL), with a network of 110 branches and 28 satellite offices throughout India.
  • Canbank Factors Limited
  • Canbank Venture Capital Fund Limited
  • Canbank Computer Services Limited
  • Canara Bank Securities Limited
  • Canara Robeco Asset Management Company Limited
  • Canbank Financial Services Limited
  • Canara HSBC Oriental Life Insurance Company Limited

Regional rural banks: Canara bank is a state level lead bank in Kerala. Canara Bank sponsors two regional rural banks (RRB)

  • Kerala Gramin Bank – It is the largest RRB in India. Its headquarters are at Malappuram and it operates in all districts in Kerala. It was established in 1976 as a Scheduled Commercial Bank. [1]
  • Pragathi Krishna Gramin Bank has its headquarters at Bellary, Karnataka, and has 645 branches spread over eleven districts.
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