Important Points to know about Canara Bank

    Important Points to know about Canara Bank
    Important Points to know about Canara Bank:
    Important points that we have to know about Canara Bank were given here, which will be more helpful for the candidates those who are preparing for the upcoming exams.

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    1). Canara Bank is an Indian state owned bank established atMangalore, Karnatakain1906

    2).Headquarters –Bangalore, Karnataka

    3).Managing Director and CEO –Rakesh Sharma

    4).It was established byAmmembal Subba Rao Pai, a philanthropist asCanara Hindu Permanent Fundin Mangalore on 1st July 1906

    5).In1910, the bank changed its name intoCanara Bank Limited

    6).TheGovernment of India nationalized theCanara Bank on 19thJuly1969

    7).Canara Bank is astate level lead bankin Kerala

    8).Canara Bank sponsors2 – regional rural banks (RRB)
    ·        Kerala Gramin Bank
    a)   It is the largest RRB in India
    b)   Headquarters – Malappuram, Kerala
    c)   Established – 1976 as Scheduled Commercial Bank
    ·        Pragathi Krishna Gramin Bank
    a)   Headquarters – Bellary, Karnataka
    b)   645 branches over 11 districts
    9). 1976– Canara Bank inaugurated its1000thbranch

    10). 1996– it became the1stIndian Bank to get theISOcertification for‘Total Branch Banking’ for itsSeshadripuram branch in Bangalore

    11).Importantacquisitions by Canara Bank
    ·        1961
    a)   Bank of Kerala
    b)   Seasia Midland Bank
    c)   G. Raghumathmul Bank, Hyderabad
    d)   Trivandrum Permanent Bank
    ·        1963
    a)   Sree Poornathrayeesa Vilasam Bank, Thrippunithura
    b)   Arnad Bank, Tiruchirapalli
    c)   Cochin Commercial Bank, Cochin
    d)   Pandyan Bank, Madurai

    12).Canara Bank has about5701 branches and9039ATMs across the country

    13).It has overseas branches in the following foreign cities
    ·        Dubai
    ·        Doha
    ·        Hong Kong
    ·        Moscow
    ·        London
    ·        New York
    ·        Shangai

    14).List ofsubsidiary companies of Canara Bank are as follows
    ·        Canfin Homes Limited
    ·        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

    15).Canara Bank partnered withUNEP to initiate asolar loan programlaunched in April 2003
    ·        It was a4-year program with a net cost of7.6 million dollars
    ·        It helped to accelerate the market for financing solar home systems in southern India

    16).Canara Bank networked all its branches and moved them to a single software platform using theFlexcube andOracle Financial Services Softwareapplications

    17).Its net worth –510 million US dollars

    18).Slogan –Together we can

    19). Products and services offered by Canara Bank are as follows
    ·        Investment Banking
    ·        Consumer banking
    ·        Retail banking
    ·        Private banking
    ·        Asset management
    ·        Pensions
    ·        Mortgages
    ·        Credit Cards
    ·        Commercial banking

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