Canara Bank
Canara Bank is a state-owned financial services company in India. It was established in 1906, which makes it among the older Indian banks. As on 2009 November, the bank had a network of 3057 branches, spread across India. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, and Dubai. In terms of business it is one of the largest nationalized commercial banks in India, with a total business of about Rs.2 trillion (US$ 48 Billion).
Canara Bank is one of the Big Four Banks of India, along with ICICI Bank, State Bank of India and Punjab National Bank.
Brief History
The late Shri. Ammembal Subba Rao Pai, a philanthropist, established the Canara Bank Hindu Permanent Fund in Mangalore, India, on 1 July 1906.
The bank changed its name to Canara Bank Limited in 1910 when it incorporated.
In 1958, the Reserve Bank of India ordered Canara Bank to acquire G. Raghumathmul Bank, in Hyderabad.
The Government of India nationalised Canara Bank and 13 other major commercial banks of India, on 19 July 1969.
1976 Canara Bank had it's 1000th branch.
In 1983, Canara Bank opened its first overseas office in London.
Canara Bank acquired Lakshmi Commercial Bank in a rescue in 1984.
In 1984 Canara Bank established a subsidiary in Hong Kong, Indo Hong Kong International Finance Ltd.
In 1996 Canara Bank became the first Indian Bank to get ISO certification for “Total Branch Banking” for its Seshadripuram branch in Bangalore.
In 2005-2006 Entered 100th Year in Banking Service for people & launched Core Banking Solution in select branches.
In 2008-2009, Canara Bank opened its third foreign branch, this one in Shanghai.
Products and services of Canara Bank
Canara Bank offers a comprehensive range of products and services to its individual and institutional clients that include the following:
# Personal Banking
Savings & Deposits
1. SAVINGS BANK ACCOUNT
2. KAMADHENU DEPOSIT (Re-investment Plan)
3. SB GOLD SCHEME
4. CANARA TAX SAVER SCHEME
5. CANARA CHAMP DEPOSIT SCHEME
6. RECURRING DEPOSITS
7. CANARA SARAL SAVINGS ACCOUNT
8. SPECIAL RECURRING DEPOSIT SCHEME
9. CURRENT ACCOUNT
10. ASHRAYA DEPOSIT SCHEME (FOR SENIOR CITIZENS)
11. CANARA PREMIUM CURRENT ACCOUNT
12. CANARA AUTO RENEWAL DEPOSIT (CARD)
13. FIXED DEPOSIT
14. CANARA SUPER SAVINGS SALARY ACCOUNT SCHEME
Loan Products
1. Housing Loan
2. Home Improvement Loan
3. Canara Cash (Shares)
4. Canara Mobile (Vechicle)
5. Canara Site Loan
6. Canara Budget(For Employed/Business)
7. Canara Pension
8. Teachers Loan
9. Swarna Loan(Gold Loan)
10. Canara Rent
11. Canara Mortgage
12. Canara Guide
13. Canara Jeevan
14. Doctors Choice
15. For Online Education Loan
Technology Products
1. ATM-cum-Debit Card
Mutual Funds
1. CANARA ROBECO Mutual Fund Products
2. HDFC Mutual Fund Products*
[Note: Canara Bank have tie up Canara Robeco and HDFC AMC for cross selling of their
mutual fund products through our branches.]
Insurance Business
1. General Insurance
2. Life Insurance
Card Services
1. CREDIT CARD
Consultancy Services
1. TAX ASSISTANCE SERVICES
2. ESTATE & WILLS SERVICES
3. TRUSTEE SERVICES – PRIVATE AND CHARITABLE
4. DEBENTURE TRUSTEESHIP
5. SECURITY TRUSTEESHIP
6. ATTORNEYSHIP
Depository Services
1. Demat account(Documents required for opening depository)
Ancillary Services
1. RETAIL SALE OF GOLD COINS
2. SAFE DEPOSIT LOCKERS
3. SAFE CUSTODY SERVICES
4. NOMINATIONS
5. 7 DAY BANKING
6. EXTENDED BANKING HOURS
7. DD SHOPPE
# Corporate Banking
Accounts & Deposits
1. Current Deposits
2. Fixed Deposits
3. Kamadhenu Deposits
4. Recurring Deposits
5. Cash Management Services
6. Loans & Advances
7. Syndication Services
8. IPO Monitoring Activity
9. Merchant Banking Services
10. TUF Schemes
11. Canara e-Tax
Cash Managment Services
1. SUPERFAST SERVICE(Local cheque collection services)
2. FASTRACK SERVICE(Upcountry cheque collection services)
3. BULK COLLECTION SERVICE(Bulk cheques collection services)
Loans & Advances
1. Fair Practices Code
2. Working Capital Finance
3. Term Loans
4. Infrastructure Financing
5. Gold Card Scheme for Exporters
6. Export Finance
Syndication Services
This is a new value added fee based service of the Canara Bank for Corporates.
Supported by a pool of experienced professionals with Engineering and Finance
background.
IPO Monitoring Activity
Canara bank has been permitted to act as ‘Monitoring Agency’ to undertake the
assignments of monitoring of project implementation by companies raising equity
through public issues, where the issue size exceeds Rs.500 crores.
Merchant Banking Services
Canara Bank is one of the leading Merchant Bankers in India, offering specialized
services to Banks, PSUs, State owned Corporations, Local Statutory bodies and
Corporate sector.
TUF Schemes
Canara Bank has been appointed as "Nodal Agency" for implementation of the
Technology Upgradation Fund Scheme or, TUFS by verious Ministry of Govt. of India.
Canara e-Tax
1. Direct Taxes (e-payment: pay direct taxes online)
2. Excise and Service Tax (e-payment: pay indirect taxes online)
3. Customs payment through internet
# NRI Banking
Deposit Products
1. Non resident external rupee account
2. Non resident ordinary accounts
3. Foreign currency non-resident accounts
4. Resident foreign currency
Loans & Advances
1. Housing Loan
2. Home Improvement Loan
3. CanCash (Shares)
4. CanMobile (Vehicle)
5. CanJewel
6. CanRent
7. CanMortgage
8. Loans against Deposits
9. CanSite
10. Two Wheeler Loans
Remittance Facilities
1. Canbank remit money scheme
2. Bank-western union remittances scheme
3. Swift
4. Lock box service
5. Rupee drawing arrangement
Consultancy Services
This is a specialised serviceoffered by Canara Bank to help there non-resident customers
and others who find it difficult to operate their accounts personally.
Other Services
1. Safe Custody
2. Safe Deposit Lockers
3. Nomination Facility
4. Investments
5. Attorneyship Services
6. NRI Service Centres
7. Facilities for returning Indians
# Priority & SME Credit
Schemes
1. Agriculture And Rural Credit Schemes
2. Other Priority Sector Loans
3. Government Sponsored Schemes
4. Lead Bank Activities
SME Business
1. Sme Policy Of The Bank
2. Code Of Banks’ Commitment To Micro & Small Enterprises Download Here
3. Loans Products To Micro, Small And Medium Enterprises
SME Marketing
This is a special cind of facilitates provided by Canara Bank to building relationship
between you and the Bank for addressing your financial requirements and helps in
choosing the right product to match your credit needs.
RRB Division
1. Canara Bank-Regional Rural Banks (RRBs)- Pragathi Gramin Bank
2. Canara Bank-Regional Rural Banks (RRBs)-South Malabar Gramin Bank
3. Canara Bank-Regional Rural Banks (RRBs)- Shreyas Gramin Bank
Agri-Marketing
This is a Gateway to Agricultural Financing with 14 Marketing Managers pan India by
Canara Bank.
Agri-Consultancy
It is an exclusive division of Canara Bank, consisting of professionally qualified personnel
for appraising agro-based projects and to provide consultancy. Rural Development
Canara Bank has been a pioneer in initiating and implementing multifaceted and
innovative programmes aimed at development of people from the lower strata of the
society. The Bank has been playing a lead role and trying to bring about a socio-
economic transformation in rural areas
CED for Women
The Centre for Entrepreneurship Development for Women was established at the Bank's
Corporate Office, Bangalore during 1988 with an objective of assisting the potential
women entrepreneurs to select income generating activities and starting ventures of
their own.
Social Banking
Canara Bank has been in the forefront in the service of common man ever since its
inception in 1906. The illustrious founder Sri A Subbarao Pai has shown the way how
the Banks could play an important role in solving the social problems.
For more information about Canara Bank please see there website
http://www.canarabank.com (Official website)
Canara Bank is a state-owned financial services company in India. It was established in 1906, which makes it among the older Indian banks. As on 2009 November, the bank had a network of 3057 branches, spread across India. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, and Dubai. In terms of business it is one of the largest nationalized commercial banks in India, with a total business of about Rs.2 trillion (US$ 48 Billion).
Canara Bank is one of the Big Four Banks of India, along with ICICI Bank, State Bank of India and Punjab National Bank.
Brief History
The late Shri. Ammembal Subba Rao Pai, a philanthropist, established the Canara Bank Hindu Permanent Fund in Mangalore, India, on 1 July 1906.
The bank changed its name to Canara Bank Limited in 1910 when it incorporated.
In 1958, the Reserve Bank of India ordered Canara Bank to acquire G. Raghumathmul Bank, in Hyderabad.
The Government of India nationalised Canara Bank and 13 other major commercial banks of India, on 19 July 1969.
1976 Canara Bank had it's 1000th branch.
In 1983, Canara Bank opened its first overseas office in London.
Canara Bank acquired Lakshmi Commercial Bank in a rescue in 1984.
In 1984 Canara Bank established a subsidiary in Hong Kong, Indo Hong Kong International Finance Ltd.
In 1996 Canara Bank became the first Indian Bank to get ISO certification for “Total Branch Banking” for its Seshadripuram branch in Bangalore.
In 2005-2006 Entered 100th Year in Banking Service for people & launched Core Banking Solution in select branches.
In 2008-2009, Canara Bank opened its third foreign branch, this one in Shanghai.
Products and services of Canara Bank
Canara Bank offers a comprehensive range of products and services to its individual and institutional clients that include the following:
# Personal Banking
Savings & Deposits
1. SAVINGS BANK ACCOUNT
2. KAMADHENU DEPOSIT (Re-investment Plan)
3. SB GOLD SCHEME
4. CANARA TAX SAVER SCHEME
5. CANARA CHAMP DEPOSIT SCHEME
6. RECURRING DEPOSITS
7. CANARA SARAL SAVINGS ACCOUNT
8. SPECIAL RECURRING DEPOSIT SCHEME
9. CURRENT ACCOUNT
10. ASHRAYA DEPOSIT SCHEME (FOR SENIOR CITIZENS)
11. CANARA PREMIUM CURRENT ACCOUNT
12. CANARA AUTO RENEWAL DEPOSIT (CARD)
13. FIXED DEPOSIT
14. CANARA SUPER SAVINGS SALARY ACCOUNT SCHEME
Loan Products
1. Housing Loan
2. Home Improvement Loan
3. Canara Cash (Shares)
4. Canara Mobile (Vechicle)
5. Canara Site Loan
6. Canara Budget(For Employed/Business)
7. Canara Pension
8. Teachers Loan
9. Swarna Loan(Gold Loan)
10. Canara Rent
11. Canara Mortgage
12. Canara Guide
13. Canara Jeevan
14. Doctors Choice
15. For Online Education Loan
Technology Products
1. ATM-cum-Debit Card
Mutual Funds
1. CANARA ROBECO Mutual Fund Products
2. HDFC Mutual Fund Products*
[Note: Canara Bank have tie up Canara Robeco and HDFC AMC for cross selling of their
mutual fund products through our branches.]
Insurance Business
1. General Insurance
2. Life Insurance
Card Services
1. CREDIT CARD
Consultancy Services
1. TAX ASSISTANCE SERVICES
2. ESTATE & WILLS SERVICES
3. TRUSTEE SERVICES – PRIVATE AND CHARITABLE
4. DEBENTURE TRUSTEESHIP
5. SECURITY TRUSTEESHIP
6. ATTORNEYSHIP
Depository Services
1. Demat account(Documents required for opening depository)
Ancillary Services
1. RETAIL SALE OF GOLD COINS
2. SAFE DEPOSIT LOCKERS
3. SAFE CUSTODY SERVICES
4. NOMINATIONS
5. 7 DAY BANKING
6. EXTENDED BANKING HOURS
7. DD SHOPPE
# Corporate Banking
Accounts & Deposits
1. Current Deposits
2. Fixed Deposits
3. Kamadhenu Deposits
4. Recurring Deposits
5. Cash Management Services
6. Loans & Advances
7. Syndication Services
8. IPO Monitoring Activity
9. Merchant Banking Services
10. TUF Schemes
11. Canara e-Tax
Cash Managment Services
1. SUPERFAST SERVICE(Local cheque collection services)
2. FASTRACK SERVICE(Upcountry cheque collection services)
3. BULK COLLECTION SERVICE(Bulk cheques collection services)
Loans & Advances
1. Fair Practices Code
2. Working Capital Finance
3. Term Loans
4. Infrastructure Financing
5. Gold Card Scheme for Exporters
6. Export Finance
Syndication Services
This is a new value added fee based service of the Canara Bank for Corporates.
Supported by a pool of experienced professionals with Engineering and Finance
background.
IPO Monitoring Activity
Canara bank has been permitted to act as ‘Monitoring Agency’ to undertake the
assignments of monitoring of project implementation by companies raising equity
through public issues, where the issue size exceeds Rs.500 crores.
Merchant Banking Services
Canara Bank is one of the leading Merchant Bankers in India, offering specialized
services to Banks, PSUs, State owned Corporations, Local Statutory bodies and
Corporate sector.
TUF Schemes
Canara Bank has been appointed as "Nodal Agency" for implementation of the
Technology Upgradation Fund Scheme or, TUFS by verious Ministry of Govt. of India.
Canara e-Tax
1. Direct Taxes (e-payment: pay direct taxes online)
2. Excise and Service Tax (e-payment: pay indirect taxes online)
3. Customs payment through internet
# NRI Banking
Deposit Products
1. Non resident external rupee account
2. Non resident ordinary accounts
3. Foreign currency non-resident accounts
4. Resident foreign currency
Loans & Advances
1. Housing Loan
2. Home Improvement Loan
3. CanCash (Shares)
4. CanMobile (Vehicle)
5. CanJewel
6. CanRent
7. CanMortgage
8. Loans against Deposits
9. CanSite
10. Two Wheeler Loans
Remittance Facilities
1. Canbank remit money scheme
2. Bank-western union remittances scheme
3. Swift
4. Lock box service
5. Rupee drawing arrangement
Consultancy Services
This is a specialised serviceoffered by Canara Bank to help there non-resident customers
and others who find it difficult to operate their accounts personally.
Other Services
1. Safe Custody
2. Safe Deposit Lockers
3. Nomination Facility
4. Investments
5. Attorneyship Services
6. NRI Service Centres
7. Facilities for returning Indians
# Priority & SME Credit
Schemes
1. Agriculture And Rural Credit Schemes
2. Other Priority Sector Loans
3. Government Sponsored Schemes
4. Lead Bank Activities
SME Business
1. Sme Policy Of The Bank
2. Code Of Banks’ Commitment To Micro & Small Enterprises Download Here
3. Loans Products To Micro, Small And Medium Enterprises
SME Marketing
This is a special cind of facilitates provided by Canara Bank to building relationship
between you and the Bank for addressing your financial requirements and helps in
choosing the right product to match your credit needs.
RRB Division
1. Canara Bank-Regional Rural Banks (RRBs)- Pragathi Gramin Bank
2. Canara Bank-Regional Rural Banks (RRBs)-South Malabar Gramin Bank
3. Canara Bank-Regional Rural Banks (RRBs)- Shreyas Gramin Bank
Agri-Marketing
This is a Gateway to Agricultural Financing with 14 Marketing Managers pan India by
Canara Bank.
Agri-Consultancy
It is an exclusive division of Canara Bank, consisting of professionally qualified personnel
for appraising agro-based projects and to provide consultancy. Rural Development
Canara Bank has been a pioneer in initiating and implementing multifaceted and
innovative programmes aimed at development of people from the lower strata of the
society. The Bank has been playing a lead role and trying to bring about a socio-
economic transformation in rural areas
CED for Women
The Centre for Entrepreneurship Development for Women was established at the Bank's
Corporate Office, Bangalore during 1988 with an objective of assisting the potential
women entrepreneurs to select income generating activities and starting ventures of
their own.
Social Banking
Canara Bank has been in the forefront in the service of common man ever since its
inception in 1906. The illustrious founder Sri A Subbarao Pai has shown the way how
the Banks could play an important role in solving the social problems.
For more information about Canara Bank please see there website
http://www.canarabank.com (Official website)
