Canara Bank
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| Canara Bank | |
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| Type | Public BSE: 532483 |
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| Founded | Canara Bank Hindu Permanent Fund (1906) Canara Bank Ltd (1910) Canara Bank (1969) |
| Headquarters |  Bangalore, India |
| Key people | M B N Rao, Chairman & Managing Director Alok Kumar Misra, Executive Director |
| Industry | Financial Commercial banks |
| Employees | 47,389 (2004-05) |
| Website | www.canbankindia.com |
Canara Bank (BSE: 532483 ), established in 1906 with the name of Canara Bank Hindu Permanent Fund in Mangalore, India, by Ammembal Subba Rao Pai, is one of the oldest and major commercial bank of India. Its name was changed to Canara Bank Limited in 1910. The bank, along with 13 other major commercial banks of India, was nationalised on 19th July, 1969, by the Government of India. Currently (2005), the bank has 2508 branches spread all over India. The bank also has international presence in several centers, including London, Hong Kong, Moscow, Shanghai, Doha, and Dubai. In terms of business it is the largest nationalised commercial bank in India with a total business of about Rs.2000 billion (about US $43 billion.)
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[edit] Founding Principles
- To remove superstition and ignorance.
- To spread education among all to sub-serve the first principle.
- To inculcate the habit of thrift and savings.
- To transform the financial institution not only as the financial heart of the community but the social heart as well.
- To assist the needy.
- To work with sense of service and dedication.
- To develop a concern for fellow human being and sensitivity to the surroundings with a view to make changes/remove hardships and sufferings.
[edit] Forbes Global 2000 Ranking 2006
Canara Bank was ranked at 1299 in the Forbes Global 2000 list [1].
[edit] Subsidiary Banks
- Canfin Homes Limited
- Canbank Factors Limited
- Canbank Venture Capital Fund Limited
- Canbank Computer Services Limited
- Gilt Securities Trading Limited
- Canbank Investment Management Services Limited
- Canbank Financial Services Limited
[edit] Regional Rural Banks
- Tungabhadra Gramin Bank
- South Malabar Gramin Bank
- Aligarh Gramin Bank
- Etah Gramin Bank
- Chitradurga Gramin Bank
- Kolar Gramin Bank
- Jamuna Gramin Bank
- Sahyadri Gramin Bank
[edit] See also
[edit] References
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