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Managing Director & CEO's Message

Managing Director & CEO's Message

As a premier commercial bank in India, Canara Bank has a distinct track record in the service of the nation for over 111 years. Today, Canara Bank has a strong pan India presence with 6089 branches and 10559 ATMs, catering to all segments of an ever growing clientele accounts base of 7.91 crore. Across the borders, the Bank has 8 branches, one each at London, Leicester, Hong Kong, Shanghai, Manama, Johannesburg, New York and DIFC (Dubai) & a Representative Office at Sharjah, UAE. We are recognized as a leading financial conglomerate in India, with as many as ten subsidiaries/sponsored institutions/joint ventures in India and abroad. In our second century of dedicated service to the nation, we aspire to emerge as a "Preferred Bank" by pursuing global benchmarks in profitability, operational efficiency, asset quality, risk management and expanding the global reach.

 

HISTORY

HISTORY

A good bank is not only the financial heart of the community, but also one with an obligation of helping in every possible manner to improve the economic conditions of the common people

  • Our Beloved Founder
  • Late Sri Ammembal Subbarao Pai

Founded as 'Canara Bank Hindu Permanent Fund' in 1906, by late Shri Ammembal Subba Rao Pai, a philanthropist, this small seed blossomed into a limited company as 'Canara Bank Ltd.' in 1910 and became Canara Bank in 1969 after nationalization.

Founding Principles

  1. To remove Superstition and ignorance.
  2. To spread education among all to sub-serve the first principle.
  3. To inculcate the habit of thrift and savings.
  4. To transform the financial institution not only as the financial heart of the community but the social heart as well.
  5. To assist the needy.
  6. To work with sense of service and dedication.
  7. To develop a concern for fellow human being and sensitivity to the surroundings with a view to make changes/remove hardships and sufferings.

Sound founding principles, enlightened leadership, unique work culture and remarkable adaptability to changing banking environment have enabled Canara Bank to be a frontline banking institution of global standards.

Significant Milestones

1st July 1906 Canara Hindu Permanent Fund Ltd. formally registered with a capital of 2000 shares of 50/- each, with 4 employees.
1910 Canara Hindu Permanent Fund renamed as Canara Bank Limited
1969 14 major banks in the country, including Canara Bank, nationalized on July 19
1976 1000th  branch inaugurated
1983 Overseas branch at London inaugurated Cancard (the Bank’s credit card) launched
1985 Takeover of Lakshmi Commercial Bank Limited Commissioning of Indo Hong Kong International Finance Limited
1987 Canbank Mutual Fund & Canfin Homes launched
1989 Canbank Venture Capital Fund started
1989-90 Canbank Factors Limited, the factoring subsidiary launched
1992-93 Became the first Bank to articulate and adopt the directive principles of “Good Banking”.
1995-96 Became the first Bank to be conferred with ISO 9002 certification for one of its branches in Bangalore
2001-02 Opened a 'Mahila Banking Branch', first of its kind at Bangalore, for catering exclusively to the financial requirements of women clientele.
2002-03 Maiden IPO of the Bank
2003-04 Launched Internet Banking Services
2004-05 100% Branch computerization
2005-06 Entered 100th Year in Banking Service. Launched Core Banking Solution in select branches. Number One Position in Aggregate Business among Nationalized Banks.
2006-07 Retained Number One Position in Aggregate Business among Nationalized Banks. Signed MoUs for Commissioning Two JVs in Insurance and Asset Management with international majors viz., HSBC (Asia Pacific) Holding and Robeco Groep N.V respectively.
2007-08 Launching of New Brand Identity. Incorporation of Insurance and Asset Management JVs. Launching of 'Online Trading' portal. Launching of a ‘Call Centre’. Switchover to Basel II New Capital Adequacy Framework.
2008-09 The Bank crossed the coveted 3 lakh crore in aggregate business. The Bank’s 3rd foreign branch at Shanghai commissioned.
2009-10 The Bank’s aggregate business crossed 4 lakh crore mark. Net profit of the Bank crossed 3000 crore. The Bank’s branch network crossed the 3000 mark.
2010-11 The Bank’s aggregate business crossed 5 lakh crore mark. Net profit of the Bank crossed 4000 crore. 100% coverage under Core Banking Solution. The Bank’s 4th foreign branch at Leicester and a Representative office at Sharjah, UAE, opened. The Bank raised 1993 crore under QIP. Govt. holding reduced to 67.72% post QIP.
2011-12 Total number of branches reached 3600. The Bank’s 5th foreign branch at Manama, Bahrain opened.
2012-13 Highest Dividend of 130% paid for the year
2013-14 1027 branches and 2786 ATMs opened during the year. Global business crossed the 7 lakh crore milestone. Switchover to Basel III New Capital Adequacy Framework.
2014-15 Global Business of the Bank crossed 8 lakh crore.
2015-16 The Bank's 8th foreign branch at DIFC (Dubai) opened.
2016-17 Branch & ATMs network crossed 6000 &10000 milestones. Total number branches rose to 6083 and ATMs to 10519. Canara Bank (Tanzania) Ltd., a foreign subsidiary, opened.

Profile

A Brief Profile of the Bank 

Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence.

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BOARD OF DIRECTORS

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Vision

Vision & Mission

VISION

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

MISSION

To provide quality banking services with good customer care, create value for all stakeholders and continue as a responsive corporate social citizen.

Awards & Achievements

Awards/Accolades Received during 2017-18 So Far

  • Certificate of Excellence for exemplary leadership in promoting RSETIs and Certificate of Excellence for RUDSETI for FY15 & FY16

Awards/Accolades Received during 2016-17

  • Golden Peacock Award 2016 under CSR activities.
  • MSME Excellence Award 2017 by Federation of Industrial Trade and Services (FITS)
    ASSOCHAM Social Banking Excellence Awards 2016.
  • “SKOCH ORDER OF MERIT” and “SKOCH SILVER” Awards 2016 for Bancassurance during 46th SKOCH Summit.
  • CSR Leadership Awards 2016 for Best CSR Practices by World CSR Congress
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