Canara Hindi

Significant Milestones

1st July 1906	Canara Hindu Permanent Fund Ltd. formally registered with a capital of 2000 shares of Rs. 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 and Commissioning of Indo Hong Kong International Finance Limited (now a full fledged branch)
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 Rs. 3 lakh crore in aggregate business. The Bank’s 3rd foreign branch at Shanghai commissioned.
2009-10	The Bank’s aggregate business crossed Rs. 4 lakh crore mark. Net profit of the Bank crossed Rs. 3000 crore. The Bank’s branch network crossed the 3000 mark.
2010-11	The Bank’s aggregate business crossed Rs. 5 lakh crore mark. Net profit of the Bank crossed Rs. 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 Rs. 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 Rs.7 lakh crore milestone. Switchover to Basel III New Capital Adequacy Framework. Branch Network and Atms increased to 4755 branches and 6312 ATMs.
2014-15	Global Business of the Bank crossed Rs.8 lakh crore.
2015-16	The Bank’s 8th foreign branch at DIFC (Dubai) opened.
2016-17	Branch network crossed 6000 milestones.Total number branches rose to 6083.Canara Bank (Tanzania) Ltd., a foreign subsidiary, opened.
2017-18	Global Business of the Bank crossed Rs.9 lakh crore.
2018-19	Global Business of the Bank crossed 10 lakh crore, Bank issued 2 core new equity shares to employees under Canara Bank Employee Share Purchase scheme (CanBank-ESPS).
2019-20	Domestic Business of Canara Bank crossed Rs. 10 Lakh Crore.