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 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 9 lakh crore.


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. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks. Canara Bank has several firsts to its credit. These include:


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Vision & Mission


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


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 2018-19 (So far)

  • Secured Chamber of Indian Micro Small & Medium Enterprises (CIMSME) awards for best bank for promotional schemes (Large category).
  • Received runner up CIMSME award for best MSME bank (Large category) and financially inclusive bank (Large category).
  • Secured PFRDA’s best performing PSB award in APY performance and the splendid seven awards for the APY campaign.

Awards/Accolades Received during 2017-18

  • Received Master card Innovation Award for Canara International Prepaid card under prepaid segment.
  • “Rupay Special” award for being the highest Rupay card issuing bank by NPCI.
  • Certificate of Excellence for exemplary leadership in promoting RSETIs and Certificate of Excellence for RUDSETI for FY15 & FY16
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