Canara Bank

Canara Bank is a Bangalore-based Indian public sector bank as well as one of the largest banks in India. Ammembal Subba Rao Pai founded the bank in Mangalore in 1906, and it was nationalized in 1969. The bank has offices in London, Dubai, and New York, in addition to India. Canara Bank was formed in July 1906 in Mangalore, then a tiny port town in Karnataka, by Shri Ammembal Subba Rao Pai, a remarkable thinker and philanthropist. Over the course of its century-long history, the bank has gone through numerous stages of its growth trajectory.

Canara Bank is a public sector bank with assets totaling 11.54 trillion Indian rupees as of fiscal year 2021. Commercial banking and financial services are provided by the bank. Canara Bank provides a variety of banking services such as a savings account, FD, debit card, loans, depository, and consultancy. Canara Bank, if it provides good loans and retains its market position, could help India prosper and increase its assets in the future.

Over the years, Canara Bank has grown its market position to become a prominent Financial Conglomerate with up to thirteen subsidiaries/sponsored institutions/joint ventures in India and internationally. Not only in commercial banking, but also in various corporate social responsibilities such as serving national priorities, promoting rural development, enhancing rural self-employment through several training institutes, and spearheading the financial inclusion goal. Promoting an inclusive growth strategy, which has emerged as the central tenet of today's national policy agenda, is, in reality, firmly founded in the Bank's founding ideals.

Founded: 1906
Headquarters: Bengaluru, India
Website: https://canarabank.com/