Canara Bank: Important Key Points to Remember

Tagline: Together We Can
Headquarter: Bangalore, Karnataka
CEO: Rakesh Sharma

Introduction:

• Canara Bank is one of the most important public sector bank of our country.
• Most of you would be waiting for IBPS PO-6 and IBPS Clerk-6 result and many of you would have given first priority to this bank, since it had maximum vacancy this year.
• Let us see a detailed note on Canara Bank, which will be helpful for all banking aspirant.

History:

• 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.
• The Government of India nationalized Canara Bank, along with 13 other major commercial banks of India, on 19 July 1969.
• In 1976, Canara Bank inaugurated its 1000th branch.
• In 1996, Canara Bank became the first Indian Bank to get ISO certification.
• As of September 2016, the bank had a network of 5849 branches and more than 10026 ATMs spread across India.

Abroad Offices:

• London
• Hong Kong
• Moscow
• Shanghai
• Doha
• Bahrain
• South Africa
• Dubai
• Tanzania
• New York

Logo of Canara Bank:

List of Banks Acquired by Canara Bank:

• G. Raghumathmul Bank
• Bank of Kerala
• Seasia Midland Bank
• Trivandrum Permanent Bank
• Sree Poornathrayeesa Vilasam Bank
• Arnad Bank
• Cochin Commercial Bank
• Pandyan Bank
• Lakshmi Commercial Bank

Subsidiaries:

• Canfin Homes Limited
• Canbank Factors Limited
• Canbank Venture Capital Fund Limited
• Canbank Computer Services Limited
• Canara Bank Securities Limited
• Canara Robeco Asset Management Company Limited
• Canbank Financial Services Limited
• Canara HSBC Oriental Life Insurance Company Limited

Remember Key Points Using Mind Map Technique