Canara Bank
Canara Bank Ltd. is Bangalore-based state-owned commercial bank. The Bank's involved in mainly Treasury Operations, Retail Banking Operations, Wholesale Banking Operations and Other Banking Operations. Bank has pan India presence with 6,204 branches and 9,395 ATMs, 8.27 crore customers. Across the globe, the Bank has 8 branches at London, Hong Kong, Leicester, Manama, Johannesburg, New York, Shanghai and DIFC (Dubai) & a Representative Office at Sharjah and UAE.
Canara Bank provides personal banking, corporate banking, non-resident Indians banking, Internet banking, and micro, small and medium enterprises (MSME) banking services. Canara Bank offers personal banking products and services, including savings, current, fixed, and recurring deposits, as well as auto renewal deposits, deposit schemes for senior citizens, and other deposits; and loan products comprising housing loans, home improvement loans, vehicle loans, teachers loans, gold loans, pension loans, mortgage loans, reverse mortgage loans for senior citizens, loans for medical practitioners, and education loans. Canara Bank handles various government business products consisting of direct and indirect tax collections; payment of pensions of Central Government and State Government; handling of postal transactions and State Government treasury transactions; public provident fund scheme and senior citizens' saving scheme, and issue of inflation indexed bonds of Reserve Bank of India.
Canara Bank was incorporated on July 1, 1906 with the name Canara Hindu Permanent Fund Ltd. In July 19, 1969, the Bank was nationalized along with 14 major banks in the country. Today subsidiaries of the canara Bank include Canbank Financial Services Ltd, Canbank Factors Ltd, Canbank Venture Capital Fund Ltd, Canbank Computer Services Ltd, Canara Bank Securities Ltd Canara Robecco Asset Management Company Ltd and Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd.
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