Canara Bank

Canara Bank was founded in 1906 by late Sri. Ammembal Subba Rao Pai. The Bank was initially named as 'Canara Bank Hindu Permanent Fund'. It blossomed into a limited company in 1910 and was renamed as 'Canara Bank Ltd'. In 1969 the Bank was nationalized and thereafter came to be known as Canara Bank.

Today, Canara Bank is one of the premier banks in the country with a network of 2513 branches spread all over the country. The Bank has many distinctions to its name. It was the first bank to be conferred FICCI award for contribution to rural development. Canara Bank Bank was the first among banks to launch networked ATMs and obtain ISO Certification.

Canara Bank has carved a niche for itself in providing IT-based services. With 100% computerization of the branches, the bank provides a wide array of services, such as, Networked ATMs, Anywhere Banking, Telebanking, Remote Access Terminals Internet & Mobile Banking, Debit Card etc.

For the year 2004-05, Canara Bank clocked the highest net profit (Rs.1110 crore) among nationalized banks, with significant improvement in capital adequacy ratio (12.78%) and asset quality (net NPA ratio of 1.88%).

URL: www.canbankindia.com