Canara Bank
| File:Canara Bank Logo.jpg | |
| Company type | Public (BSE: 532483) |
|---|---|
| Industry | Financial Commercial Banks Banks of India |
| Founded | Canara Bank Hindu Permanent Fund (1906) Canara Bank Ltd (1910) Canara Bank (1969) |
| Headquarters | Bangalore, Karnataka, India |
Key people | M B N Rao, Chairman & Managing Director Alok Kumar Misra, Executive Director |
Number of employees | 47,389 (2004-05) |
| Website | www.canbankindia.com |
Canara Bank (BSE: 532483), established in 1906 with the name of Canara Bank Hindu Permanent Fund in Mangalore, India, by Ammembal Subba Rao Pai, is one of the oldest and major commercial bank of India. Its name was changed to Canara Bank Limited in 1910. The bank, along with 13 other major commercial banks of India, was nationalisd on 19th July, 1969, by the Government of India. Currently (2005), the bank has 2508 branches spread all over India. The bank also has international presence in several centers, including London, Hong Kong, Moscow, Shanghai, Doha, and Dubai. In terms of business it is the second largest nationalised commercial bank in India with a total business of about Rs.170000 crores.
Founding Principles
- To remove Superstition and ignorance.
- To spread education among all to sub-serve the first principle.
- To inculcate the habit of thrift and savings.
- To transform the financial institution not only as the financial heart of the community but the social heart as well.
- To assist the needy.
- To work with sense of service and dedication.
- To develop a concern for fellow human being and sensitivity to the surroundings with a view to make changes/remove hardships and sufferings.
See also
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