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(i)

Shri T. N. Manoharan ( Chairman
Chairman
) Shri Rakesh Sharma (MD ">Investment Banking
Banking
Consumer Banking
Banking
Commercial Banking
Banking
Retail Banking
Banking
Private Banking
Banking
Asset Management
Asset Management
Pensions
Pensions
Mortgages Credit Cards

REVENUE ₹48,942 crore (US$7.6 billion) (2017)

OPERATING INCOME ₹8,914 crore (US$1.4 billion) (2017)

NET INCOME ₹1,122 crore (US$170 million) (2017)

TOTAL ASSETS ₹552,960.78 crore (US$86 billion) (2016)

OWNER Government of India
India

NUMBER OF EMPLOYEES 53,508 (2016)

CAPITAL RATIO 12.86% (2017)

WEBSITE www.canarabank.com

CANARA BANK is one of the major public sector banks owned by the Government of India
India
. Its headquarters is in Bengaluru . It was established at Mangalore
Mangalore
in 1906, making it one of the oldest public sector banks in the country. The government nationalized the bank in 1969. As of 30 June 2017, the bank had a network of 6089 branches and more than 10519 ATMs spread across India. The bank also has offices abroad in London
London
, Hong Kong
Hong Kong
, Moscow
Moscow
, Shanghai
Shanghai
, Doha
Doha
, Bahrain
Bahrain
, South Africa
South Africa
, Dubai
Dubai
, Tanzania
Tanzania
and New York .

CONTENTS

* 1 History * 2 Overseas subsidiaries, branches and offices * 3 Subsidiary companies * 4 Regional rural banks * 5 Development projects * 6 See also * 7 Citations and references

HISTORY

Logo of Canara Bank
Canara Bank

Ammembal Subba Rao Pai , a philanthropist, established the CANARA HINDU PERMANENT FUND in Mangalore
Mangalore
, India, on 1 July 1906. The bank changed its name to Canara Bank
Canara Bank
Limited in 1910 when it incorporated.

Canara Bank's first acquisition took place in 1961 when it acquired Bank of Kerala. This had been founded in September 1944 and at the time of its acquisition on 20 May 1961 had three branches. The second bank that Canara Bank
Canara Bank
acquired was Seasia Midland Bank (Alleppey ), which had been established on 26 July 1930 and had seven branches at the time of its takeover.

In 1958, the Reserve Bank of India
India
had ordered Canara Bank
Canara Bank
to acquire G. Raghumathmul Bank, in Hyderabad . This bank had been established in 1870, and had converted to a limited company in 1925. At the time of the acquisition G. Raghumathmul Bank had five branches. The merger took effect in 1961. Later in 1961, Canara Bank
Canara Bank
acquired Trivandrum Permanent Bank. This had been founded on 7 February 1899 and had 14 branches at the time of the merger.

Next, Canara Bank
Canara Bank
acquired four banks in 1963: the Sree Poornathrayeesa Vilasam Bank, Thrippunithura
Thrippunithura
, Arnad Bank, Tiruchirapalli
Tiruchirapalli
, Cochin Commercial Bank, Cochin, and Pandyan Bank , Madurai
Madurai
. Sree Poornathrayeesa Vilasam Bank had been established on 21 February 1923 and at the time of its acquisition it had 14 branches. Arnad Bank had been established on 23 December 1942 and at the time of its acquisition had only one branch. Cochin Commercial Bank had been established on 3 January 1936, and at the time of its acquisition had 13 branches.

The Government of India
India
nationalised Canara Bank, along with 13 other major commercial banks of India, on 19 July 1969. In 1976, Canara Bank inaugurated its 1000th branch. In 1985, Canara Bank
Canara Bank
acquired Lakshmi Commercial Bank in a rescue. This brought Canara Bank
Canara Bank
some 230 branches in northern India.

In 1996, Canara Bank
Canara Bank
became the first Indian Bank
Indian Bank
to get ISO certification for "Total Branch Banking" for its Seshadripuram branch in Bangalore
Bangalore
. Canara Bank
Canara Bank
has now stopped opting for ISO certification of branches.

OVERSEAS SUBSIDIARIES, BRANCHES AND OFFICES

Canara Bank
Canara Bank
established its international division in 1976. In 1983, Canara Bank
Canara Bank
opened its first overseas office, a branch in London. Two years later, Canara Bank
Canara Bank
established a subsidiary in Hong Kong, Indo Hong Kong
Hong Kong
International Finance. In 2008-9, Canara Bank
Canara Bank
opened its third foreign operation, this one a branch in Shanghai. Later Canara Bank established a branch each in Leicester and Bahrain, and converted its Hong Kong
Hong Kong
subsidiary into a branch. It also has a representative office in Sharjah.

Together with State Bank of India
India
, Canara Bank
Canara Bank
established a joint venture in Moscow, Commercial Bank of India
India
LLC.

Canara Bank
Canara Bank
provides the general manager and the branch managers for Al Razouki Intl Exchange Co (LLC), which a number of business leaders and non-resident Indians (NRIs) established in 1981 in the United Arab Emirates to facilitate remittances to India
India
by tourists and NRIs.

Since 1983, Canara Bank
Canara Bank
has been responsible for the management of Eastern Exchange Co. WLL, Doha, Qatar, which Abdul Rahman M.M. Al Muftah established in 1979.

Canara Bank
Canara Bank
opened its seventh overseas branch in New York, United States on 10 June 2014.

SUBSIDIARY COMPANIES

* Canfin Homes Limited (CFHL), with a network of 110 branches and 28 satellite offices throughout India * Canbank Factors Limited * Canbank Venture Capital Fund Limited * Canbank Computer Services Limited * Canara Bank
Canara Bank
Securities Limited * Canara Robeco Asset Management
Asset Management
Company Limited * Canbank Financial Services Limited * Canara HSBC
HSBC
Oriental Life Insurance Company Limited.

REGIONAL RURAL BANKS

Canara Bank
Canara Bank
sponsors two regional rural banks (RRB):

* Kerala Gramin Bank – It is the largest RRB in India. Its headquarters are at Malappuram
Malappuram
and it operates in all districts in Kerala
Kerala
. It was established in 1976 as a Scheduled Commercial Bank. * Pragathi Krishna Gramin Bank has its headquarters at Bellary , Karnataka, and has 645 branches spread over eleven districts.

Canara Bank
Canara Bank
is a state level led bank in Kerala.

DEVELOPMENT PROJECTS

Canara Bank
Canara Bank
partnered with UNEP to initiate a solar loan program. This four-year $7.6 million effort launched in April 2003, to help accelerate the market for financing solar home systems in southern India.

SEE ALSO

* Indian banking * List of banks in India
India

CITATIONS AND REFERENCES

Citations;

* ^ http://www.canarabank.com/media/4847/performance_highlights_mar_17.pdf * ^ http://www.canarabank.com/media/4847/performance_highlights_mar_17.pdf * ^ http://www.canarabank.com/media/4847/performance_highlights_mar_17.pdf * ^ http://www.canarabank.com/media/2440/cb_ar-2015-16-for-web-june-29-final.pdf * ^ http://www.canarabank.com/media/2440/cb_ar-2015-16-for-web-june-29-final.pdf * ^ http://www.canarabank.com/media/4847/performance_highlights_mar_17.pdf * ^ "About Us". www.canarabank.com. Retrieved 2017-06-12. * ^ Kamanth (2006), p. 108. * ^ A B C D Kamanth (2006), p. 112. * ^ Pagdi, Raghavendra Rao. 1987. Short History of Banking
Banking
in Hyderabad District, 1879–1950. In M. Radhakrishna Sarma, K.D. Abhyankar, and V.G. Bilolikar, eds. History of Hyderabad District, 1879-1950AD (Yugabda 4981–5052). (Hyderabad: Bharatiya Itihasa Sankalana Samiti), Vol. 2, pp.85–87. * ^ Eastern Exchange * ^ Kerala
Kerala
Gramin Bank * ^ Pragathi Krishna Gramin Bank

References;

* Kamath, M.V. (2006) A Banking
Banking
Odyssey: The Canara Bank
Canara Bank
Story. (Konark Publishers). ISBN 9788122007176

* v * t * e

Banking
Banking
in India
India

RESERVE BANK

* Reserve Bank of India
India

PUBLIC SECTOR BANKS

* Allahabad Bank * Andhra Bank
Andhra Bank
* Bank of Baroda
Bank of Baroda
* Bank of India
India
* Bank of Maharashtra * Canara Bank * Central Bank of India
India
* Corporation Bank * Dena Bank * IDBI Bank * Indian Bank
Indian Bank
* Indian Overseas Bank * Oriental Bank of Commerce * Post Bank of India
India
* Punjab border-left-width:2px;border-left-style:solid;width:100%;padding:0px">

* Axis Bank
Axis Bank
* Bandhan Bank * Catholic Syrian Bank * City Union Bank * DCB Bank * Dhanlaxmi Bank * Federal Bank * HDFC Bank
HDFC Bank
* ICICI Bank * IDFC Bank * IndusInd Bank
IndusInd Bank
* Jammu border-left-width:2px;border-left-style:solid;width:100%;padding:0px">

* Buldhana Urban * Cosmos Bank * Repco Bank * Saraswat Bank * Shamrao Vithal Co-operative Bank * TNSC Bank * Rajkot Nagrik Sahakari Bank

FOREIGN BANKS

* ABN AMRO
ABN AMRO
* Abu Dhabi Commercial Bank * Antwerp Diamond Bank * Australia and New Zealand Banking
Banking
Group * Bank Maybank Indonesia * Bank of America
Bank of America
* Bank of Bahrain
Bahrain
and Kuwait * Bank of Ceylon
Bank of Ceylon
* The Bank of Tokyo-Mitsubishi UFJ * Barclays
Barclays
* Citibank India
India
* Credit Suisse
Credit Suisse
* DBS Bank * Deutsche Bank
Deutsche Bank
* HSBC
HSBC
* Rabobank * Royal Bank of Scotland
Royal Bank of Scotland
* Scotiabank
Scotiabank
* Standard Chartered

REGIONAL RURAL BANKS

* Andhra Pradesh Grameena Vikas Bank * Andhra Pragathi Grameena Bank * Assam Gramin Vikash Bank * Bangiya Gramin Vikash Bank * Gramin Bank of Aryavart * Kerala Gramin Bank * North Malabar Gramin Bank * Pallavan Grama Bank * Pandyan Grama Bank * Paschim Banga Gramin Bank * Sarva UP Gramin Bank * South Malabar Gramin Bank * Uttar Bihar Gramin Bank * Vananchal Gramin Bank * List of regional rural banks in Uttar Pradesh

INTERBANK NETWORKS

* Cirrus * NFS * PLUS

ATM NETWORKS

* BANCS * Cashnet * CashTree * India
India
1 ATM * Indicash (White Label ATM) * MITR

ELECTRONIC FUNDS TRANSFERS

* IMPS * NEFT * RTGS * UPI * AEPS

CARDS

* MasterCard

* Debit MasterCard * Maestro

* RuPay

* Visa

* Visa Debit * Visa Electron * Visa payWave

DEFUNCT BANKS

* Alliance Bank of Simla * Arbuthnot & Co * Bank of Bombay * Bank of Calcutta * Bank of Chettinad * Bank of Cochin * Bank of Hindostan * Bank of Madras * Bank of Madura * Bank of Rajasthan * Bank of Thanjavur * Bareilley Corporation Bank * Bengal Central Bank * Bharat Overseas Bank * Bharatiya Mahila Bank * Centurion Bank of Punjab * Chartered Bank of India, Australia and China * Commercial Bank of India
India
* Dass Bank * Exchange Bank of India
India
& Africa * Global Trust Bank * Grindlays Bank * Hindustan Commercial Bank * Imperial Bank of India
India
* ING Vysya Bank * Lakshmi Commercial Bank * Lord Krishna Bank * Madhavpura Mercantile Cooperative Bank * Mercantile Bank of India, London
London
and China * Miraj State Bank * Nath Bank * Nedungadi Bank * New Bank of India
India
* Oriental Bank Corporation * Oudh Commercial Bank * Palai Central Bank * Pandyan Bank * Sikkim Bank * State Bank of Bikaner border-left-width:2px;border-left-style:solid;width:100%;padding:0px">

* ATM usage fees in India
India
* Banks Board Bureau * Banking
Banking
Codes and Standards Board of India
India
* Bharat Bill Payment System * De-Materialisation (DEMAT) * Foreign Exchange (FOREX) * Indian Financial System Code (IFSC) * List of banks in India
India
* National Payments Corporation of India
India
* Prepaid Payment Instruments in India
India
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