CANARA BANK
Canara Bank is one of the largest Indian nationalised banks. It is under the ownership of Ministry of Finance, Government of India. It is headquartered in Bengaluru. It was established at Mangalore in 1906 by Ammembal Subba Rao Pai and later the government nationalized the bank in 1969. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Dubai, Tanzania and New York. Canara Bank’s first acquisition took place in 1961 when it acquired Bank of Kerala.
Their vision is to emerge as a ‘Preferred Bank’ by pursuing global benchmarks in profitability, operational efficiency, asset quality, risk management and expanding the global reach. The bank’s mission includes providing quality banking services with good customer care, create value for all stakeholders and continue as a responsive corporate social citizen.
Its key products are: Investment Banking, Consumer Banking, Commercial Banking, Retail Banking, Private Banking, Asset Management, Pensions, Mortgages, Credit Cards.
Their shareholding pattern consists of Promoters and Promoter Group having 69.33% of shares, Public having 14.40% shares, following by FII’s having 3.92% shares and DII’s with 12.35% shares.
