Canara Bank is a state-owned commercial bank that was started on July 1, 1906, with Canara Hindu Permanent Fund Ltd. The Bank’s name was changed to Canara Bank Ltd from Canara Hindu Permanent Fund Ltd in 1910. It deals in 4 segments: retail banking operations, treasury operations, wholesale banking operations, & other banking operations. It offers an array of products & services to the customers. It has accomplished a century of operation in the Indian banking industry in the year 2006.
It has a strong pan India catering to all segments of an ever-growing clientele. It has eight branches, one each in London, Leicester, Hong Kong, Shanghai, Manama Johannesburg, New York, DIFC (Dubai) & a Representative Office at Sharjah UAE. It offers several services to its corporate clients like loans, Cash Management Services, IPO monitoring services, & more. It also provides consultancy services, remittance services to its NRI clients. It has been expanding its market position to emerge as a significant 'Financial Conglomerate' with as many as 10 subsidiaries/sponsored institutions/joint ventures in India and abroad.
Canara Bank was merged with Syndicate Bank & the Government of India approved the amalgamation globally.
Here are the services provided by Canara Bank:
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