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Canara Bank established its international division in 1976. In 1983, Canara Bank opened its first overseas office, a branch in London. Two years later, Canara Bank established a subsidiary in Hong Kong, Indo Hong Kong International Finance. In 2008–2009, Canara Bank opened its third foreign operation, this one a branch in Shanghai.
In the fiscal year 2005-06, Canara Bank became India's second-largest public sector bank in terms of advances and deposits. The bank changed its name to Canara Bank Limited in 1910 when it incorporated. [5] In 2002-03, the bank went in for its Initial Public Offer and raised Rs.110 crores. [2] The India government holds a 73% stake in Canara Bank.
All four amalgamated RRBs were sponsored by Syndicate Bank(Now Canara Bank) and were located in Karnataka. At the time of amalgamation in 2005, the bank’s business was Rs. 23,263.73 Crore. It was named the Karnataka Vikasa Grameena Bank. Its head office is at Dharwad. It is functioning under the sponsorship of Syndicate Bank (now Canara Bank).
It was a Scheduled Bank jointly owned by Government of India, Canara Bank and Government of Karnataka (share capital contributed in the ratio of 50:35:15 respectively). The bank was permitted to carry all kinds of banking business. The Bank was operating in 9 districts of Karnataka, having its Head Office at Ballari. [2] [3] [4]
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Pages in category "Canara Bank" The following 10 pages are in this category, out of 10 total. ... Contact Wikipedia; Code of Conduct; Developers; Statistics;
It was established in 1912 at Puttur, Karnataka, by Molahalli Shiva Rao. [1] [2] as the 7th central cooperative bank in the erstwhile Madras presidency at Puttur. The bank's head office is located in Mangalore. It has a network of 113 branches, including service branches, spread across the undivided district of South Canara.
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