Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba
Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then
a small port town in Karnataka, India. The Bank has gone through the various phases
of its growth trajectory over hundred years of its existence. Growth of Canara Bank
was phenomenal, especially after nationalization in the year 1969, attaining the
status of a national level player in terms of geographical reach and clientele segments.
Eighties was characterized by business diversification for the Bank. In June 2006,
the Bank completed a century of operation in the Indian banking industry. The eventful
journey of the Bank has been characterized by several memorable milestones. Today,
Canara Bank occupies a premier position in the comity of Indian banks. With an unbroken
record of profits since its inception, Canara Bank has several firsts to its credit.
Over the years, the Bank has been scaling up its market position to emerge as a
major 'Financial Conglomerate' with as many as nine subsidiaries/sponsored institutions/joint
ventures in India and abroad. As at Sep 2020, the Amalgamated Canara Bank services its customers
through a network of 10495 branches and 13023 ATMs spread across all Indian states and Union Territories.
Not just in commercial banking, the Bank has also carved a distinctive mark, in
various corporate social responsibilities, namely, serving national priorities,
promoting rural development, enhancing rural self-employment through several training
institutes and spearheading financial inclusion objective. Promoting an inclusive
growth strategy, which has been formed as the basic plank of national policy agenda
today, is in fact deeply rooted in the Bank's founding principles. "A good bank
is not only the financial heart of the community, but also one with an obligation
of helping in every possible manner to improve the economic conditions of the common
people". These insightful words of our founder continue to resonate even today in
serving the society with a purpose. The growth story of Canara Bank in its first
century was due, among others, to the continued patronage of its valued customers,
stakeholders, committed staff and uncanny leadership ability demonstrated by its
leaders at the helm of affairs. We strongly believe that the next century is going
to be equally rewarding and eventful not only in service of the nation but also
in helping the Bank emerge as a "Global Bank with Best Practices". This justifiable
belief is founded on strong fundamentals, customer centricity, enlightened leadership
and a family like work culture.
|