BUSINESS VERTICAL OF SBI

Significant Milestones

1st July 1906 Canara Hindu Permanent Fund Ltd. formally registered with a capital of 2000 shares
of 50/- each, with 4 employees.

1910 Canara Hindu Permanent Fund renamed as Canara Bank Limited

1969 14 major banks in the country, including Canara Bank, nationalized on July 19

1976 1000th branch inaugurated

1983 Overseas branch at London inaugurated Cancard (the Bank’s credit card) launched

1985 Takeover of Lakshmi Commercial Bank Limited Commissioning of Indo Hong Kong
International Finance Limited

1987 Canbank Mutual Fund & Canfin Homes launched

1989 Canbank Venture Capital Fund started

1989-90 Canbank Factors Limited, the factoring subsidiary launched

1992-93 Became the first Bank to articulate and adopt the directive principles of “Good Banking”.

1995-96 Became the first Bank to be conferred with ISO 9002 certification for one of
its branches in Bangalore

2001-02 Opened a 'Mahila Banking Branch', first of its kind at Bangalore, for catering
exclusively to the financial requirements of women clientele.

2002-03 Maiden IPO of the Bank

2003-04 Launched Internet Banking Services

2004-05 100% Branch computerization

2005-06 Entered 100th Year in Banking Service. Launched Core Banking Solution
in select branches. Number One Position in Aggregate Business among
Nationalized Banks.

2006-07 Retained Number One Position in Aggregate Business among Nationalized Banks.
Signed MoUs for Commissioning Two JVs in Insurance and Asset Management
with international majors viz., HSBC (Asia Pacific) Holding and
Robeco Groep N.V respectively.

2007-08 Launching of New Brand Identity. Incorporation of Insurance and Asset Management
JVs. Launching of 'Online Trading' portal. Launching of a ‘Call Centre’. Switchover
to Basel II New Capital Adequacy Framework.

2008-09 The Bank crossed the coveted 3 lakh crore in aggregate business.
The Bank’s 3rd foreign branch at Shanghai commissioned.

2009-10 The Bank’s aggregate business crossed 4 lakh crore mark.

Net profit of the Bank crossed 3000 crores.
The Bank’s branch network crossed the 3000 mark.

2010-11 The Bank’s aggregate business crossed 5 lakh crore mark. Net profit of the Bank
crossed 4000 crores. 100% coverage under Core Banking Solution.
The Bank’s 4th foreign branch at Leicester and a Representative office at Sharjah,
UAE, opened. The Bank raised 1993 crore under QIP. Govt. holding reduced to
67.72% post QIP.

2011-12 Total number of branches reached 3600. The Bank’s 5th foreign branch at Manama, Bahrain o

2012-13 Highest Dividend of 130% paid for the year

2013-14 1027 branches and 2786 ATMs opened during the year. Global business crossed the
 7 lakh crore milestone. Switchover to Basel III New Capital Adequacy Framework.

2014-15 Global Business of the Bank crossed 8 lakh crores.

2015-16 The Bank's 8th foreign branch at DIFC (Dubai) opened.

2016-17 Branch network crossed 6000 milestones. Total number branches rose to 6083.
Canara Bank (Tanzania) Ltd., a foreign subsidiary, opened.

2017-18 Global Business of the Bank crossed 9 lakh crores.

PRODUCT PROFILES

Personal Banking
Canara Bank India provides the following services under the Personal Banking
section: -
 Loans
 Home Loan
 Life Insurance
 Canara Global credit Cardsv
 Canara champ deposit scheme
 Personal Loan
 Loan against Property
 General Insurance
 Canara premium current account
 SB gold scheme
 Canara super savings salary account scheme
 CANARA ROBECO Mutual Fund Products
 Overdrafts

Corporate Banking
Canara Bank provides par excellence services in Corporate Banking as well.
These include,
 Syndication Services
 IPO Monitoring Activity
 Merchant Banking Services
 Accounts & Deposits
 Cash Management Services
 Loans & Advances
 TUF Schemes
 Canara electronic Tax
Apart from these, the Canara Bank also has exciting offers and packages for
NRIs.

NRI Banking
 Canbank remit money scheme
 Rupee drawing arrangement
 Swift
 Bank-western union remittances scheme

Priority & SME Credit

The following facilities are listed under this service:-
 Priority Credit
 SME Business
 SME Marketing Desk
 Regional Rural Banks
 Consultancy Services related to agriculture
 Agri-Business Marketing Desk
 Rural Development
 Entrepreneurship Development for women
 Social Banking
Some of the loans provided by the Canara Bank include;

Bank Deposits
 Savings Bank Deposits
 Canara Super Savings Salary A/c
 Canara Flexi A/c
 Current Account
 Savings Bank Gold A/c
 Canara Saral
 Canara Champ
 Can Premium Current Account
 Loans & Advances
 Housing Loan
 Loan for Personal Needs
 Loan for Personal needs of Teaching/Non- Teaching Staff
 Loan for Pensioners
 Loan against Security of Mortgage of Property
 Loan against approved Shares/Debentures/Mutual Funds

Canara Bank Loans

Canara Bank provides all conventional banking facilities and various
contemporary banking products. The various types of Canara Bank Loans,
which are offered to the customers include:
 Personal Loan
 Home Loan
 Consumer Loan
 Vehicle Loan
 Educational Loan
 CEMAT Facilities
 Agricultural Loan

Car Loans
The car loans by the Canara Bank are offered for buying new or used four
wheelers. The loans are given to the salaried people with regular income and
those who have the capacity to repay the loan amount. Corporate firms and
business people are eligible for car loans. For new car loans, there is no ceiling
on the loan amount. For the used cars, the bank offers finance for the cars that
are older than 5 years.

Home Loans
Canara Bank Home Loans are provided for the purchase or construction of
houses and flats. The bank also offers loans for the renovation and furnishing of
the existing house or flat. Loan amount subject to the maximum of `
1,00,00,000 is provided to the customers. For site loans, the amount should be
repaid within a period of 5 to 10 years. For other loans, the loan amount can be
repaid within 5 to 20 years.Canara Bank Home Loans are also offered for the
purchase or construction of companies or corporations.
Education Loans
The educational loans by Canara Bank are provided to the meritorious students
and the needy students. The funds are offered to the Indian students only. The
loans are granted for pursuing graduate courses, professional courses and
technical courses. Finance is provided by the Canara Bank for advanced studies
abroad as well.

The education loans are offered for the payment of fees, purchase of educational
equipment and books. For study in India, the maximum loan amount that is
provided is ` 7.50 lacs and for studies abroad, the ceiling is Rs.15 lacs. The loan
amount needs to be repaid within 5 to 7 years.

Personal Loans
Personal loans are offered by Canara Bank to fulfill various personal needs of
the customers. The personal loans are provided to all who have the ability to
repay the loan amount.
Canara Bank Loans are also provided to the Non-Resident Indians.
 c

CSR ACTIVITIES

a) Activities:
Schedule VII of the Companies Act, duly amended by notification of
27.02.2014 has listed out the activities that can be taken under CSR by the
companies.  Activities specified in Schedule VII and illustrative list of projects
and programmes that can be taken under each activity is listed below:
1. Eradicating hunger, poverty and malnutrition, promoting preventive
health care and sanitation and making available safe drinking water.
2. Promoting education, including special education and employment
enhancing vocation skills especially among children, women, elderly and the
differently abled and livelihood enhancement projects;
3. Promoting gender equality, empowering women, setting up homes and
hostels for women and orphans, setting up old age homes, day care centres
and such other facilities for senior citizens and measures for reducing
inequalities faced by socially and economically backward groups;
4. Ensuring environmental sustainability, ecological balance, protection of
flora and fauna, animal welfare, agro forestry, conservation of natural
resources and maintaining quality of soil, air and water.
5. Protection of national heritage, art and culture including restoration of
buildings and sites of historical importance and works of art, setting up
public libraries, promotion and development of traditional arts and
handicrafts.
6. Measures for the benefit of armed forces veterans, war widows and their
dependents.
7. Training to promote rural sports, nationally recognized sports,
Paralympics sports and Olympic sports.
8. Contribution to the Prime Minister’s National Relief Fund or any other
fund set up by the Central Government for socio economic development and
relief and welfare of the Scheduled Castes, the Scheduled Tribes, other
backward classes, minorities and women.
9. Contributions or funds provided to technology incubators located within
academic institutions which are approved by the Central Government.
10. Rural development projects.
11. Promotion of digital payments: Procurement of PoS devices by the
Bank in Rural areas /NE States
CSR Rules specify that the CSR projects, programmes or activities undertaken
in India shall amount to CSR expenditure.  Rules also prescribe that the
activities that benefit only the employees and the families of the company shall
not be considered as CSR.   DPE Guidelines permit creation of infrastructure
facilities like schools, hospitals, training institutes, primarily created for benefit
of underprivileged communities and society at large, but facilities are also
availed by employees of the company and their families, are eligible to be
classified under CSR provided employees do not exceed 25% of the total
number of beneficiaries of such facilities.
 
b) Geographic Areas:
Companies Act provides that the company should give preference to local area
and area around where it operates.  Ours being a Bank with PAN INDIA
presence, CSR activities can be taken up anywhere in the country, Service
Area/command area of our branches, economically backward Districts
(identified by the Planning Commission for Backward Regions Grant Fund),
Districts with concentration of minorities, Scheduled Castes and Tribes and
other vulnerable sectors.

 
c) Roles of Head Office, Circle Office & Regional Offices/Branches:
 
Sanctioning Committees at HO:
To drive the SD and CSR agenda of the Bank, there will be following
committees at HO:
1. Sustainable Development & Corporate Social Responsibility (SD &
CSR) committee of the Board
2. ED-SD & CSR Committee
3. GM-SD & CSR Committee
     1. Sustainable Development & Corporate Social Responsibility (SD &
CSR) committee of the Board:
Implementation and Monitoring of Sustainability and CSR activities will be
overseen by a three-member sub-committee of Board named “Sustainable
Development & Corporate Social Responsibility (SD & CSR) committee”
headed by the Managing Director & CEO.  The committee shall approve the
proposals beyond the delegated powers of ED-SD&CSR Committee. 
2. ED-SD & CSR Committee:
ED-SD & CSR Committee is consisting of All Executive Directors of the Bank.
The committee shall approve the proposals beyond the delegated powers of
GM-SD&CSR Committee.
3. GM-SD & CSR Committee:
GM-SD & CSR Committee is consisting of Four General Managers. The
Committee will scrutinize all the proposals and take appropriate decision. The
proposals falling beyond the powers of The GMs Committee will be
recommended to the higher-level SD&CSR Committees.
 
Circle SD & CSR Committees:
In addition to the above committees at HO, to sanction the proposals at Circle
levels, Sustainable Development & Corporate Social Responsibility (SD &
CSR) Committees headed by the respective Circle Heads are constituted. The
Overseeing Executives and Section Heads of MIPD and AF Sections shall be
the other members. The committee will sanction the proposals within their
delegated powers (Rs. 2 Lakh per proposal within the overall budget allotted to
Circle) and will also forward the proposals falling under the HO powers with
their views and recommendations.
Regional Offices/Branches shall identify suitable activities and recommend to
Circle Office for approval or for onward recommendation to Head Office, if the
proposals fall beyond the delegated powers of Circle SD&CSR Committee.
Regional Offices/Branches shall implement the projects sanctioned by
Circle/Head Office and ensure end utilization.