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Banking in India

Central bank Reserve Bank of India

Allahabad Bank · Andhra Bank · Bank of Baroda · Bank of India · Bank of Maharashtra · Canara Bank · Central Bank of India · Corporation Bank · Dena Nationalised Bank · IDBI Bank · Indian Bank · Indian Overseas Bank · Oriental Bank of banks Commerce · Punjab & Sind Bank · Punjab National Bank · Syndicate Bank · UCO Bank · Union Bank of India · United Bank of India · Vijaya Bank State Bank of India · State Bank of Bikaner & Jaipur · State Bank of Hyderabad · State Bank State Bank of Indore · State Bank of Mysore · State Bank of Patiala · State Bank of Group Travancore Axis Bank · Bank of Rajasthan · Bharat Overseas Bank · Catholic Syrian Bank · City Union Bank · Development Credit Bank · Dhanalakshmi Bank · Federal Bank · Ganesh Bank of Kurundwad · HDFC Bank · ICICI Bank · IndusInd Bank · ING Vysya Bank · Jammu & Kashmir Bank · Karnataka Bank Limited · Karur Vysya Bank · Kotak Mahindra Bank · Lakshmi Vilas Bank · Nainital Bank · Ratnakar Bank · Rupee Bank · Saraswat Bank · SBI Commercial and International Bank · South Indian Bank · Tamil Nadu Mercantile Bank · YES Bank ABN AMRO · Abu Dhabi Commercial Bank · Antwerp Diamond Bank · Arab Bangladesh Bank · Bank International Indonesia · Bank of America · Bank of Bahrain & Kuwait · Bank of Ceylon · Bank of Nova Scotia · Bank of Tokyo Mitsubishi UFJ · Barclays Bank · Citibank India · HSBC · Standard Chartered · Deutsche Bank · Royal Bank of Scotland

Private banks

Foreign banks

Regional South Malabar Gramin Bank · North Malabar Gramin Bank · Pragathi Gramin Rural banks Bank · Shreyas Gramin Bank


In 1983. the bank had a network of 2861 branches. Canara Bank established a subsidiary in Hong Kong. In 1985. with a total business of about Rs. In terms of business it is one of the largest nationalized commercial banks in India. In 1985. established the Canara Bank Hindu Permanent Fund in Mangalore.[1] The bank changed its name to Canara Bank Limited in 1910 when it incorporated. Moscow. Ammembal Subba Rao Pai. At the time of the acquisition the bank had five branches. Its head office is located in Bangalore. spread across India and other countries. India. Canara Bank inaugurated its 1000th branch. Raghumathmul Bank.2 trillion. the Reserve Bank of India ordered Canara Bank to acquire G. Canara Bank acquired Lakshmi Commercial Bank in a rescue. This bank had been established in 1870. Shanghai. on 1 July 1906.[hide] • • • • • • • • • • • 1 History 2 Founding Principles 3 Forbes Global 2000 Ranking 2006 4 Subsidiary Companies 5 Regional Rural Banks 6 Development projects 7 Major IT initiative 8 Financial Results FY 2007-08 9 See also 10 Further reading 11 References Canara Bank is a major commercial bank. and Dubai. It was established in India in 1906. Canara Bank acquired the Laksmi Commercial Bank. in Hyderabad. which makes it among the older Indian banks. a branch in London. Hong Kong. including London. along with 13 other major commercial banks of India. The bank also has international presence in several centers.[2] The Government of India nationalised Canara Bank. and had converted to a limited company in 1925. History The late Sri. India. Indo Hong Kong International Finance Ltd. As on 2009 November. on 19 July 1969. Doha. In 1976. a philanthropist. . Canara Bank opened its first overseas office. In 1984. In 1958.

Subsidiary Companies • • • • • • • • Canfin Homes Limited Canbank Factors Limited Canbank Venture Capital Fund Limited Canbank Computer Services Limited Gilt Securities Trading Limited Canara Robeco Asset Management Company Limited Canbank Financial Services Limited Canara HSBC Oriental Life Insurance Company Limited Regional Rural Banks • • • Shreyas Gramin Bank South Malabar Gramin Bank Pragathi Gramin Bank Development projects Canara bank made a partnership with UNEP to initiate a successful solar loan programme.In 2008-9. To assist the needy. Canara Bank chose Flexcube from i-flex solutions as the application. . It was a four-year $7. Canara Bank opened its third foreign branch. this one in Shanghai. To inculcate the habit of thrift and savings. Major IT initiative Canara Bank had a major IT initiative to network all branches and move them to a single software platform. To transform the financial institution not only as the financial heart of the community but the social heart as well. To develop a concern for fellow human being and sensitivity to the surroundings with a view to make changes/remove hardships and sufferings. launched in April 2003 to help accelerate the market for financing solar home systems in southern India. To spread education among all to sub-serve the first principle.6 million effort. Founding Principles • • • • • • • To remove superstition and ignorance. Forbes Global 2000 Ranking 2006 Canara Bank was ranked at 1299 in the Forbes Global 2000 list [3]. To work with sense of service and dedication.

G. ^ http://www.04 Crore Net PAT: Rs. 1879-1950. with Karaikudi Branch in Tamil Nadu being the 1000th branch to go 2.16723. Short History of Banking in Hyderabad District. eds. In March 2009 IT Examiner published reports[4] of major problems with the flexcube implementation.85-87.43. Vol. Financial Results FY 2007-08 • • • • Audited Financial Results for the year ended 31 March 2008 Gross Income: Rs. and V.79 See also • Canara Bank Official Web Site Further reading • A Banking Odyssey: The Canara Bank Story (ISBN 706958306) by M V Kamath References 1. 3.The Bank entered into an agreement with IBM for rolling out flexcube to over 1000 branches as part of Phase I. Raghavendra rao.aspx .1795.Forbes. Over 22 million customers are benefitting from this initiative. (Hyderabad: Bharatiya Itihasa Sankalana Samiti). 1987. pp.D> 4. 1879-1950AD (Yugabda 4981-5052). In M. This phase has just been concluded. ^ Canara Bank . 2. Bilolikar.33 Crore EPS: Rs. ^ Pagdi. ^ The Forbes 2000 . K. History of Hyderabad District. Radhakrishna Sarma.itexaminer.