Canara Bank

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Key details

Parent: Ammembal Subba Rao Pai in Mangalore

Overview

Canara Bank is BSE: 532483 + NSE: CANBK + Indian state-owned commercial bank + one of India's largest public sector banks by assets + ~110M+ Indian customers + Syndicate Bank Apr 1 2020 amalgamation [1, in-cro].

History

Jul 1 1906 — Canara Hindu Permanent Fund Ltd founded by Ammembal Subba Rao Pai in Mangalore distinctive Indian banking heritage.

1969 — Canara Bank nationalised by Indian government as one of 14 major Indian commercial banks.

2013 — Canara Bank mobile banking app launch.

Apr 1 2020 — Syndicate Bank Apr 1 2020 amalgamation into Canara Bank distinctive Indian banking consolidation.

Ownership & operator

Operating entity: Canara Bank (Indian state-owned commercial bank; BSE: 532483 + NSE: CANBK).

Major shareholders: Government of India (Ministry of Finance) ~62.93% majority + Indian retail + institutional + foreign investors free float.

Regulators: RBI.

Technical integration

Canara ai1 mobile app (iOS + Android; ~110M+ Indian customers) + canarabank.com online + Canara Bank branch network across India + UK + UAE + Bahrain + Russia + South Africa + US + Japan + Hong Kong + Tanzania + Canara Visa + Mastercard + RuPay cards; UPI + BharatQR + IMPS + RuPay.

Implementations & partners

Major Indian banking + payments competitors: [[sbi-yono]] (SBI YONO State Bank of India; BSE: 500112 + NSE: SBIN; India's largest commercial bank by assets) + [[hdfc-bank]] (HDFC Bank; BSE: 500180 + NSE: HDFCBANK; India's largest private commercial bank by assets) + [[icici-bank]] (ICICI Bank; BSE: 532174 + NSE: ICICIBANK; India's #2 private commercial bank by assets) + [[axis-bank]] (Axis Bank; BSE: 532215 + NSE: AXISBANK; India's #3 private commercial bank by assets) + [[kotak-mahindra]] (Kotak Mahindra Bank; BSE: 500247 + NSE: KOTAKBANK; India's #4 private commercial bank by assets) + [[pnb-india]] (PNB Punjab National Bank; BSE: 532461 + NSE: PNB; Indian state-owned commercial bank) + [[bank-of-baroda]] (Bank of Baroda; BSE: 532134 + NSE: BANKBARODA; Indian state-owned commercial bank) + [[union-bank-india]] (Union Bank of India; BSE: 532477 + NSE: UNIONBANK; Indian state-owned commercial bank) + [[phonepe]] (PhonePe; Walmart Flipkart subsidiary; India's largest UPI wallet by transactions) + [[google-pay-india]] (Google Pay India; India's #2 UPI wallet by transactions) + [[paytm]] (Paytm; BSE: 543396 + NSE: PAYTM; Indian super-app wallet).

Regulator: RBI.

Status

Active, BSE:532483 + NSE:CANBK + Indian state-owned commercial bank + one of India's largest public sector banks by assets + ~110M+ Indian customers + Syndicate Bank Apr 1 2020 amalgamation [1, 2].

Sources

1 Canara Bank — official
2 Canara Bank — Wikipedia
in-cro In-corpus: reports/countries/IN-india.md

Source

Biography extracted from canara-bank.md. See matrix.md for standards-support matrix if present.