Canara Bank (CANARABANK) is one of the premier public sector banks in the country. Founded in 1906, it went public in 1910 and became Canara Bank in 1969 after nationalization. Prior to nationalization, the bank took over a number of banks starting with the Bank of Kerala in 1961 and ending with the Pangal Nayak Bank in 1968. Subsequently in 1985, it took over Laxmi Commercial Bank. M.B.N. RAO is the chairman and managing director of the bank. With 100% computerization of the branches, the bank provides a wide array of services such as networked ATMs, anywhere banking, telebanking, remote access terminals internet & mobile banking, debit cards etc. The bank mainly has banking operations and treasury operations. Banking operations includes corporate banking, retail banking, personal and commercial banking, FOREX operations, cash management services, depository participant services and insurance. Treasury operations involve dealing in statutory liquidity ratio (SLR) and non-SLR securities. The bank has over 2,500 branches spread over 25 States/4 union territories of the country and two overseas branches in London and in Hong Kong. It has an offshore banking unit in NOIDA, Delhi. It was the first among banks to launch networked ATMs and obtain ISO certification. Subsidiaries include Canfinhomes, Canbank Factors, Canbank Venture Capital Fund, Canbank Computer Services, Gilt Securities Trading, Canbank Investment Management Services, and Canbank Financial Services. Canara Bank is the first bank to be conferred FICCI award for contribution to rural development. The bank`s head office is at 112, J.C. Road, Bangalore-560002, Karnataka.
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