Overview
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Canara Bank is a major public sector bank in India.
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It was founded in 1906 in Mangalore by Ammembal Subba Rao Pai.
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The bank was nationalized in 1969.
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Headquarters: Bengaluru, Karnataka, India.
Size & Reach
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As of June 2025, Canara Bank operates 9,861 branches.
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It also has a large ATM/CRM network (ATMs, Cash Recycler Machines etc.).
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It sponsors regional rural banks; for example, Karnataka Grameena Bank is one such, after restructuring under the “One State, One RRB” policy from May 1, 2025.
Ownership & Subsidiaries
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The Government of India holds a majority stake (around 62.93%) in the bank.
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Some subsidiaries and affiliated entities include:
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Canfin Homes Limited
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Canbank Factors
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Canara Robeco Asset Management
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Canara Bank Securities
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CanBank Financial Services
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Products & Services
Canara Bank provides a wide range of banking and financial services, such as:
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Retail banking: savings accounts, current accounts, fixed deposits, recurring deposits
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Loans: home, personal, vehicle, education, gold, MSME / business loans
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Corporate banking, infrastructure finance, syndication
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Cards: debit, credit, prepaid
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Digital services: internet banking, mobile banking, UPI, etc.
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NRI banking, remittances
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Locker facilities, investment services
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Insurance tie-ups, wealth management services
Recent Updates & News
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The bank has waived the requirement for minimum balance on savings accounts — i.e., no penalty now for low balance in any savings account type.
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In Q1 of FY 2025-26, Canara Bank’s net profit rose ~21.6% YoY.
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It has announced 3,500 apprentice positions (Graduate Apprentices) for 2025 under the Apprenticeship Act.
If you like, I can also fetch:
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The branches of Canara Bank in Salem, Tamil Nadu
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The interest rates for various accounts or loans
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How to open an account or apply for a job
What more would you like to know?