Canara Bank is a major state-owned financial conglomerate headquartered in Bangalore, Karnataka, India. It was established in 1906, making it one of the oldest banks in the country, and it was nationalised in 1969. As of year-end 2014, the bank has a network of 5641 branches and more than 7600 ATMs spread across all geographical segments of India. The bank also has offices in London, Hong Kong, Shanghai, Leicester, Manama, Johannesburg, New York and Sharjah, UAE.
With an unbroken record of profits since its inception, Canara Bank has several firsts to its credit. These include: launching of an inter-city ATM network, obtaining ISO certification for a branch, articulation of ‘Good Banking’ (bank’s citizen charter), launching of an exclusive subsidiary for IT consultancy, credit card issuance for farmers, and providing agricultural consultancy services.
According to Canara Bank’s founding principles, “A good bank is not only the financial heart of the community, but also one with an obligation of helping in every possible manner to improve the economic conditions of the common people".