Canara Bank Ltd. (CANBK)

Overview

Canara Bank, established in 1906 and headquartered in Bengaluru, India, is a significant player in the banking sector providing a wide array of banking products and services both domestically and internationally. The bank has carved a niche for itself by catering to the varied banking needs of its customers through an extensive portfolio that includes everything from personal banking and loans to insurance products, digital banking solutions, and more. As a bank that has stood the test of time, Canara Bank continues to evolve by integrating technology with traditional banking to meet the changing preferences of its customers.

Products and Services

• Personal Banking Services:

  Canara Bank offers a comprehensive range of personal banking services that include savings accounts, current accounts, recurring deposits, and term deposits to cater to the savings and investment needs of individuals.

• Loan Products:

  The bank provides a wide variety of loan products like home loans, vehicle loans, education loans, personal loans, mortgage loans, gold loans, MSME loans, corporate loans, agricultural loans, solar loans, rent loans, and cash loans, aiming to fulfill the financial needs of different customer segments.

• Corporate Finance:

  Canara Bank offers working capital loans, infrastructure finance, and export finance products designed to support businesses in their growth and expansion endeavors.

• Insurance Products:

  Through its banking network, Canara Bank provides life insurance, general insurance, and health insurance products, ensuring that its customers have access to comprehensive financial protection.

• Investment Services:

  Customers can avail of depository services, merchant banking, online trading, and mutual funds, catering to the varied investment preferences of individuals and corporate entities.

• Digital Banking:

  The bank embraces modern technology by offering a digital lending portal, mobile and internet banking, credit, debit, and prepaid cards, UPI and FASTag, missed call banking, and online account and payment solutions for a seamless banking experience.

• NRI Banking:

  Canara Bank provides NRI banking accounts, remittance facilities, attorneyship services, and nomination facilities, ensuring that non-resident Indians have access to convenient banking solutions.

• Supply Chain Finance Management:

  The bank offers specialized services that improve the efficiency of supply chain finance management for businesses, enhancing liquidity and reducing financial costs.

• Syndication Services and IPO Monitoring:

  Canara Bank provides syndication services and IPO monitoring services, aiding businesses in fund-raising activities and ensuring compliance and monitoring of initial public offerings.

• Consultancy Services:

  It extends consultancy services in areas including estate planning and wills, private and charitable trusteeship, debenture and security trusteeship, and attorney services, further broadening its service offerings.