Canara Bank

Canara Bank is a state-owned financial services company in India. It was established in 1906, which makes it one of the oldest bank in the country. As of November 2009, the bank had a commercial network of 3057 branches, spread throughout India. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, and Dubai. In terms of business, it is one of the largest nationalized commercial banks, with a business of about Rs 2 trillion (US $ 48,000 million). Canara Bank is one of the Big Five Banks of India, along with the ICICI Bank, State Bank of India, Punjab National Bank and the Bank of India.

The government of India nationalised Canara Bank, along with 13 other large commercial banks in India on July 19, 1969. In 1976, Canara Bank opened its 1,000th branch. In 1983, Canara Bank opened its first office abroad, a branch in London. In 1985, Canara Bank acquired the Lakshmi Commercial Bank in a financial rescue operation. In 1985, Canara Bank established a subsidiary in Hong Kong, Indo Hong Kong International Finance Ltd. In 1996, Canara Bank became the first Indian bank to obtain ISO certification for a "Total Banking Branch" by its branch Seshadripuram in Bangalore.