Canara Bank is one the largest public sector banks in India. It was established in the year 1906 at Mangaluru in Karnataka as Canara Permanent Hindu Fund. In the year 1969, it was nationalised and has since grown into a major public sector bank. The Government of India holds 62.93% stakes in the bank, with public holding making up 37.07%. Canara Bank sponsors two rural banks, namely Karnataka Grameena Bank and Kerala Grameen Bank.
| Particular | Details |
| Bank Name | Canara Bank |
| Type | Public Sector |
| Founded | 1st July 1906 |
| Founder | Ammembal Subba Rao Pai |
| Headquarters | Bengaluru, Karnataka, India |
| MD & CEO | Hardeep Singh Ahluwalia |
| Chairman | N/A |
| Regulator | RBI |
| Services | Retail Banking, Corporate Banking, Rural Banking and more |
| Branch Network | 9,861 |
| Customer Base | 11.76 crore |
| Total Deposits | INR 15.27 lakh crore |
| Total Advances | INR 11.51 lakh crore |
| CASA Ratio | 30.69% |
| Bank Type Focus | Priority sector lending, Personal Banking, Agriculture Banking |
| Official Website | www.canarabank.bank.in |
Net Worth and Market Cap
Net Worth of Canara Bank was approximately INR 99,900 crore in the fiscal year ending March 2025. The current market capitalisation of the bank is INR 1.38 lakh crore.
Corporate Leadership
Hardeep Singh Ahluwalia is currently holding the additional charge of Managing Director and CEO, apart from being the Executive Director of Canara Bank, following the retirement of previous MD and CEO, K Satyanarayana Raju. There is currently no serving Non-Executive Chairman.
Summary of Banking Products and Services
Canara Bank offers a comprehensive suite of banking products and services, which are broadly categorised into personal or retail banking, corporate banking, priority sector lending, rural banking, digital services and more. They are tailored for individuals, businesses, institutions, farmers and NRIs.
A host of savings and current account options are offered by the bank. These include Standard Savings, Aspire, Angel, Premium Payroll, Senior Citizen, Power Plus, Junior, Jeevandhara, Privilege, RERA, Delite and Prarambh. There is also a number of deposit schemes for retail customers, such as fixed, recurring, Kamdhenu, Dhanvarsha, Nitya Nidhi and more.
Corporate banking solutions include term loans, working capital finance, infrastructure financing, treasury services and trade finance. Tailored schemes for MSMEs include government sponsored programs, digital MSME lending and special support for women or new entrepreneurs.
Insurance products are also offered by the bank. They include Pradhan Mantri Suraksha Beema Yojana and general, life and health insurance through tie-ups.
Distribution Network
Canara Bank has its head office or headquarters in Bengaluru, Karnataka, India. The bank has a network of 9,861 branches, 7,907 ATMs and 2,940 cash recyclers across India. In addition, it operates few branches in overseas locations like Dubai, London, New York, Hong Kong and Shanghai.
