Canara Bank
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Canara Bank has a can-do attitude about banking in India. One of India’s largest banks, Canara Bank (also known as CanBank) has a network of more than 4500 branches throughout India, in addition to branches in Hong Kong and London. All of Canara Bank’s branches — including those located in rural areas — are computerized, in a country where that is not a given. The modernization of all branches allows the bank to offer its customers networked ATMs, telebanking, internet banking, and debit card services. Canara Bank’s lending focus is on agriculture, retail, housing, and infrastructure loans. Other services include asset management and factoring. The financial institution is 73% owned by India’s government.
1.21
Overall Excellence Rating
Industry
Financial ServicesCategory
Banking & LendingESG/Ethical Impact
Canara Bank, underwent an amalgamation process during 2020 wherein erstwhile Syndicate Bank merged with Canara Bank w.e.f. 01.04.2020. Canara Bank was formerly known as ‘Canara Hindu Permanent Fund Ltd’, was the first Bank to articulate and adopt the ‘Directive Principles of Good Banking’. Whereas, Syndicate Bank established in 1925, formerly known as ‘Canara Industrial and Banking Syndicate’, was the only Indian bank with its headquarter in a rural area i.e. Manipal in Karnataka. Both the Banks formed with a socio economic development objective, to provide employment to local people, serve the underserved and uplift the communities. Over the time, transformed themselves as financial conglomerates
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Awards Received
2023
Revenues
7500000000.00
Website Traffic
Employee Rating
3.50
Customer Rating
3.90
Company Size
10000+
ESG Risk Rating
2.00