Canara Bank India
Canara Bank was founded by Shri Ammembal SubbaRao Pai at Mangalore in the year 1906 in India. Mangalore in Karnataka was a small port and the founder sensed the need. Canara Bank has an unmatched reputation in South India and is prominent for its excellent services and diverse portfolio. Canara Bank attained several milestones and some of the important functions include Personal Banking, NRI Banking, Corporate Banking and SME Credit.
• Canara Bank is one of the nationalized banks in India offering services such as Home Loan, SB Gold scheme, Personal loan, General Insurance, Loans, Loan against property, overdrafts, and much more.
• Corporate Banking offers par excellence services including Merchant Banking Services, Cash Management Services, Syndication Services, TUF Schemes and IPO Monitoring Activity.
• NRI Banking includes western union remittance schemes, rupee drawing arrangement and remit money scheme.
Priority & SME Credit
The following facilities listed are Priority Credit, Regional Rural Banks, Social Banking, Consultancy Services related to agriculture, Rural Development, SME Marketing Desk and Business.
Canara Bank Loan
Canara Bank offers loans to majority sections namely, Kisan Credit, Farm Development Loans, Vehicle Loan for Agriculturists, Farm Machinery Loans, Loan for Plantation Crops, Loans for AgriClinic, Loan for Poultry, Loan for Sericulture and Export Credit for Agro Products, and many more.
Canara Bank for Women
Canara Bank, one of the nationalized banks in India was the centre for women entrepreneurship. This was initiated with the objective of supporting potential women entrepreneurs to generate activities to earn income and to start venturing. Owing to this an exclusive branch Mahila banking division was opened and this was the first of this kind of banking industry.
Mahila Banking Branches
The branches of Mahila Banking are in Karnataka in Jayanagar-Bangalore, Mandipet-Davangere and Shimoga as the main branch. It also has its Mahila branch in UP at M G Road- Agra, Madurai in Tamil Nadu, Thrissur and Kozhidode in Kerala.
• To recognize, select as well as train the women entrepreneurs.
• Conduct skill development and EDP programs for diverse groups.
• Assist potential women to run or establish or even initiate enterprise professionally.
• Guide the already existing entrepreneurs and to help in improving the working as well as modernization of the existing units.
• Co-ordinate the government and voluntary organizations and thereby promoting entrepreneurship in women.
• Offering counseling services to new and existing women entrepreneurs.
• Assisting the self-help group formations
Canara Bank Share holding pattern
Government of India 73.17%, Private Corporate bodies 3.33%, Mutual Funds 5.75% and Public 17.75%.