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Indian Bank Canara Bank:Review

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By patnamohan


 

Canara bank is leading government bank of India it has over 2640 branches and approx 1900ATM. Canara Bank was founded by Shri Ammembal Subba Rao Pai, july 1906, at a small port in Mangalore, Karnataka. The growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach. Canara Bank got premier position emerging as the largest nationalized bank in India in terms of aggregate business volume for 2006-07.

Some good thing about CanaraBank Is

  • Articulation of ‘Good Banking' - Bank's Citizen Charter
  • Commissioning of Exclusive Mahila Banking Branch
  • Launching of Exclusive Subsidiary for IT Consultancy
  • First Bank in India to issue credit card for farmers
  • First Bank in India to provide Agricultural Consultancy Services

Canara Bank has made a distinctive mark in various corporate social responsibilities, namely, serving national priorities, promoting rural development, enhancing rural self-employment through several training institutes, spearheading financial inclusion objective etc.

It has following products:

A. Personal Banking: In personal banking there are following products

1. Loans Products: In loan following kind of loan can be taken:

  • o Housing, House improvement,CanCASH(Shares),CANMOBILE(Vehicle),Two wheller Loans, Can BUDGET(For employed),CanPension,Teachers Loan,Swarnaloan,CanRent,CanMORTGAGE, Can Travel,Can Tech,CanJewel,CanSiteloan,For online education Loan,Canra Jeevan,

2. Savings & Deposits

3. Technology Products

4. Mutual Funds

5. Insurance Business

6. International Services

7. Card Services

8. Consultancy Services

9. Depository Services

B. Corporate Banking:

o Accounts & Desposits

  • o IPO Monitoring Activity
  • o Cash Management Services
  • o Merchant Banking Services
  • o Loans & Advances
  • o TUF Schemes
  • o Syndication Services

C. NRI BANKING

Deposit Products

  • Loans & Advances
  • Remittance Facilities
  • etc

D. PRIORITY CREDIT SECTION

  • Agri-Consultancy
  • Rural Development
  • Social Banking
  • Agri-Marketing
  • SME Business
  • SME Marketing
  • CED for Women

Website: http://www.canarabank.com/

It has won following awards

  • 'Best Public Sector Bank' in India
  • "First National Award" for 2006-07.
  • 'Employer Branding Awards 2007' Canara Bank was the first Public sector Bank to bag this award.
  • 'Best Performing Bank' for the year 2005-06.
  • Niryat Bandhu Gold Trophy
  • ‘Golden Peacock National Training Award-2007' for excellence in Training.
  • 'Golden Peacock Award for Corporate Social Responsibility for the year 2007' .

This bank has ability to give confident quality service to the customer and customer can trust this government bank.

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Apostille  says:
8 months ago

Yes Canara Bank is very good.

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