Canara Bank's Overview | Screener

Past performance

Performance overview

About Canara Bank Canara Bank, headquartered in Bangalore, is a prominent state-owned commercial bank in India, offering a diverse range of financial products and services. Established in 1906, the bank has evolved significantly, achieving several milestones, such as the nationalization in 1969 and launching international branches since 1983. The bank currently operates 9,706 branches, including specialized units, and has a substantial international presence with branches in eight countries. In FY 2022-23, Canara Bank's global business reached Rs 20,42,001 crore, with deposits growing to Rs 11,79,219 crore and advances to Rs 8,62,782 crore. The bank has diversified its services through joint ventures in life insurance and mutual funds, and has embraced digital banking innovations. Recent strategic initiatives include partnerships with fintech companies and capital enhancement through bonds. The Government of India holds a 62.93% stake as of March 2023, reflecting its continuing support and investment in the bank's growth and stability.

Website canarabank.com

Founded 1906

Headquarters Bangaluru