CHAPTER-3CANARA BANK PROFILE

Origin of Canara Bank

Canara bank was founded as “Canara Bank Hindu Permanent Fund” in 1906 by late 'Shri Ammembal subba RaolPai, a philanthropist. This small seed blossorned into a limited company as “Canara Bank Ltd” in l9l0. Canara Bank is one of premier in the country, accredited with umpteen distinctions. The present stature of the bank-is due to its strong fundamentals and quality customer orientations. Profit making since inception, the bank today symbolize a perfect blend of commercial and social / developmental banking; gone through the various phases 'of its growth trajectory over hundred years of its existence. 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 and clientele segments Eighties was characterized by business diversifi¢ation for the Batik. In June 2006, the Bank comp1éted a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canaral Bank occupies a premier position in the comity of Indian banks. With an unbroken record of profits since its inception, Canara Bank has several firsts to it's credit. These include:

Launching of Inter-City ATM Network Obtaining ISO Certification for a Branch Articulation of ‘Good Banking’ -Bank’s Citizen Charter Commissioning of Exclusive Mahila Banking Branch Launching of Excusive Subsidiary for IT Consultancy Issuing credit card for farmers . Providing Agricultural Consultancy Services

Over the years, the Bank has been scaling up its market position to emerge as a major Financial Conglomerate with as many as nine subsidiaries sponsored / institutions /joint ventures in India and abroad. As at Decmber 2013, the Bank has further expanded its domestic presence, with 3700 branches spread across all geographical segments. Keeping customer convenience at the forefront, the Bank provides a wide array of alternative delivery channels that include over 3500

ATMs- one of the highest among nationalized banks- covering 732 centers, 2681 branches providing Internet and Mobile Banking (IMB) eservices, advanced payment and settlement system, all branches of the Bank have been to offer Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) facilities.

Not just in commercial banking, 'the Bank has also carved a distinctive mark; in various corporate socials, responsibilities, namely, serving national priorities, promoting rural development, enhancing rural self-employment , through several training institutes and spearheading financial inclusion objective. Promoting an inclusive growth strategy, Which has been formed as the basic plank of national policy agenda today, in fact deeply rooted in the Bank's founding principles. "A good bank is not only the financial heart of the community, but also one with an obligation of helping in every possible manner to improve the economic conditions of the common people". These insightful words of our 'founder continue to resonate even today in serving the society with a purpose. The story of Canara Bank in its first century was due, among others, to the continued patronage of its valued customers, stakeholders, committed staff uncanny leadership ability demonstrated by its leaders at the helm of affairs. We strongly. believe that the next century is going to be equally rewarding and event till not only service of the nation but also in helping the Bank emerge as a “Global Bank with Best practices”. This justifiable beliefs founded on strong fundamentals, customer centricity, enlightened leadership and a family like work culture.

Founding Principles: To remove Superstition and ignorance. To spread education among all to sub-serve the first principale. To in¢u1¢ate the habit of thrift and savings. To transform the financial institution not only as the financial heart of the

community but the social heart as well. To assist the needy. To work with sense of service and dedication. To develop a concern for fellow human being and sensitivity to the

surroundings With a view to make changes/remove hardships and sufferings.

Sound founding principles, enlightened leadership, unique work culture and remarkable adaptability to changing banking environment have enabled Canara Bank to be a frontline Banking institution of global standards.

Significant Milestone of Bank

lst July 1906 Canara Hindu Permanent Fund Ltd. formally registered With a capital of 2000 shares of 50/- each, with 4 employees. l910 Canara Hindu Permanent Fund renamed as Canara Bank Limitedl969 14 major in the country inc1uding Canara Bank; nationaliaed on July 19 1976 1000th branch inaugurated 1983 Overseas branch at London inaugurated Cancard (the Bank’s credit card) launched 1984 Merger with the Laksmi Commercial Bank Limited1985 Commissioning of Indo Hong Kong International Finance Limited1987 Cabbank Mutual fund and Canfin Homes launched1989 Venture Capital Fund started1989-90 Canbank Factors Limited, the factoring subsidiary launched1992-93 Became the first Bank to articulate and adopt the directive principles of Good Banking1995-96 Became the first Bank to be conferred with ISO 9002 certification for one of its branches in Bangalore2001-02 Opened a Mahila Banking Branch, first of its kind at Bangalore, for catering exclusively to the financial requirements of Women clientele.2002-03 Maiden IPO of the Bank2003-04 Launched-Internet Banking Services2004-05 l00% Branch computerization2005-06 Entered 100th Year in Banking Service. Launched- core banking Solution in select branches. Number One Position in Aggregate Business among Nationalized Banks.2006-07 Retained Number One Position in Aggregate Business among Nationalized Banks. Signed MoUs for Commissioning Two JVs in Insurance and Asset Management with international major’s viz., HSBC (Asia‘ Pacific) Holding Robeco Groep N.V resbective1y.

2007-08 Latuiching of New Brand Identity. Incorporation of Insurance and Asset Management JVs. Launching of Online-Trading portal. Launching of a call Centre. Switchover to Basel II New capital Adequacy Framework2008-09 The bank crossed the coveted 3 lakh crore in aggregate business. The banks’s 3rd foreign branch at Shanghai commissioned.2012-13 The Bank’s aggregate business crossed 6 1akh crore marks Net profit of the Bank crossed 3000 crore. The _Bank’s branch network crossed the 3000 mark.2013-14 Banks aggregate business crossed 7 lakh crore marks. Net profit of crossed 4000 crore. 100% coverage under Core Solution. The Bank’s 4th foreign branch at Leicester and a Representative office at Sharjah, UAE, opened. The Bank raised 1993 crore under QIP. Govt. holding reduced to 67.72% post QIP.

Organization structured Chart showing the organizational structure of Canara Bank

Director

Canara Bank Branches and Offices Canara Bank has a network of 3728 branches, spread over 22 states/ 4 union territories of the country and overseas branch @ London which arre administrated through

Head Office at Bangalore 34 Circles offices/ International Division 3728 Branches

BRANCHES ABROAD: CANARA BANK established its International Division in 197, to supervise the functioning of it various foreign department to give the required thrust to Foreign Exchange business, particularly export and to meet the requirements of NRI’s. Though small in size the Bank’s presence abroad has brought in considerable foreign business, particularly NRI Deposits. The presence of bank is shown under;

CANARA BANK, London UK (Branch) Indo Hong Kong international Finance Co Ltd Kong (subsidiary)

AL Razouki International Exchange' company, Dubai, UAE.

According to the latest information, both the CANARA BANK and State Bank of India have come into a mutual agreement as to both the banks will be operating as a one unit in the Moscow.

Products & Services Profile No projects is too big for the finance and no deposit is too small. The bank is

sensitive to people’s requirements and moves with the times. The rich tradition of service has continued to keep it in good steady. The detailed product profile of Canara Bank is as follow;

Personal banking Loan Products Technology products Mutual funds Insurance business International Services Card services Consultancy Services Depository Services Ancillary Services

Corporate banking Accounts & Deposits IPO Monitoring Activity Cash Management Services Merchant Banking Services Loans & Advances Syndication Services Cauara e-Tax

Remittance Facilities: Remit money - Web Based Speed Remittance Facility

Swift Lock Box Service Rupee Drawing Arrangement - Remittance Through Cheques Drawn On

Account Maintained with our bank

Internet banking: Retail Banking Corporate Banking' _

Priority and SME bankingi. Priority credit1. Agriculture And Rural Credit Schemes2. Education Loan And Other Priority Sector Loans Government Sponsored Schemes3. Lead bank activities.4. Lending to minority communities

ii. SME Businessiii. SME Market Desk iv. Regional Rural Banksv. Agricultural Consultancy Servicesvi. Agri-Business Marketing Deskvii. Rural Developmentviii. Center for Entrepreneurship development for women ix. Social Banking