Canara Bank in India has a history of nine decades and is the largest
public sector banks in India. Canara Bank India has a deposit advance
base of Rs.640 bn and Rs 332 bn (figure in the year 2002).
Canara Bank of India has a total of 47,843 employees and is spread with
2409 branches throughout the country. Canara Bank India has an exposure
to petroleum, engineering, infrastructure, factoring, investment
management, venture capital, home finance and securities.
Canara Bank entered Forex arena in 1953 with the opening of its first
Foreign Exchange Department in Mumbai. The Bank has 5 forex dealing
rooms located in Mumbai, New Delhi, Calcutta, Chennai and Bangalore in
India and one in London branch. Canbank provides a wide range of
services and products like sale and purchase of 7 world currencies, swap
currency and forward bookings.
Canara Bank Loan
Canara Bank provides provides loans to almost every section of the
society.
Some of the loans are mentioned as under:
- Agriculture & Rural Credit
- Kisan Credit
- Loans for AgriClinic
- Minor Irrigation Loans
- Farm Machinery Loans
- Farm Development Loans
- Vehicle Loan for Agriculturists
- Loan for Plantation Crops
- Loan for Marine Fisheries
- Loan for Inland Fisheries
- Loan for Sericulture
- Loan for Purchasing Agricultural Land
- Loan for Poultry
- Export Credit for Agro Products
- Other Agricultural Loans
- Loans to SSIs
- Charter for SSIs
Canara Bank for Women
The Centre for Entrepreneurship Development for Women was established
by Canara Bank in India at the Bank's Corporate Office, Bangalore during
the year 1988 with an objective of assisting the potential women
entrepreneurs to select income generating activities and starting
ventures of their own.
Subsequently 9 such CEDs were opened and are functioning at Circle
Offices situated at various State Capitals. The CED at corporate office
brings out a newsletter VIKAS every bi-monthly.
Mahila Banking branch:
An exclusive branch for women and Mahila banking division - an
exclusive division for women within a branch opened, which is the 1st of
kind in the banking industry.
Details are enlisted below:
- Mahila Banking Branch, Jayanagar , Bangalore, Karnataka
- Mahila Banking Division, Mandipet Branch, Davangere, Karnataka
- Mahila Banking Division, M G Road Branch, Agra, UP
- Mahila Banking Division, N V Street Branch, Madurai, Tamilnadu
- Mahila Banking Division, West Palace Road, Thrissur, Kerala
- Mahila Banking Division, West Hill, Kozhikode, Kerala
- Mahila Banking Division, Shimoga Main Branch, Karnataka
These specialised branch and divisions offer all banking services
to women.
Objectives:
- To identify, select and train women Entrepreneurs.
- To conduct EDPs and Skill development programmes (EDPs) for
different target groups.
- To assist potential Women Entrepreneurs to start/establish/run an
Enterprise professionally.
- To guide existing entrepreneurs to improve the working and
modernisation of an existing unit.
- To co-ordinate with Government/Voluntary organisations engaged in
promoting entrepreneurship among women.
- To offer counselling services to the Entrepreneurs existing as
well as new.
- To assist in the formation of self-help groups.
Canara Bank Shares
Canara Bank Shares are listed at Bangalore, Mumbai and National Stock
exchanges.
The Bank has appointed the under mentioned as its share transfer agent
to whom communications regarding change of address, change in Bank
Mandate, transfer of shares , Mandate for ECS etc. should be addressed.
M/s. Karvy consultants ltd
46, Avenue 4
Street No.1
Banjara Hills
Hyderabad- 500 034
Interms of SEBI guidelines, the Registrar and Transfer agent of the
Bank is extending the facility of simultaneous transfer -cum
dematerialisation of shares to the investors. On transfer of shares in
the name of the transferee , they are being apprised to submit letters
to their depository participants for dematerialisation of shares. On
receipt of Demat request forms, the shares are dematerialised and
confirmation through electronic mode is sent. If the demat request
number is not received within a period of 30 days, the duly transfered
share certificate is despatched to the transferee.
Canara Bank Share holding pattern are as below:
| Government of India |
Rs.300.00 Crs |
73.17% |
| Mutual Funds/Other Institutions
|
Rs. 23.56 Crs |
5.75% |
| Private Corporate Bodies |
Rs. 13.64 Crs |
3.33% |
| Public |
Rs. 72.80 Crs |
17.75% |
| TOTAL |
Rs. 410.00 Crs |
100% |
Names of Depositories for Dematerialisation are:
- National Securities Depository Ltd (NSDL)
- Central Depository Services (India) Ltd (CDSL)
Canara Bank India has entered into an agreement with National
Securities Depository Ltd and Central Depository Services (India) Ltd as
an issuer company for Dematerialisation of Bank shares. In accordance
with the directions of the SEBI, trading in Canara Bank Shares by all
categories of Investors is only be permitted in dematerialised form.
Canara Bank Public Issue
Canara Bank of India is one of the largest public sector banks in the
country with a deposit and advances base of Rs 640 bn and Rs 332 bn
respectively in 2002. The bank's share of total public sector deposits
in FY01 stood at 7.5% combined with a 7.9% share in total PSU advances.
Deposits and advances have grown at a CAGR of 11% and 15% respectively
over the last five years.
Canara Bank also has diversified into other financial areas like
factoring, investment management, venture capital, home finance and
securities trading through various subsidiaries.
The two major objectives of the public issue are:
- Augmenting long-term resources of the bank.
- To meet future capital adequacy requirements. The capital
adequacy ratio of the bank as of March 2002 was 11.9%, which would
go up after the public issue.
Canara Bank profile of one decade is as follows:
Rs. in Crore
| |
1994-95 |
1995-96 |
1996-97 |
1997-98 |
1998-99 |
1999-2000 |
2000-01 |
2001-02 |
2002-03 |
2003-04 |
| Number of Branches |
2136 |
2192 |
2262 |
2312 |
2379 |
2397 |
2405 |
2409 |
2424 |
2469 |
| Capital |
590 |
485 |
485 |
578 |
578 |
578 |
578 |
578 |
410 |
410 |
| Reserves |
1144 |
1446 |
1564 |
1725 |
1835 |
2018 |
2237 |
2894 |
3739 |
4842 |
| Deposits |
22475 |
26243 |
31445 |
38045 |
41959 |
48001 |
59070 |
64030 |
72095 |
86345 |
| Quantum Increase |
2636 |
3768 |
5202 |
6600 |
3914 |
6042 |
11069 |
4960 |
8065 |
14250 |
| % Increase |
13.29 |
16.77 |
19.82 |
20.99 |
10.29 |
14.4 |
23.06 |
8.4 |
12.6 |
19.77 |
| Non-Resident Deposits |
2953 |
3879 |
4984 |
6302 |
7589 |
8918 |
9877 |
11358 |
12482 |
12909 |
| Foreign Business Turnover * |
20172 |
26438 |
27741 |
34238 |
39859 |
53634 |
61119 |
59333 |
65676 |
67347 |
| Advances (Net) |
10878 |
13096 |
14413 |
16825 |
19530 |
23547 |
27832 |
33127 |
40472 |
47639 |
| Advances to Priority Sector |
4125 |
4892 |
5702 |
6735 |
7034 |
7667 |
9139 |
10536 |
14604 |
19580 |
| Export Credit |
2065 |
2434 |
2603 |
2813 |
2789 |
3007 |
3517 |
3672 |
4429 |
5497 |
| Total Number of Staff |
53327 |
54044 |
54316 |
54703 |
55097 |
55363 |
48257 |
47796 |
47566 |
47613 |
| Total Income |
2801 |
3382 |
3869 |
4431 |
5319 |
5687 |
6536 |
7799 |
8170 |
9080 |
| Total Expenditure |
2597 |
3129 |
3721 |
4228 |
5094 |
5451 |
6251 |
7058 |
6173 |
6221 |
| Operating Profit |
552 |
651 |
654 |
673 |
957 |
923 |
1131 |
1656 |
1997 |
2859 |
| Net Profit |
204 |
253 |
147 |
203 |
225 |
236 |
285 |
741 |
1019 |
1338 |
Apart from the above mentioned loans, Canara Bank Housing Loans are
also served to its customers.
Canara Bank Branches and Offices
In India
Canara Bank of India has a network of 2508 branches, spread over 25
States/4 Union Territories of the country and, one overseas branch at
London, which are administered through
- Head Office at Bangalore
- 13 Circle Offices and 1 International Division
- 38 Regional Offices
Abroad
Canara Bank established its International Division in 1976, to
supervise the functioning of its various foreign departments. To give
the required thrust to foreign exchange business expecially exports and
to meet the requirements of NRIs.
The Bank has its presence abroad, as under:
- Canara Bank London, UK ( branch)
- Indo Hong Kong International Finance Co. Ltd., Hong Kong (
subsidiary)
- Canara Bank Moscow (representative office)
- Al Razouki Intl. Exchange Company, Dubai, UAE. (Secondment
agreement and DD drawing facility on Canara Bank)
- Eastern Exchange Establishment. Doha, Qatar. (Management
agreement and DD drawing facility on Canara Bank).
In addition, following Exchange Companies have DD drawing
arrangement on Canara Bank
- Al Fardan Exchange Company, Abu Dhabi, UAE.
- UAE Exchange Center, Abu Dhabi, UAE.
- Leela Megh Exchange Company, Dubai, UAE
- Thomas Cook Al Rostamani Exchange Co. Dubai, UAE
- Kuwait Bahrain Intl. Exchange Co. Kuwait
- Musandam Exchange, Muscat, Oman
- Laxmi Das Tharia Ved Exchange Co., Muscat, Oma
Website of Canara Bank
www.canarabank.in/
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