Canara Bank In India

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.canbankindia.com