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Corporate Banking- It provides various services to its corporate clients such as Cash Management Services, loans, IPO monitoring services, etc. NRI Banking- Besides various personal banking products it also offers remittance services, consultancy services to its NRI Clients.It also offers various products and services to priority and SME sector. The Bank has 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 diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks. 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 June 2011, the Bank has further expanded its domestic presence, with 3273 branches spread across all geographical segments. Keeping customer convenience at the forefront, the Bank provides a wide array of alternative delivery channels that include 2509 ATMs, covering 846 centres. With 100% CBS, the Bank offers technology banking, such as, Internet Banking, Mobile Banking and Funds Transfer through NEFT and RTGS across all branches. The Bank has further enhanced its basket of new tech-products for customer convenience like Canara Gift Cards, Canara Campus Card, Canara Platinum Card, Bills Desk for utility bills payment, Cash withdrawal at Point of Sale (PoS) machines at Merchant Establishments, VISA money transfer and the ASBA (Application Supported by Blocked Amount) facility during FY11. Vision & Mission

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Page 1: Corporate Banking

Corporate Banking- It provides various services to its corporate clients such as Cash Management Services, loans, IPO monitoring services, etc. NRI Banking- Besides various personal banking products it also offers remittance services, consultancy services to its NRI Clients.It also offers various products and services to priority and SME sector.

The Bank has 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 diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks.

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 June 2011, the Bank has further expanded its domestic presence, with 3273 branches spread across all geographical segments. Keeping customer convenience at the forefront, the Bank provides a wide array of alternative delivery channels that include 2509 ATMs, covering 846 centres. With 100% CBS, the Bank offers technology banking, such as, Internet Banking, Mobile Banking and Funds Transfer through NEFT and RTGS across all branches. The Bank has further enhanced its basket of new tech-products for customer convenience like Canara Gift Cards, Canara Campus Card, Canara Platinum Card, Bills Desk for utility bills payment, Cash withdrawal at Point of Sale (PoS) machines at Merchant Establishments, VISA money transfer and the ASBA (Application Supported by Blocked Amount) facility during FY11.

Vision & Mission

 Vision

To emerge as a ‘Preferred Bank’ by pursuing global benchmarks in profitability, operational efficiency, asset quality, risk management and expanding the global reach.

Mission

To provide quality banking services with good customer care, create value for all stakeholders and continue as a responsive corporate social citizen.

Profile

 A Brief Profile of the Bank

Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has

Page 2: Corporate 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 diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara 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 its 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 Exclusive 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 June 2013, the Bank has further expanded its domestic presence, with 3765 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 3754 ATMs, covering 1431 centres. Several IT initiatives have been undertaken during the year, which include Funds Transfer through Interbank Mobile Payment Services (IMPS) in ATMs, ASBA facility to net banking users, E-filing of tax returns and facility for viewing details of tax deducted at source, Terminal at select branches for customers to use net banking, SMS/e-mail alerts for all transactions done through ATM, net banking, POS, mobile banking, online payments irrespective of amounts, online loan applications and tracking facility, generation of automatic pass sheets through e-mail and automatic renewal of term deposits. Under Government business, the Bank has implemented internet based application for UGC Maulana Azad National Fellowship Scheme, Web portal for National Scheme for Girl Child Secondary Education, Electronic Accounting Systems of e-Receipts-Customs (EASeR-C) for collection of customs duty and e-payment of commercial taxes module for UP, Karnataka, Delhi and Tamil Nadu.

Not just in commercial banking, the Bank has also carved a distinctive mark, in various corporate social 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, is 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 growth story of Canara Bank in its first century was due, among others, to the continued patronage of its valued customers, stakeholders, committed staff and 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 eventful not only in service of the nation but also in helping the Bank emerge as a "Global Bank with Best Practices". This justifiable belief is founded on strong fundamentals, customer centricity, enlightened leadership and a family like work culture.

Page 3: Corporate Banking

Businesses

Personal Banking- It offers a wide range of products and services such as saving accounts, deposits, loans, mutual funds, Insurance, internet banking, debit card, credit card, etc.

Savings & Deposits

Loan Products

Technology ProductsMutual FundsWe have tie up Canara Robeco and HDFC AMC for cross selling of their mutual fund products through our branches. Investment can be made in following schemes.Insurance Business

International Services

Card Services

Consultancy Services

Depository Services

Ancillary ServicesApproved Housing Projects

Corporate Banking- It provides various services to its corporate clients such as Cash Management Services, loans, IPO monitoring services, etc.

Accounts & DepositsCash Management ServicesLoans & Advances

Syndication ServicesIPO Monitoring ActivityMerchant Banking ServicesTUF Schemes

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NRI Banking- Besides various personal banking products it also offers remittance services, consultancy services to its NRI Clients.

Deposit Products

Loans & Advances

Remittance Facilities

Consultancy Services

Other Services

Contact Details

Net Banking

PRIORITY & SME BANKING

Scheme for Revival of Handloom Sector by waiver of overdues in the working capital and term loans of Individual Weavers, Self Help Groups (SHGs), Joint Liability Groups (JLGs) and Master WeaversKnow more

Schemes

SME Business

SME Marketing

RRB Division

Agri-Marketing

Agri-Consultancy

Rural Development

CED for Women

Social Banking Cell 

Subsidiaries

Page 7: Corporate Banking

Careers

Selection Procedure

Canara Bank Probationary Clerk Selection Process is based on IBPS Score, Group Discussion and Interview.

Selection Procedure:

1. IBPS Clerk Common Written Exam: The Candidates who possess a valid score card issued by IBPS in the Clerk Common Written Exam and have the score mentioned by Canara Bank are only eligible.

2. Group Discussion & Interview: Depending upon the number of vacancies in each State / Union Territory, Total Weighted Standard Score (TWS Score) in the Common Written Examination (CWE) conducted by IBPS, will be called for Group Discussion and Interview. The total marks allotted for Group Discussion and for Interview are 100 each. Candidates have to secure minimum marks as decided by the Bank at each level of selection process and those candidates only will be considered for preparation of final rank lists.

3. Final Selection: For each State / Union Territory, the final rank lists shall be prepared on the basis of TWS scores obtained by the candidates in the stipulated CWE for Clerks + Group Discussion + Interview, with the following weightage.

SELECTION PROCEDURE: Managers

The selection for these posts shall be on the basis of Shortlisting and Group Discussion and/or Interview.

Depending upon the number of vacancies, Bank reserves the right to shortlist requisite number of candidates based on the academic track record of the candidate, experience and suitability of the candidates, as decided by the Bank and only those shortlisted candidates will be called for Group Discussion and/or Interview at centres identified by the Bank .

The centre & address of the venue, time & date for Group Discussion and/or Interview will be informed to the shortlisted candidates in the call letter and candidates have to attend for the same at their own cost.

The marks allotted for Group Discussion and for Interview are 100 each. Candidates have to secure minimum marks as decided by the Bank at each level of selection process and only those candidates will be considered for preparation of final rank lists.

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The candidates who have secured marks as mentioned below each in GD, interview & also final marks, will be considered for preparation of final rank lists. However, the selection for the post will be based on their position in respective category rank list for that post;

Category Marks out of 100

Unreserved 55 or more SC/ST/OBC/PWD 50 or more

The final rank lists shall be prepared on the basis of marks secured in Group Discussion + Interview, with the following weightage;

Group Discussion Interview Total

40% 60% 100%

The final selection for these posts shall be on the basis of rank lists drawn as above.

Milestones

1st July 1906 Canara Hindu Permanent Fund Ltd. formally registered with a capital of 2000 shares of Rs 50 each, with 4 employees.

1910 Canara Hindu Permanent Fund renamed as Canara Bank Limited  1969 14 major banks in the country, including Canara Bank, nationalized on July 19 1976 1000th branch inaugurated  1983 Overseas branch at London inaugurated 1984 Merger with the Laksmi Commercial Bank Limited 1985 Commissioning of Indo Hong Kong International Finance Limited 1987 Canbank Mutual Fund & Canfin Homes launched 1989 Canbank Venture Capital Fund started 1989-90 Canbank Factors Limited, the factoring subsidiary launched 1992-93 Became the first Bank to articulate and adopt the directive principles of ?óÔé¼?

ôGood Banking?óÔé¼?Ø. 1995-96 Became the first Bank to be conferred with ISO 9002 certification for one of its

branches in Bangalore 2001-02 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 Bank 2003-04 Launched Internet Banking Services 2004-05 100% Branch computerization 2005-06 Launched Core Banking Solution in select branches and Number One Position

in Aggregate Business among Nationalized Banks

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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 majors viz., HSBC

2007-08 Launching of New Brand Identity and incorporation of Insurance and Asset Management JVs

2005-06 Launching of 'Online Trading' portal, Launching of a ?óÔé¼?£Call Centre?óÔé¼Ôäó and Switchover to Basel II New Capital Adequacy Framework 

2008-09 The Bank crossed the coveted 3 lakh crore in aggregate business and the Bank?óÔé¼Ôäós 3rd foreign branch at Shanghai commissioned

2009-10 The Bank?óÔé¼Ôäós aggregate business crossed 4 lakh crore mark. Net profit of the Bank crossed 3000 crore and the Bank?óÔé¼Ôäós branch network crossed the 3000 mark.

Awards

It was awarded first National Award, for 'Excellence in Micro & Small Enterprises (MSE) Lending' by the Ministry of Micro, Small & Medium Enterprises and Government. of India.

It received 'Golden Peacock Award for Corporate Social Responsibility' for the year 2007. It was honoured with 'The Organization of the Year Award- for PR Excellence', instituted by Public Relations Council of India.

Company History - Canara BankThe Bank is a Government of India undertaking, and carries on all banking business. The Bank was brought into existence by an ordinance passed on the 19th July 1969 by the Central Government. In terms of the ordinance the undertaking of the Canara Bank Ltd was vested to and transferred to the new bank. This ordinance was replaced by the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1969. This Act was declared null & void by the Supreme Court on the 10th of February 1970 and subsequently the Ordinance was promulgated. Then the Banking Companies(Acquisition and Transfer of Undertaking) Act, 1970 was passed and it was made effective retrospectively from 19th July 1969.

2000 - Canara Bank became the first public sector bank to join the MasterCard ATM network.

- Canara Bank has launched its gold deposit scheme in Bangalore, offering 3-3.5 per cent interest on the deposits.

- The Canara Bank and Bank of India have envinced interest to provide loan to the Rs 6,500 crore joint venture Bharat Oman Refineries project in Madhya Pradesh.

- Public Sector Canara Bank has hiked prime lending rate and MTLR to 12.25 per cent from 11.75 per cent and 12 per cent respectively with effect from 10th August.

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- The Bank came up with a vanilla bonds issue of Rs 300 crore to increase the tier-II capital before september 30.

- Bangalore - based Canara Bank has set up four corporate service branches in Bangalore, Mumbai, Delhi and Chennai and is likely to covert more branches for specialised services. - Canara Bank, the 100 per cent government-owned public sector bank will be roping in an overseas joint venture partner for its mutual fund subsidiary in the next three months.

- Canara Bank has entered into an agreement with the Al Mirza group in Oman for opening an exchange house that will be managed by officers deputed by the bank.

- Canara Bank will introduce its voluntary retirement scheme on January 1, 2001.

- Canbank Factors Ltd., a subsidiary of Canara Bank, has launched its export-factoring activity and has appointed GE Capital International Finance, SPA as is import factor.

2001 - Canbank Factors Ltd., a subsidiary of Canara Bank, has opened its eighth branch in New Delhi.

- The Public Sector Canara Bank has entered into an arrangement with the Infrastructure Development Finance Company for financing core sector projects.

- Canara Bank has named RV Shastri as its new chairman and Managing Director.

2002

-Drops plan to bring in a joint venture partner in its proposed credit card subsidiary

-Canbank Computer Services Ltd, a subsidiary of Canara Bank, awarded the revised ISO certification, ISO 9001:2000, by BVQI

-Launches Laghu Udhyami Credit Card to give its small borrowers credit facilities

-Reduces interest rates on NRE and domestic term deposits

-Launches 3 ATMs at Nanganallur, Annanagar and Valmikinagar of Tamil Nadu

-Reduces interest on housing loan

-Slashes Prime Lending Rate to 11.5% from 11.75%

-Eight Regional Rural Banks (RRBs) sponsored by Canara Bank report total business of Rs 4,030 crore

-Hands over dividend of Rs 80 crore to the Union Government

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-Reduces its equity capital to Rs 300 crore

-Returns 48 per cent (Rs 277.87 crore) of its capital of Rs 577.87 crore to Central Government

-Launches 'Anywhere Banking' facility in Hyderabad making it the fifth city in the country to have the facility in addition to Bangalore, Mumbai, Delhi, Kolkata & Chennai

-Comes out with public issue of 110,000,000 equity shares of Rs 10 each at a premium of Rs 25 per share aggregating Rs 385 crore

2003

-SBI and Canara Bank tie up to kick off full fledged operations in Moscow

-Launches a new credit scheme to encourage solar home lighting systems in Karnataka with assistance from the United Nations Environment Programme (UNEP)

-Ties up with Aviva Life Insurance Company to act as Corporate Agent for selling the Life Insurance products of AVIVA without risk participation

-Aviva Life Insurance launches sale of its products through Canara Bank

-Issues Tier II Capital (Unsecured Redeemable Non-Convertible Subordinated Bonds) aggregating Rs 400 crore

-Launches a floating rate deposit scheme (FRDS) for high networth individuals

-Raises Rs 500 cr via Tier II bonds

-Strikes a structured deal with Central Board of Trustees (CBoT) to privately place its tier-2 bond issue for Rs 250 crore at 7.25 per cent

-Canara Bank Regional Rural Banks witness 16 % growth for 2002-03

-Adds seven more ATMs in Kerala

-Tops the recovery list of Non Performing Assets (NPA) among nationalised banks

-Reduces interest rates by 2 pc for SSI loans

-Ties up with Mahindra & Mahindra for tractor financing

-Canara Bank, Central Bank of India (CBI), Indian Overseas Bank (IOB), UCO Bank and Union Bank of India (UBI) form an alliance to launch `Cash Online' ATM network

-Eicher Tractors sign MoU with Canara Bank for providing financing solution to farmers buying

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Eicher Tractors and other farm implements

-- Canara Bank along withCentral Bank of India (CBI) , Indian Overseas Bank (IOB), UCO Bank and Union Bank of India (UBI) have formed an alliance to launch `Cash Online' ATM network

-Canara Bank has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for co-financing small-scale industries, service sector and for undertaking related infrastructure projects.

-Canara Bank unveils special loan scheme for women

-Canara Bank raises Rs.250 crore Tier-II capital

2004

-Central Government nominates Smt Supriya Pattnaik, General Manager, Reserve Bank of India, as a Director on the Board of Directors of the Bank with immediate effect in place of Shri C S Murthy

-Canara Bank & Bank of India acquire 4% stake in Mercator Lines

-Canara Bank enters into strategic tie-up with Western Union and its primary agent AFL WIZ

-Introduces a loan scheme for individuals to subscribe to initial public offers at five cities - Bangalore, Chennai, Kolkata, Delhi and Mumbai - with an aim to cater to the needs of retail investors

-Canara Bank opens its first Mahila Banking Branch in Kerala

-Canara Bank announced the launch of `E-kisan credit card', an ATM enabled card for farmers

-Canara Bank has launched a loan scheme for the medical fraternity - Doctor's Choice - in Bangalore

- Canara Bank unveils 2 new ATMs in Thiruvananthapuram

- Canara Bank ties up with BAL for auto finance

-Canara Bank unveils new ATM in Hayatnagar

-Canara Bank unveils new branch in Udupi

- Canara Bank signs a Memorandum of Understanding (MoU) with M/s Tractor & Farm Equipment Manufacturers Ltd (TAFE).

Page 13: Corporate Banking

-Canara Bank has announced the launch of a housing loan scheme designed exclusively for the employees of the Kerala Water Authority (KWA)

-Canara Bank has entered into a franchise agreement with Western Union Financial Services for money transfer facility

-Canara Bank has launched a 'gold card' scheme for exporters, under which it will offer a three-year credit period with an automatic renewal clause, and with competitive interest and charges

-Canara Bank, one of the premier Banks in the country has signed a Memorandum of Understanding (MoU) with M/s Kerala Agro Machinery Corporation Limited (KAMCO), one of the largest manufacturers of power tillers

-Canara Bank, one of the premier Banks in the country has signed a Memorandum of Understanding (MoU) with M/s Plastro Plasson Industries (India) Ltd, one of the leading Companies which specializes in manufacturing of micro-irrigation equipments and also undertakes projects on turnkey basis, for financing of micro-irrigation equipments to farmers

-Canara Bank and HDFC Mutual Fund on August 12 signed an agreement for the bank to distribute HDFC's MF products through its network

-Canara Bank has informed that the Bank vide agreement dated August 12, 2004 with HDFC Asset Management Company Ltd has entered into a strategic alliance for cross selling of the schemes/products of HDFC Mutual Fund, launched from time to time

-Canara Bank, TVS Motor rolls out TVS Canmobile

-Canara Bank forges alliance with New Holland Tractors

-Al Razouki partners with Canara Bank

-Canara Bank launches new schemes 'Cantravel', 'Cantech'

-Canara Bank signs agreement with Russian Bank

2005

- On January 3, 2004, launches multi-point interactive video conferencing as a means to review the performances of its circles from its headquarters in Bangalore.

-Canara Bank inks bancassurance pact with United India Insurance Co Ltd (UIICL).

-Canara Bank signs MoU with NCMSL

-Canfin Homes launches three new loan products

Page 14: Corporate Banking

-Canara Bank appoints Shri M B N Rao as Chairman & Managing Director (CMD) up to June 30, 2008

-Canara Bank sets up ATM

-Canara Bank begins operation in Shanghai on August 08,2005.

-Canara Bank tied up with i-flex Solutions for core-banking project and IBM will be the systems integration partner.

-Canara Bank joins hand with Dakshina Kannada milk co-op

2006

-Canara Bank has signed a memorandum of understanding (MoU) with Tata BP Solar India Ltd, to extend a soft loan for the purchase of water heaters

-Canara Bank has informed that in exercise of the powers conferred by clause (b) of sub-section (3) of section 9 of the Banking Companies (Acquisition and transfer of Undertakings) Act, 1970 / 1980 read with sub clause (1) of clause 3 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 / 1980, the Central Government, nominated Shri Amitabh Verma, Joint Secretary (BOA), Ministry of Finance Banking Division, as a Director of the Bank in the place of Shri G C Chaturvedi, vide notification Dated October 31, 2006, with immediate effect and until further orders.

-Retained Number One Position in Aggregate Business among Nationalized Banks. -Signed MoUs for Commissioning Two JVs in Insurance and Asset Management with international majors viz., HSBC -(Asia Pacific) Holding and Robeco Groep N.V respectively

2007

- Canara Bank has inked a memorandum of understanding with the ICRA Ltd for credit rating small and medium enterprises. The MoU will facilitate extending comprehensive rating services to all the bank's SME customers. This was especially since Canara Bank was aiming to expand its advances to the sector.

-Canara Bank has appointed Shri. Alok Kumar Misra, Executive Director of the Bank as Chairman & Managing Director of Oriental Bank of Commerce by the Government of India, Ministry of Finance, Department of Economic Affairs, Banking Division, vide its Notification dated June 04, 2007.

- Canara Bank has appointed Shri D L Rawal, General Manager, Punjab National Bank, as a whole time director (designated as the Executive Director) of the Bank from the date of his taking charge i.e. from June 06, 2007 and until further orders or till the date of his superannuation i.e. upto October 31, 2011, vide notification dated June 06, 2007.

Page 15: Corporate Banking

- Canara Bank has rolled out two new schemes for their High Networth Individuals - SB Gold (Savings Bank) and Can-Premium Current Account. The schemes offer various services like free debit and credit cards, anywhere banking facility, internet and mobile banking facility with free funds transfer, telebanking and issue of demand drafts at concessional charges, among others. SB Gold scheme, which was first launched in Bangalore last year, has been extended to the bank's customers across the country.

- Canara Bank, HSBC Insurance (Asia-Pacific) Holdings and Oriental Bank of Commerce have formally signed agreement to jointly establish life insurance company in India.

- Canara Bank announced a 0.50 per cent cut in floating interest rates on home loans, indicating easing cost of funds that prompted segment leader HDFC too to rollback rates last week.

2008

- Canara Bank has informed that in exercise of the powers conferred by clause (e) Sub-Section 3 of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, read with sub- clause (2)(a) of clause 9 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, the Central Government has appointed Shri. Devender Dass Rustagi, Special Assistant, Canara Bank, Recovery Section, Circle Office, Nehru Place, New Delhi as Workmen Employee Director on the Board of Directors of Canara Bank, vide Notification dated September 15, 2008, for a period of three years from the date of Notification or until further orders whichever is earlier.

-The Bank crossed the coveted Rs. 3 lakh crore in aggregate business -The Bank’s 3rd foreign branch at Shanghai commissioned

2009

- Canara Bank has appointed Shri. Jagdish Pai K L, General Manager, Bank of India as a whole time director (designated as Executive Director) of Canara Bank with effect from the date of his taking over charge and up to June 30, 2011 i.e. the date of his superannuation or until further orders, whichever is earlier, vide notification dated February 04, 2009.

- Canara Bank has entered into an alliance with Hyundai Motor India Ltd to finance the passenger vehicles manufactured by the company. The bank will extend the finance facility to the buyers through its branches across the country as well as through the 251 Hyundai dealers.

- Canara Bank has informed BSE that in exercise of the powers conferred by clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with sub-clause (1) of clause 3, sub-clause (1) clause 8 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Central Government, after consultation with the Reserve Bank of India, has appoints Shri. H S U Kamath, General Manager Union Bank of India as a whole time director (designated as Executive Director) of Canara Bank with effect from the date of his taking over charge and up to December 31, 2013 i.e., the date of his superannuation or until further orders, whichever is

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earlier, vide notification dated March 26, 2009.

He has taken charge as Executive Director of the Bank w.e.f. March 26, 2009.

- Canara Bank has has appointed the following six audit firms as Statutory Central Auditors of the Bank for the year 2009-10: 1. M/s. M Anandam & Co., Chartered Accountants, Secunderabad.2. M/s. N Sankaran & Co., Chartered Accountants, Chennai.3. M/s. S Bhandari & Co., Chartered Accountants, Jaipur.4. M/s. Manubhai & Co., Chartered Accountants, Ahmedabad.5. M/s. R K Kumar & Co., Chartered Accountants, Chennai.6. M/s. Nandy Halders & Ganguly, Chartered Accountants, Kolkata.Out of the above, the first two firms are continuing Statutory Central Auditors, while the remaining firms have been appointed in place of M/s. S N Mukherji & Co.,, M/s. De Chakraborty & Sen, M/s. Satyanarayana & Co., and M/s. Parakh & Co., who have completed their term.

2010

- Canara Bank has nominated Shri Khalid Luqman Bilgrami as part-time non-official Director under Chartered Accountant category, on the Board of Directors of Canara Bank.

2011

-Canara Bank Q4 net up 79% at Rs 898 cr

-Canara Bank raises $350 mn via bonds(India’s state-owned Canara Bank on March 3 priced its inaugural senior international bond transaction amounting to USD350 million, taking advantage of a window of opportunity).

-Canara Bank raises Rs 2,000 cr in share sale

2012

-Total number of branches reached 3600. The Bank’s 5th foreign branch at Manama, Bahrain opened.

-The total business of the Bank stood at 552513 crore.

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