Canara Bank – the third largest Public Sector Bank with its headquarter in Bengaluru has achieved several milestones in the financial sector in India for its diverse product portfolio, excellent services and facilities.
Under Retail Banking, the Bank offers a wide range of Retail Loan Products for customers i.e. Housing Loan, Vehicle Loan, Personal Loan, Education loans etc. The bank has now entered an MoU with Toyota Kirloskar Motor Private Limited to offer attractive finance schemes which is an extension of their efforts to enhance the customer experience for hassle-free finance to purchase cars at an attractive rate of interest, longer repayment with nil processing and documentation charges.
Also Read:
Banks to evolve early warning system to identify risky loans
Are woman bankers in India getting a raw deal?
Widely known for customer centricity, the 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. It is the third-largest public sector bank in the country after its amalgamation with Syndicate Bank in April 2020. At present, it is functioning with 9772 Branches along with 12343 ATMs. The Bank has gone through various phases in its growth trajectory over the hundred years of its existence. The 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. In June 2006, the Bank completed a century of operations 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.
