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Late Sri Ammembal Subbarao Pai

"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" - A.
Subba Rao Pai.
Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July
1906, at Mangalore. 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. With an unbroken record of profits since its
To emerge as a Preferred Bank by pursuing global benchmarks in profitability, operational efficiency, asset quality,
risk management and expanding the global reach.
To provide quality banking services with good customer care, create value for all stakeholders and continue as a
responsive corporate social citizen.

Code of conduct

Canara Bank Service Code-Chapter XI

IX Bipartite Settlement

Canara Bank (employees') Pension Regulations, 1995

Canara Bank Officer Employee (Conduct) Regulaton 1976

Canara Bank Officer Employee (appeal & discipline ) Regulation 1976.

Work Culture
Work culture where family concept is practiced among the employees.
Receptivity to new ideas
Opportunities for experimentation
Facilities which supports growth
Record cordial Industrial Relations
Latest Mergers & Consolidation
The Karnataka High Court on Thursday directed the issuance of a gazetted notification within 15 days on the merger
of Amanath Co-operative Bank with Canara Bank. The court further directed that after the notification is issued, the
merger should be completed within 30 days.

Former Railway Minister Mr C.K. Jaffer Sharief along with five others, had approached the high court challenging
the proposed merger of Amanath Co-operative Bank with Canara Bank, after the Board of Amanath Bank announced
plans to merge with Canara Bank, to overcome the crisis it was facing.

Latest News

Deutsche Bank has signed up two new clients, Belgiums KBC Bank (KBC) and Indias Canara Bank for its global
cross-currency payments solution,

State-owned Canara Bank donated Rs 5.67 crore to P. M. relief fund.

Canara Bank opened its circle office (third in the State) on Ring Road i.e. in West Godavari, Krishna and Guntur
Canara Bank to raise Rs 1,500 crore for asset growth in FY15
Canara Bank has signed a memorandum of understanding with Tata Projects Ltd for extending finance to set up the
reverse osmosis (RO) water purification plants at community water centres for providing safe drinking water at
affordable rates
Rajeev Kishore Dubey, CMD of Canara Bank, received the 1st Prize under the Indira Gandhi Rajbhasha
Puraskar Yojana from the President of India, Pranab Mukherji

Insurance sector of Canara Bank

The Company was launched on 16 June 2008 and is a Joint Venture between Canara Bank (holding 51%), HSBC
Insurance (Asia Pacific) Ltd (holding 26%), the Asian insurance arm of one of the world's largest banking and
financial services groups - HSBC and Oriental Bank of Commerce (holding 23%).
With a combined experience of over 300 year in the financial services space in the country, the shareholder have a
sound understanding of the socio-economic needs of the population. Backed by thorough research, they launched a
pure bancassurance model, a first in India, with each aspect of the business tailored to the specific needs of the
distributing banks including products, training, operational & service support and integration with bank sales
processes resulting in an efficient, low cost, distribution model Insurance

Insurance Plan in Canara HSBC OBC Life Insurance
Individual Plan
Smart Stage Money Back Plan
Smart Monthly Income Plan
E-Smart Term plan
Shubh labh
Insuersmart Plan
Future Smart Plan
Dream Smart Plan
Growth Smart Plan

Group Plan
Group Traditional Benefit Plan
Group Superannuation Plan
Sampoorna kavach plan
Group Secure
Corporate Group Term Plan

Canara HSBC Oriental Bank of Commerce Life Insurance


Grow in the right direction!


Life is all about the choices you make. And with every choice you make your biggest concern is whether you
have taken the right decision to fulfill your responsibilities. Keeping this in mind, this whole life insurance plan
has been designed to enable you to provide you and your spouse with financial security throughout your
Grow Smart plan is a whole life unit linked insurance plan with insurance cover throughout your life. This is an
affordable insurance plan in which you can pay premiums for a limited duration and get lifelong insurance cover.

Product at a glance

You can choose from a range of life cover as per your protection needs. Also you have the flexibility to
increase or reduce your Sum Assured, depending upon your changing needs.

Premium Term:
You can choose a payment term of 10 years or more (up to age 99 years), depending on your financial

Policy Term:
While you can pay premium for a limited duration, you are covered throughout your life.

Premium Options :
This plan offers only annual premium payment frequency. The minimum annual premium is Rs
25,000.You will have to pay this premium throughout the premium payment term chosen by you.

Loyalty additions:
1% of your fund value will be added by way of additional allocation of units at the end of the 15th policy year
to boost your investments

Partial Withdrawal
You can easily withdraw money from your fund in case of financial emergency through partial
withdrawals, after 5 years