Canara Bank Stock

Canara Bank provides various banking products and services in India and internationally.

The company’s diversified products and services include the following:

Personal Banking: Includes depository services, mutual funds, ancillary services, technology products, retail loan products, MSME loan products, card services among others.

Depository Services: Canara Bank also provides depository services. Similar to Savings Bank, Current Bank accounts, Investors DEMAT accounts are maintained by Depository Participants. The DEMAT account can be used to buy and sell securities. Canara Bank Securities Limited (CBSL), a wholly owned subsidiary of the company, provides the depository services.

Corporate Banking: Includes accounts and deposits, supply chain finance management, syndication services, Technology Upgradation Fund Schemes among others.

The unbanked rural people are provided with Basic Savings Deposit Accounts, PMJDY Overdraft Facilities and credit facilities under products like Differential Rate of Interest Scheme, Kisan Credit Card Scheme, Debt Swapping Scheme, SHG and various other credit products.

Customers

The company caters services to various types of customers, including individuals, corporates, farmers, government, start-ups, MSMEs, etc.; and has a wide array of products and services for each segment. The bank’s customer base spread across the country was approx. 10.90 crore. With the changing needs of the customers, the company is working towards improving its processes and products to provide customer-centric banking services and ensure inclusive growth.

History

Canara Bank was founded in 1906. The company was incorporated in 1906.