About Us - Canara Bank (original) (raw)

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HISTORY

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

Late Sri Ammembal Subbarao Pai

Founding Principles

• To remove Superstition and ignorance.
• To spread education among all to sub-serve the first principle.
• To inculcate the habit of thrift and savings.
• To transform the financial institution not only as the financial heart of the community but the social heart as well.
• To assist the needy.
• To work with sense of service and dedication.
• To develop a concern for fellow human being and sensitivity to the surroundings with a view to make changes/remove hardships and sufferings.

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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 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.

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VISION

To emerge as the Best Bank to Bank with by pursuing industry benchmarks in profitability, operational efficiency, asset quality, risk management and digital innovation.

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MISSION

To provide State-of-the-Art Banking solutions, leveraging technology, aiding Ease of Doing business and enhancing value for all stakeholders through inclusive growth.

Awards And Achievements

Awards/Accolades Received during FY 2024-25

• Canara Bank has received “IBSi Global Fintech Innovation Awards - Mule Detection using ML” at 6th Global FinTech innovation Awards 2024 on 22.11.2024 at Mumbai.
• The Indian Green Building Council felicitated Canara Bank with IGBC Green Champion Award 2024 in the category of leading Financial Sector with large-scale adoption of Green Bank Branches during World GBC on 14-16 November 2024 at the 22nd Green Building Congress 2024 in Bangalore.
• Canara Bank was conferred with the prestigious Rajbhasha Kirti Puraskar in region ‘C’ for the bank's quarterly in-house magazine 'Canara Jyoti' by Hon’ble Union Minister of Home Affairs & Cooperation Shri Amit Shah during the 4th All India Official Language Conference held on 14th September 2024, during Hindi Diwas celebrations.
• Canara Bank has received the third prize in Region 'C' for excellent official language implementation in the 2-day seminar organized by the Department of Financial Services, Ministry of Finance, Government of India on 22.08.2024 and 23.08.2024.
• Canara Bank has been awarded for ‘Excellent Practices and Adoption of ESG Initiatives’ at the 2nd ICC Emerging Asia Banking Conclave 2024, organized by the Indian Chamber of Commerce (ICC) on 23rd August 2024.
• Canara Bank was awarded First Prize under category of Best Lenders (both Public & Private sector) for outstanding achievement under PM SVANidhi 2023-24.
• Canara Bank has been felicitated with the prestigious " 2nd Rank" in Public Sector Banks under PM SVANidhi 'PRAISE” Awards 2023-24" in Karnataka State.
• Canara Bank has received Finnoviti Award for 'CANARA Digital Rupee' application on 19th June 2024.

Awards/Accolades Received during FY 2023-24

• Canara Bank has been conferred with Best Data Quality Index (DQI) award for achieving Best Data Quality among PSBs for the FY 23-24 by the Credit Information Company M/s TransUnion CIBIL. Mr Chakkaravarthy P, GM & CDAO received award on behalf of the Bank in the IBA Annual Conference held at Mumbai on 19-03-2024.
• Canara Bank was conferred with the "Data Excellence" award for the FY 2023-24 by the Credit Information Company M/s CRIF.
• Canara Institute of Bank Management has been awarded National BFSI Awards for Leadership & Business Excellence under the categories of “Best Training & Development Practices in Banking Sector” and “Best Use of Technology in Training - Banking Sector”.
• CIBM Manipal Campus has been certified Green Campus by Indian Green Building Council, a part of the Confederation of Indian Industry.
• Canara Bank has received accolades at the Diversity, Equity, Inclusion (DEI) Excellency awards during International Inclusion Alliance Conference 2024 at New Delhi on 15.02.2024
• Canara Bank In-House Magazine “Shreyas” and Hindi Magazine “Canara Jyoti” won awards under the Best In-House Magazine category in the Global Brand Excellence Awards conducted by World Brand Congress on 14th February 2024.
• Canara Bank has been conferred with IT Banking technology awards under the Larger PSBs & PVBs Banks category for “Best Fintech & DPI adoption-Runner Up”, “Best Financial Inclusion-Runner Up”, “Best Digital Engagement- Special mention” for FY 2022-23 by IBA.
• Canara Bank has received “Best Cyber Security implementation award” at an event Organized by EnQube on 25th January 2024.
• Central Vigilance Commission has ranked Canara Bank as No 1 among the comity of Public Sector Banks, in the area of “Best Practices in Vigilance Administration.
• Canara Bank has received Inclusive Finance India award 2023 under Priority sector lending by Bank (Public sector) presented by Access Development services and HSBC India.
• The Indian Green Building Council felicitated Canara Bank as IGBC Founding member during Green Building Congress from 23rd - 25th Nov 2023 at Chennai.
• Canara Bank has been adjudged outstanding Performer in Large Public Sector Banks category under Pradhan Mantri Formalization of Micro Food Processing Enterprises (PMFME) Scheme.
• Bank has received accolades from NPCI for making live "Dual Auth Transaction for AePS".
• Canara Bank is honoured with the prestigious Emerging Asia Banking Awards in multiple categories, organized by Indian Chamber of Commerce in Goa on 8th July 2023;
  • Winner in Best Performance on growth category
  • Runner up in Best Bank in India category
  • Second Runner up in Best Performance on Profitability
  • Second Runner up in Best Performance on Asset Quality
  • Second Runner up in Best Performance in Risk Management
• Canara Bank has received the APY Annual award for achieving the set targets under APY during FY 2022-23 at "APY Annual Felicitation Programme" at New Delhi on 7th June 2023.
• Canara Bank has been conferred with “Industry Best Data Quality Index” award for achieving Consecutive improvement in Data Quality for FY 2022-23 by M/s. TransUnion CIBIL in the Conference held at Mumbai by IBA on 16-May-2023.
• Canara Bank has received “Rajbhasha Sopan Sammaan” from Bhartiya Bhasha & Sanskriti Kendra for outstanding performance in the field of Official Language for the year 2021-22 on 27th April 2023.
• Canara Bank has received Finnoviti Award for 'ai1 Merchant App' in April 2023.

Awards/Accolades Received during FY 2022-23

• Canara Bank was adjudged winner under Best Technology Talent and has received special prizes under the categories of Best Technology Bank, Best Digital Engagement and Best Financial Inclusion during the 18th IBA Technology Conference, Expo and Awards in Dec 2022.
• Canara Bank has received the prestigious the “Banker’s Bank of the Year Award 2022” for the India segment at the Global Banking Summit, held in London, on 1st December 2022.
• Canara Bank has been ranked 1st under the Digital Payment performance as on 31.03.2022 (i.e. FY 2021-22) by Ministry of Electronics & Information Technology (MeitY), as per balanced scorecard released during October 2022.
• Canara Bank is awarded 3rd Rank under the prestigious EASE Reforms Index Award 2022 (EASE 4.0 Awards) in an event organized by IBA in Mumbai. The Bank is awarded 1st prize under the theme Institutionalizing Prudent Banking.
• The Learning and Development vertical of Canara Bank has been awarded the ‘Golden Globe Tigers Awards’ for Excellence & Leadership Training and Development and Best training initiative for Banking Sector.
• Canara Bank received 2nd prize for overall performance under Animal Husbandry Infrastructure Development Fund (AHIDF) Department of Animal Husbandry and Dairying, Ministry of Fisheries, Animal Husbandry & Dairying, Government of India.
• Canara Bank received 2nd prize for Campaign period Target Achievers and 3rd prize for valuable contribution by Banks during Agri Infra Fund Award Ceremony.

Awards/Accolades Received during FY 2021-22

• Canara Bank has received APY annual award 2021-22 from PFRDA.
• Canara Bank has been awarded 2nd Position under implementation of Prime Minister Employment Generation Programme (PMEGP) for FY 2020-21 by KVIC, Ministry of MSME.
• Canara Bank has received Runner-up award in IBA’s 17th Annual Banking Technology Conference and Awards 2020-21 “Next Gen Banking” under the category “The Best Payment Initiatives”.
• Canara Bank has been awarded " BEST MSME BANK OF THE YEAR (PSU)- RUNNER UP” at 8th MSME EXCELLENCE AWARDS BY ASSOCHAM.
• Canara Bank has been awarded DSCI Excellence Awards 2021 as Winner in Best Security practices in Banking Sector.
• Canara Bank has been awarded DSCI Excellence Awards 2021 as Winner in Security Leader of the year (BFSI).
• Canara Bank has been awarded DSCI Excellence Awards 2021 as Finalist in Best Security Operations Centre of the year.
• Canara Bank won Best in House Magazine by Feather Business Solutions with Economic Times as media Partner for in-house Magazine “Shreyas”.
• Canara Bank received first prize for “Rajbhasha Kirti Award 2020-21” in September 2021 for in-house Magazine “Canara Jyothi”.

Awards/Accolades Received during FY 2020-21

• In IBA’s 16th Annual Banking Technology Awards, Canara Bank received Joint Runner-up award for Best Payment Initiatives.
• Canara Bank received Finnoviti 2021 award for Integration of Govt Scheme Demat Trading Insurance.
• Canara Bank was second runner up in the Institutionalizing Prudent Banking theme under Ease 3.0 as of Mar’21
• The Association of Business Communicators of India has given bronze award for our in-house Magazine Shreyas under Magazine Design.
• The Association of Business Communicators of India has given silver award for our in-house Magazine Shreyas under Special Column –English.
• Public Relations Council of India has given bronze award for our in-house Magazine Shreyas under House Journal – Print (English) category
• In 59th ABCI Annual Awards, Canara Bank’s in-house Magazine “Canara Jyothi” has received awards under “Indian Language Publication” and “special column (language)” categories.
• Canara Bank has received “Award of par Excellence” in APY Big Believers 3.0 (ABB) organised by PFRDA.
• Canara Bank has received “Exemplary Award” from PFRDA for achievement under Atal Pension Yojana “Old Age Financial Freedom Fighters”.
• Canara Bank has received “Certificate of Excellence – Amazing Achievers of APY” from PFRDA.

Awards/Accolades Received during FY 2019-20

• Canara Bank has been awarded ‘India’s Most Trusted Public Sector Banking Services Company 2019’ by International Brand Consulting Corporation, USA.
• IBAs 15th Annual Banking Technology Award 2020 received for Most Customer-Centric Bank using Technology
• Canara Bank has been awarded ‘SIDBI-ET INDIA MSE AWARD-2019’ under noteworthy Lender to MSE Category – (Public Sector Bank).
• Canara Bank received National award for SHG Bank Linkage 2018-19 (Public Sector Banks) from DAY-NRLM, Ministry of Rural Development.
• Canara Bank won Tax Deductor of the Year Award for recognition of timely compliance to the TDS/TCS provisions of Income Tax Act.
• Canara bank has been conferred with VISA GLOBAL QUALITY AWARD 2018 for the lowest global frauds reflection our commitment to deliver superior service quality.
• Skoch Order of Merit Award 2019 for Canara DiYA, Canara Recovery App, Canara Digital Learning & Social Media Analytics and Campaign management.
• Best innovation in Banking technology award for CANDI Branch received in IDRBT banking technology innovation contest.
• Canara DiYA won Silver in SKOCH Awards 2019
• FINNOVITI 2020 award received for CANDLE for one of the best innovation in financial sectors’ technology.
• Canara Bank received the award for Best Data Quality Management 2018-19 at the Annual Credit Information Conference.

Awards/Accolades Received during FY 2018-19

• Central Vigilance Commission has awarded Canara Bank with ‘Vigilance Excellence Award-Outstanding’ under Category ‘Timely Completion of Disciplinary Proceedings’ for the year 2018.
• Bank received first runner up award on theme Credit off-take in EASE Banking Reform Awards 2019.
• Bank has bagged four awards from the Associated Chambers of Commerce and Industry of India (ASSOCHAM) under Agriculture, Priority sector lending, Social Banking and Technology.
• Bank has bagged eight Awards from Public Relations Council Of India (PRCI) including 3 Gold under Television Commercials, Advertising Corporate Campaign RADIO and Advertising Corporate Campaign Television
• NPCI Special Award in recognition of excellent performance in NFS ATM Network, Rupay, CTS & UPI / IMPS.
• Bank’s House magazine ‘Shreyas’ bagged Making of Developed India Award sponsored by ET Now for best in house magazine for the year 2018.
• Secured Chamber of Indian Micro Small & Medium Enterprises (CIMSME) awards for best bank for promotional schemes (Large category).
• Received runner up CIMSME award for best MSME bank (Large category) and financially inclusive bank (Large category).
• Secured PFRDA’s best performing PSB award in APY performance and the splendid seven awards for the APY campaign.

Awards/Accolades Received during FY 2017-18

• Received Master card Innovation Award for Canara International Prepaid card under prepaid segment.
• “Rupay Special” award for being the highest Rupay card issuing bank by NPCI.
• VISA Award on crossing a key milestone on issuance of 1.35 crore VISA debit card.
• Bagged FINNOVITI award for Innovation for CANDI Branch.
• ASSOCHAM Social Banking Excellence Awards 2017 for Government Sponsored Schemes and Runner-up for Agriculture Banking in the Large Bank Class.
• Golden Peacock Award 2017 for Corporate Social Responsibility from Institute of Directors, New Delhi.
• Skoch Technologies Growth 2017 for “CANDI”, digital branch.
• Excellent Customer Service Award’ at the 5th SME Excellence 2017 by ASSOCHAM,
• Best CIO of the Year ” by Computer Society of India for “CANDI” an ambitious digital banking project of the Bank in the “IT Innovation & Excellence Awards2017”
• Skoch Smart Security awards 2017 for “SIEM” tool.
• Dun and BradStreet Award for 2016-17 adjudging as Best Public Sector Bank –Priority Sector Lending Bank. Consecutively third time (2014-15, 2015-16 and 2016-17) Bank has been receiving this Award.
• Certificate of Excellence for exemplary leadership in promoting RSETIs and Certificate of Excellence for RUDSETI for FY15 & FY16