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Canara Bank is an Indian public sector bank based in Bangalore, India. Established in 1906 at Mangalore by Ammembal Subba Rao Pai. The bank was nationalized in 1969.
Canara Bank founder Ammembal Subba Rao Pai (19 November 1852 – 25 July 1909) was a leading lawyer of Mangalore , India . He was the founder of Canara Bank , now one of India's leading banks, and Canara High School in Mangalore.
He served as the chairman of Canara Bank for five years up to August 2020 and as the administrator of Lakshmi Vilas Bank during 2020 till its merger with DBS Bank. He is currently a member of the Reserve Bank of India Standing External Advisory Committee (SEAC) for evaluating applications for Universal Banks and Small Finance Banks.
In the fiscal year 2005-06, Canara Bank became India's second-largest public sector bank in terms of advances and deposits. The bank changed its name to Canara Bank Limited in 1910 when it incorporated. [5] In 2002-03, the bank went in for its Initial Public Offer and raised Rs.110 crores. [2] The India government holds a 73% stake in Canara Bank.
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Syndicate Bank was one of the oldest major commercial banks in India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman Srinivas Kudva.At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.
T. M. A. Pai, co-founder of Syndicate Bank and Manipal Academy of Higher Education; V. G. Siddhartha, Cafe Coffee Day; Vaman Srinivas Kudva, co-founder of Syndicate Bank; Vijay Mallya, UB Group; Vijay Sankeshwar, Vijayanand Group; Vittal Mallya, UB Group; Pradeep Kar, Microland; Ashok Kheny, NICE; Thumbay Moideen, founder of Thumbay Group and ...
The Karnataka Vikasa Grameena Bank (KVGB) is an Indian Regional Rural Bank sponsored by Canara Bank. It is under the ownership of the Ministry of Finance, Government of India. The bank provides retail banking services to rural users and has 629 branches in North and Western Karnataka.