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Canara Bank established its international division in 1976. In 1983, Canara Bank opened its first overseas office, a branch in London. Two years later, Canara Bank established a subsidiary in Hong Kong, Indo Hong Kong International Finance. In 2008–2009, Canara Bank opened its third foreign operation, this one a branch in Shanghai.
At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the government of India. It was headquartered in the university town of Manipal, India. On 1 April 2020, the bank was merged into Canara Bank.
This is a list of companies listed on the National Stock Exchange of India (NSE). Contents !–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z !–9 Symbol ...
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.
The market share of NSDL in value of demat assets is more than 89%. NSDL demat accountholders are present in more than 99% of pin codes in India and 189 countries across the globe. [ citation needed ] It contributes to majority of the settlement in the Indian securities markets and has more than 89% share in the total value of assets held in ...
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Prabhakar started his career as Chief Risk Officer and GM-Integrated Risk management at Allahabad Bank. He joined Punjab National Bank on 1 March 2018 as the executive director. [5] He became the Managing Director and CEO of Canara Bank from 1 February 2020 and continued to hold his position till 31 December 2022. [6] [7]
On 30 August 2019, Finance Minister announced that Syndicate Bank would be merged with Canara Bank. The proposal would create the fourth largest PSB trailing SBI, PNB, BoB with assets of ₹ 15.20 lakh crore (US$180 billion) and 10,324 branches. [59] [54] The Board of Directors of Canara Bank approved the merger on 13 September 2019.