By Lal Singh Canara was established in 1906, and the Government of India nationalized it in 1969 along with thirteen other significant commercial banks. In FY21, Canara Bank and the former Syndicate Bank amalgamated. Bangalore is home to the bank’s headquarters. On April 1, 2020, Canara Bank and the former Syndicate Bank (e-SB) amalgamated.
Canara Bank – Quick Overview
| Particular | Details |
| Bank Name | Canara Bank |
| Type | Public Sector Bank (Government-owned) |
| Industry | Banking & Financial Services |
| Founded / Incorporated | 1 July 1906 |
| Founder | Ammembal Subba Rao Pai |
| Headquarters | Bengaluru (Bangalore), Karnataka, India |
| MD & CEO | K. Satyanarayana Raju |
| Chairman | Vijay Srirangan (Non-Executive Chairman) |
| Tagline | Together We Can |
| Regulator | Reserve Bank of India (RBI) (standard for Indian banks) |
| Products & Services | Savings & Current Accounts, Deposits, Loans, Credit Cards, NRI Banking, MSME & Corporate Banking, Digital Banking |
| Branch Network | ~9,861 branches (India) & international branches |
| ATM Network | ~7,907 ATMs |
| Customer Base | ~117.6 million (11.76 crore) customers (approx) |
| Ownership | Government of India (~62.9%) |
| Merger History | Merged with Syndicate Bank (effective 1 April 2020) |
| Financial Focus | Retail, Corporate, Rural & Digital Banking |
| International Presence | Offices/branches in London, New York, Dubai, Hong Kong, and others |
| Employees | ~81,260+ |
| Official Website | canarabank.bank.in |
Net Worth and Market Cap
The market capitalization or net worth of Canara Bank is INR 1.38 trillion. As of January 23, 2026, Canara Bank’s market capitalization, or net worth, was 1.38 trillion. In just one year, its market capitalization has grown by 55.97%.
Corporate leadership
Ammembal Subba Rao Pai is the founder of Canara Bank and it was founded in Mangalore in 1906. It was nationalized in 1969. Additionally, Canara Bank maintains offices in New York, Dubai, and London.
Overview of Services
Retail, business, private, and investment banking are all provided by Canara banks. In addition, it provides credit cards, insurance, wealth management, asset management, investment management, and mortgage loans.
In 1963, Canara Bank bought four banks: Pandyan Bank of Madurai, Arnad Bank of Tiruchirapalli, Cochin Commercial Bank of Cochin, and Sree Poornathrayeesa Vilasam Bank of Thrippunithura. On July 19, 1969, the Indian government nationalized Canara Bank and thirteen other significant commercial banks.
For its Seshadripuram branch in Bangalore, Canara Bank became the first Indian bank to receive ISO certification for “Total Branch Banking” in 1996. Finance Minister Nirmala Sitharaman declared the merger of Syndicate Bank and Canara Bank on August 30, 2019. Canara Bank’s IFSC Banking Unit raised $300 million in 2024.
Scale of Operations
With a focus on important industries like agriculture, micro, small, and medium-sized enterprises (MSMEs), and different retail assets, the organization is always eager to maintain a well-balanced asset mix. The bank, a pioneer in digital banking, has put advanced Gen AI and Agentic AI use cases into practice to guarantee better customer service and operational efficiency. The bank’s net profit increased by a noteworthy 16.99% year over year, with its global operations reaching ₹25.30 lakh crore for the year.