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1.Establishment: Canara Bank was founded in 1906 in Mangalore, Karnataka, making it one of the oldest public sector banks in India.
2.Nationalization: The bank was nationalized in 1969, as part of the government's initiative to strengthen the public sector banking system.
3.Branch Network: The bank has an extensive branch network, serving customers across India and even internationally through its overseas branches.
4.Headquarters:Canara Bank is headquartered in Bengaluru, Karnataka, and has a significant presence across the country.
5.Services:Canara Bank provides a wide range of banking and financial services, including retail banking, corporate banking, treasury operations, and international banking.
6.Technology Adoption:Canara Bank has embraced technological advancements to enhance customer services, offering internet banking, mobile banking, and other digital platforms.
7.Social Initiatives: The bank has been actively involved in various social and community development initiatives, contributing to education, healthcare, and rural development.
8.Merger:Canara Bank has been involved in mergers and acquisitions, with one of the notable mergers being with Syndicate Bank in 2020, expanding its footprint and customer base.
9.Financial Inclusion:Canara Bank has played a role in promoting financial inclusion by reaching out to unbanked and underbanked areas.