NAME: VEENA H PILLAI STD: TYBCOM.

DIV: B ROLL NO: 192

INTRODUCTION: Canara Bank is a state-owned financial services company in India. It was established in 1906, making it one of the oldest banks in the country. As on 2009 November, the bank had a network of 3057 branches, spread across India. The bank also has offices abroad in London, Kong, Moscow, Shanghai, Doha, and Dubai.

Profile
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 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. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks. With an unbroken record of profits since its inception, Canara Bank has several firsts to its credit. These include:

customer convenience at the forefront, the Bank provides a wide array of alternative delivery channels that include over 2000 ATMs- one of the highest among nationalized banks- covering 732 centres, 2681 branches providing Internet and Mobile Banking (IMB) services and 2091 branches offering 'Anywhere Banking' services. Under advanced payment and settlement system, all branches of the Bank have been enabled to offer Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) facilities. Not just in commercial banking, the Bank has also carved a distinctive mark, in various corporate social responsibilities, namely, serving national priorities, promoting rural development, enhancing rural selfemployment through several training institutes and spearheading financial inclusion objective. Promoting an inclusive growth strategy, which has been formed as the basic plank of national policy agenda today, is in fact deeply rooted in the Bank's founding principles. "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". These insightful words of our founder continue to resonate even today in serving the society with a purpose. The growth story of Canara Bank in its first century was due, among others, to the continued patronage of its valued customers, stakeholders, committed staff and uncanny leadership ability demonstrated by its leaders at the helm of affairs. We strongly believe that the next century is going to be equally rewarding and eventful not only in service of the nation but also in helping the Bank emerge as a "Global Bank with Best Practices". This justifiable belief is founded on strong fundamentals, customer centricity, enlightened leadership and a family like work culture.

Launching of Inter-City ATM Network Obtaining ISO Certification for a Branch Articulation of Good Banking Banks Citizen Charter Commissioning of Exclusive Mahila Banking Branch Launching of Exclusive Subsidiary for IT Consultancy Issuing credit card for farmers Providing Agricultural Consultancy Services

Over the years, the Bank has been scaling up its market position to emerge as a major 'Financial Conglomerate' with as many as nine subsidiaries/sponsored institutions/joint ventures in India and abroad. As at June 2010, the Bank has further expanded its domestic presence, with 3057 branches spread across all geographical segments. Keeping

NAME: VEENA H PILLAI STD: TYBCOM. DIV: B ROLL NO: 192

History
Ammembal Subba Rao Pai, a philanthropist, established the Canara Hindu Permanent Fund in Mangalore, India, on 1 July 1906. The bank changed its name to Canara Bank Limited in 1910 when it incorporated. In 1958, the Reserve Bank of India ordered Canara Bank to acquire G. Raghumathmul Bank, in Hyderabad. This bank had been established in 1870, and had converted to a limited company in 1925. At the time of the acquisition G. Raghumathmul Bank had five branches. The Government of India nationalised Canara Bank, along with 13 other major commercial banks of India, on 19 July 1969. In 1976, Canara Bank inaugurated its 1000th branch. In 1983, Canara Bank opened its first overseas office, a branch in London. In 1985, Canara Bank acquired Lakshmi Commercial Bank in a rescue. In 1985, Canara Bank established a subsidiary in Hong Kong, Indo Hong Kong International Finance. In 1996 Canara Bank became the first Indian Bank to get ISO certification for Total Branch Banking for its Seshadripuram branch in Bangalore. Canara Bank has now stopped opting for ISO certification of Branches. In 2008-9, Canara Bank opened its third foreign operation, this one a branch in Shanghai.

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.

Overseas branches and offices

Canara Bank established its International Division in 1976, to supervise the functioning of its various foreign departments, to give required thrust to foreign exchange business, particularly exports and to meet the requirements of NRIs. Though small in size, the Bank's presence abroad has brought in considerable foreign business, particularly NRI deposits.

CANARA BANK, LONDON BRANCH CANARA BANK, LEICESTER BRANCH

NAME: VEENA H PILLAI STD: TYBCOM. DIV: B ROLL NO: 192

CANARA BANK HONG KONG BRANCH CANARA BANK SHANGHAI BRANCH CANARA BANK SHARJAH REPRESENTATIVE OFFICE, UAE COMMERCIAL BANK OF INDIA LLC AL RAZOUKI INTERNATION EXCHANGE CO EASTERN EXCHANGE ESTABLISHMENT(

Subsidiary companies

Canfin Homes Limited Canbank Factors Limited Canbank Venture Capital Fund Limited Canbank Computer Services Limited Canara Bank Securities Limited Canara Robeco Asset Management Company Limited Canbank Financial Services Limited

Canara HSBC Oriental Life Insurance Company Limited Regional rural banks

Shreyas Gramin Bank South Malabar Gramin Bank

Pragathi Gramin Bank Development projects Canara bank made a partnership with UNEP to initiate a successful solar loan programme. It was a four-year $7.6 million effort, launched in April 2003 to help accelerate the market for financing solar home systems in southern India. Major IT initiative Canara Bank had a major IT initiative to network all branches and move them to a single software platform. Canara Bank chose Flexcube from Oracle Financial Services Software as the application. The Bank entered into an agreement with IBM for rolling out flexcube to over 1000 branches as part of Phase I. This phase has just been concluded, with Karaikudi Branch in Tamil Nadu being the 1000th branch to go live. Over 22 million customers are benefitting from this initiative. In March 2009 IT Examiner published reports[6] of major problems with the flexcube implementation. Now, all the branches of Canara Bank are live on core banking application Flexcube.

Financial Results June 2010(in crores)

Operating 1483 Profit

ELIGIBILITY

Individuals, Joint accounts, Minor accounts, Illiterates, HUF, Non-corporate bodies, Clubs, Societies, Associations, Schools, Trusts, Executors/ NAME: VEENA H PILLAI Administrators, Govt. bodies, Semi-Government Departments, Recognized STD: TYBCOM. PF Accounts, Capital Gains Accounts DIV: B MINIMUM BALANCE Rs.500/- without cheque book & Rs.1000/- with cheque book facility in ROLL NO: 192 Metro/Urban; Rs.100/- without cheque book & Rs.500/- with cheque book in Semi-urban/Rural Branches Provisions 0470 FOR Application, Proof of identity, Address proof, Introduction, Passport size REQUIREMENTS OPENING ACCOUNT photograph. NATURE OF DEPOSIT Running (Operating) account Net Profit 1013 INTEREST RATE 4.00% p.a. PERIODICITY OF INTEREST PAYMENT Total 5895 SPECIAL Income RATE FOR SENIOR CITIZEN SPECIAL RATE FOR Of which BULK DEPOSITS Other 0734 TDS Income NOMINATION Interest is payable half-yearly, every February and August on the daily balance maintained in the account. Not applicable Not applicable Not applicable

Available FACILITY LOAN AGAINST Not permitted Trading DEPOSIT 0224 profit OTHER FACILITIES ATM-cum-Debit Card, Pass book/Pass sheet, Nomination, Standing Instructions, Cheque Collection. Instant Credit of Outstation Cheque upto Rs.15,000/-Anywhere Banking Facility, Internet & Mobile Banking & Trading Telebanking. 4412 profit SPECIAL FEATURES Special facility of issue of 2 DDs free of charges per month linked to the maintenance of minimum balance in the previous month as under: Minimum Balance maintained in Purchase of 2 DDs free of charge in SB account in the previous month current month upto the amount of .

NAME: VEENA H PILLAI STD: TYBCOM. DIV: B ROLL NO: 192

Rs. 10000/- < Rs. 15000/Rs. 15000/- < Rs. 20000/Rs. 20000/- < Rs. 25000/Rs. 25000/- and above Rs. 10000/Rs. 15000/Rs. 20000/Rs. 25000/-

Current Account
CURRENT ACCOUNT ELIGIBILITY Individuals, Joint accounts (not more than 4), Proprietory concerns, partnership firms, HUF, Public and Private Limited Companies, Registered or Unregistered Societies or Association, Trust/Provident Fund, Executors/ Administrators, Govt./Semi Govt. Dept, Taluk /District boards, Charitable & Religious Institutions. SPECIAL ACCOUNTS Provident fund, Accounts of School/Red Cross Society Accounts of Post office, Accounts for issue of Dividend /Interest warrants DOCUMENTS REQUIRED Application, Address proof, Photos, Introduction Memorandum and articles of FOR OPENING THE association, Certificate of commencement of business, Certificate of ACCOUNT commencement of business Partnership deed, (wherever required) certificate of incorporation and Board Resolution. MINIMUM DEPOSIT Rs.1000/- in Rural/Semi-urban, Rs.5000/- in Urban/Metro cities AMOUNT PERIODICITY OF DEPOSIT Running (Operative) Account INTEREST TDS BCTT Not eligible for interest Not applicable Applicable to all over India except Jammu & Kashmir The limit specified for the withdrawal/receipt is as under: A/c maintained by (excluding Limit for withdrawal/receipt SB accounts) of cash Any individual or HUF Rs. 50,000/Any other person NOMINATION FACILITY Rs. 1,00,000/Available Individual Accounts, Joint Accounts, Proprietorship Accounts. Not available for a/cs held in representative capacity, partnerships, Joint Stock Companies, Associations, Clubs and other organizations. Not applicable ATM cum Debit Card for individuals, Pass Sheet, Nominations, Standing Instructions, Collection of local and outstation Cheques (at the cost of the account holder), Anywhere Banking AND Application Specimen Signature Card Form 60 or 61 (if customer does not have PAN Card) Photograph of depositor/s (2 copies) Proof of address as per KYC Norms Any other related documents applicable to proprietor ship concern, Partnership Firm, Company, HUF etc.

LOAN FACILITY OTHER FACILITIES

APPLICATION DOCUMENTS

NAME: VEENA H PILLAI STD: TYBCOM. DIV: B ROLL NO: 192

Balance Sheet of Canara Bank

Mar '11 12 mths Capital and Liabilities: Total Share Capital Equity Share Capital Share Application Money Preference Share Capital Reserves Revaluation Reserves Net Worth Deposits Borrowings Total Debt Other Liabilities & Provisions Total Liabilities 443.00 443.00 0.00 0.00 17,498.46 2,098.36 20,039.82 293,972.65 14,261.65 308,234.30 7,804.64 336,078.76 Mar '11 12 mths Assets Cash & Balances with RBI Balance with Banks, Money at Call Advances Investments Gross Block Accumulated Depreciation Net Block Capital Work In Progress Other Assets Total Assets Contingent Liabilities Bills for collection Book Value (Rs) 22,014.79 8,693.32 212,467.17 83,699.92 4,686.15 1,841.74 2,844.41 0.00 6,359.15 336,078.76 111,805.73 29,041.74 405.00

------------------- in Rs. Cr. ------------------Mar '10 12 mths Mar '09 12 mths Mar '08 12 mths Mar '07 12 mths

410.00 410.00 0.00 0.00 12,129.11 2,132.68 14,671.79 234,651.44 8,440.56 243,092.00 6,977.30 264,741.09 Mar '10 12 mths

410.00 410.00 0.00 0.00 9,629.61 2,168.16 12,207.77 186,892.51 7,056.61 193,949.12 13,488.91 219,645.80 Mar '09 12 mths

410.00 410.00 0.00 0.00 7,885.63 2,204.86 10,500.49 154,072.42 2,517.23 156,589.65 13,438.55 180,528.69 Mar '08 12 mths

410.00 410.00 0.00 0.00 7,701.11 2,242.87 10,353.98 142,381.45 1,574.35 143,955.80 11,651.25 165,961.03 Mar '07 12 mths

15,719.46 3,933.75 169,334.63 69,676.95 4,480.37 1,620.99 2,859.38 0.00 3,216.92 264,741.09 110,627.02 21,206.47 305.83

10,036.79 6,622.99 138,219.40 57,776.90 4,440.07 1,510.61 2,929.46 0.00 4,060.26 219,645.80 136,851.39 25,757.73 244.87

13,364.79 4,513.25 107,238.04 49,811.57 4,254.33 1,337.46 2,916.87 0.00 2,684.17 180,528.69 95,710.87 25,299.63 202.33

9,095.19 7,278.74 98,505.69 45,225.54 4,056.39 1,195.04 2,861.35 0.00 2,994.53 165,961.04 52,150.75 15,660.41 197.83