Canara Bank is a well-known Indian public sector bank headquartered in Bangalore, India. Ammembal Subba Rao Pai started it in 1906. It was nationalised in 1969. Outside of India, Canara Bank has offices in London, Dubai, and New York. Over time, the bank has gone through several stages of expansion. It held an IPO in 2002. It is now a listed firm. You can track Canara Bank share price NSE and BSE.

Business Segments of Canara Bank

The key business segments of Canara Bank include the following:

Treasury Operations: This business division deals with government securities. During FY 2023, the bank participated in the government securities market as a Primary Dealer.
Retail Banking: Canara Bank's retail banking operations include branch banking services.
Corporate Banking Operations: The bank generates business development from corporate customers by offering loans and other financial services.

You can check the current Canara Bank share price on BlinkX.

Canara Bank’s Joint Venture and Subsidiaries

The bank has several joint ventures and subsidiaries, including:

Canara HSBC Life Insurance Company Limited (CHLIC): It is a joint venture between the bank, HSBC Insurance (Asia Pacific) Holding Limited, and Punjab National Bank. Canara Bank has a 51% shareholding in the corporation, followed by HSBC (26%) and Punjab National Bank (23%).
Canara Robeco Asset Management Company Limited: It is a joint venture (JV) with M/s Orix Corporation in Japan, with the bank having a 51% stake.
Canara Bank Securities Limited (CBSL): CBSL is a completely owned subsidiary of the bank. On April 1, 2017, CBSL took over Canara Bank's depository participant services.

Corporate Actions of Canara Bank

In 2020, the bank was merged with Syndicate Bank, making Canara Bank India's fourth largest Public Sector Unit (PSU). This had a major impact on its share price. Checkout Canara Bank share price today on BlinkX.

Key Personnel of Canara Bank

Shri Vijay Srirangan is the non-executive chairman.
The managing director & CEO of the bank is Shri K Satyanarayana Raju.
Executive directors include Shri Debashish Mukherjee, Shri Ashok Chandra, Shri Hardeep Singh Ahluwalia, and Shri Bhavendra Kumar.

Canara Bank’s Management Outlook

The bank anticipates a good recovery in the banking industry due to economic growth, backed by the government's focus on infrastructure development and other key sectors.
The firm is committed to transforming its potential into long-term corporate growth and increasing profitability while supporting government programs for national development. So, the Canara share price may perform better going forward. You can set Canara Bank share price targets while trading with BlinkX.

Canara Bank

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