About Canara Bank
Canara Bank is a company based in Mangaluru (India) founded in 1906.. The company has 81,260 employees as of March 31, 2024. Canara Bank offers products and services including Savings Account, Home Loan, Vehicle Loan, Education Loan, and Net Banking. Canara Bank operates in a competitive market with competitors including Axis Bank, HDFC Bank, Bandhan Bank, RBL Bank and Yes Bank, among others.
- Headquarter Mangaluru, India
- Employees 81260 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Canara Bank
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Annual Revenue
$17.76 B (USD)11.76as on Mar 31, 2024
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Net Profit
$2.05 B (USD)14.8as on Mar 31, 2024
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EBITDA
$-186.2 K (USD)-27.59as on Mar 31, 2024
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Latest Funding Round
$336.98 M (USD), Post-IPO
Aug 17, 2021
- Investors
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Employee Count
81260
as on Mar 31, 2024
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IPO & Listings of Canara Bank
Canara Bank is a publicly listed company on the NSE with ticker symbol CANBK in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Canara Bank
Canara Bank offers a comprehensive portfolio of products and services, including Savings Account, Home Loan, Vehicle Loan, Education Loan, and Net Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for individuals to save money with interest earnings.
Loan for purchasing or building residential properties.
Loan for buying vehicles like cars or bikes.
Loan to fund higher education and skill development.
Online platform for account management and transactions.
Card for purchases, cash withdrawals, and rewards.
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Funding Insights of Canara Bank
- Total Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $337.0M
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First Round
First Round
(06 Aug 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Post-IPO - Canara Bank | Valuation |
investors |
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| Dec, 2020 | Amount | Post-IPO - Canara Bank | Valuation |
investors |
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| Sep, 2020 | Amount | Post-IPO - Canara Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Canara Bank
Canara Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Life Insurance Corporation of India. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Life insurance and micro insurance services are provided in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Canara Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Canara Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Canara Bank Comparisons
Competitors of Canara Bank
Canara Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Axis Bank, HDFC Bank, Bandhan Bank, RBL Bank and Yes Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of a commercial banking services
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| domain | founded_year | HQ Location |
Commercial and personal banking services are offered by HDFC Bank.
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| domain | founded_year | HQ Location |
Personal and business banking services are offered to underbanked markets.
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| domain | founded_year | HQ Location |
Commercial banking services for personal and business needs are provided.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to individuals and businesses.
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| domain | founded_year | HQ Location |
Commercial banking services are offered to corporate and retail customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Canara Bank
Frequently Asked Questions about Canara Bank
When was Canara Bank founded?
Canara Bank was founded in 1906 and raised its 1st funding round 104 years after it was founded.
Where is Canara Bank located?
Canara Bank is headquartered in Mangaluru, India. It is registered at Mangaluru, Karnataka, India.
Who is the current CEO of Canara Bank?
K Satyanarayana Raju is the current CEO of Canara Bank.
How many employees does Canara Bank have?
As of Mar 31, 2024, the latest employee count at Canara Bank is 81,260.
What is the annual revenue of Canara Bank?
Annual revenue of Canara Bank is $17.76B as on Mar 31, 2024.
What does Canara Bank do?
Canara Bank was founded in 1906 in Mangaluru, India, and operates as a leading commercial bank in the sector. Services provided include consumer banking, retail banking, investment options, mortgages, credit cards, asset management, and private banking for individuals and businesses. Operations are centered in India, with annual revenues of 13.22 billion and net profit of 1.25 billion recorded in 2022.
Who are the top competitors of Canara Bank?
What products or services does Canara Bank offer?
Canara Bank offers Savings Account, Home Loan, Vehicle Loan, Education Loan, and 2 more products and services.
Is Canara Bank publicly traded?
Yes, Canara Bank is publicly traded on NSE under the ticker symbol CANBK.
Who are Canara Bank's investors?
Canara Bank has 1 investor. Key investors include Life Insurance Corporation of India.
What is Canara Bank's ticker symbol?
The ticker symbol of Canara Bank is CANBK on NSE.
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