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Canara Bank: Difference between revisions
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{{Infobox company | {{Infobox company | ||
| name = Canara Bank | | name = Canara Bank | ||
| logo = File:Canara bank logo.svg | | logo = File:Canara bank logo.svg | ||
| logo_size = 250px | | logo_size = 250px | ||
| image = [[File:Canara Bank Head Office Bengaluru.jpg|250px]] | | image = [[File:Canara Bank Head Office Bengaluru.jpg|250px]] | ||
| Line 34: | Line 34: | ||
| location = [[Bangalore]], [[Karnataka]], [[India]] | | location = [[Bangalore]], [[Karnataka]], [[India]] | ||
| homepage = {{URL|www.canarabank.com}} | | homepage = {{URL|www.canarabank.com}} | ||
}} | |call.09635853981=Canara Bank}} | ||
'''Canara Bank''' is one of the largest Indian [[Government of India|government owned]] banks. It is under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]]. It is headquartered in [[Bangalore|Bengaluru]]. It was established at [[Mangalore]] in 1906 by [[Ammembal Subba Rao Pai]] and later the government nationalized the bank in 1969. The bank also has offices abroad in [[London]], [[Hong Kong]], [[Moscow]], [[Shanghai]], [[Dubai]], [[Tanzania]] and [[New York City|New York]].<ref>{{Cite news|url=http://www.thehindubusinessline.com/markets/stock-markets/canara-bank-shelves-plan-to-sell-stake-in-amc-arm/article10005883.ece|title=Canara Bank shelves plan to sell stake in AMC arm|last=Bureau|first=Our|date=2017-12-29|work=The Hindu Business Line|access-date=2018-01-15|language=en}}</ref> As per the announcement made by the Finance Minister [[Nirmala Sitharaman]] on 30 August 2019, [[Manipal]] based [[Syndicate Bank]] merged with Canara bank on 1 April 2020, making it the fourth largest PSU bank in the country.<ref>{{Cite web|title=Canara Bank, Syndicate Bank to merge to become 4th largest public sector bank|url=https://www.businesstoday.in/sectors/banks/canara-bank-syndicate-bank-merge-become-4th-largest-public-sector-bank/story/376286.html|website=www.businesstoday.in|access-date=2020-05-31}}</ref><ref>{{Cite news|last=Mohapatra|first=Debasis|date=2019-12-07|title=30 committees monitoring the Canara-Syndicate Bank merger process|work=Business Standard India|url=https://www.business-standard.com/article/finance/30-committees-monitoring-the-canara-syndicate-bank-merger-process-119120700064_1.html|access-date=2020-05-31}}</ref><ref>{{Cite web|title=Canara Bank now 4th largest PSU bank after merger with Syndicate|url=https://www.livemint.com/industry/banking/canara-bank-now-4th-largest-psu-bank-after-merger-with-syndicate-11585745401655.html|last=Ghosh|first=Shayan|date=2020-04-01|website=Livemint|language=en|access-date=2020-05-31}}</ref> | '''Canara Bank''' is one of the largest Indian [[Government of India|government owned]] banks. It is under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]], [[Government of India]]. It is headquartered in [[Bangalore|Bengaluru]]. It was established at [[Mangalore]] in 1906 by [[Ammembal Subba Rao Pai]] and later the government nationalized the bank in 1969. The bank also has offices abroad in [[London]], [[Hong Kong]], [[Moscow]], [[Shanghai]], [[Dubai]], [[Tanzania]] and [[New York City|New York]].<ref>{{Cite news|url=http://www.thehindubusinessline.com/markets/stock-markets/canara-bank-shelves-plan-to-sell-stake-in-amc-arm/article10005883.ece|title=Canara Bank shelves plan to sell stake in AMC arm|last=Bureau|first=Our|date=2017-12-29|work=The Hindu Business Line|access-date=2018-01-15|language=en}}</ref> As per the announcement made by the Finance Minister [[Nirmala Sitharaman]] on 30 August 2019, [[Manipal]] based [[Syndicate Bank]] merged with Canara bank on 1 April 2020, making it the fourth largest PSU bank in the country.<ref>{{Cite web|title=Canara Bank, Syndicate Bank to merge to become 4th largest public sector bank|url=https://www.businesstoday.in/sectors/banks/canara-bank-syndicate-bank-merge-become-4th-largest-public-sector-bank/story/376286.html|website=www.businesstoday.in|access-date=2020-05-31}}</ref><ref>{{Cite news|last=Mohapatra|first=Debasis|date=2019-12-07|title=30 committees monitoring the Canara-Syndicate Bank merger process|work=Business Standard India|url=https://www.business-standard.com/article/finance/30-committees-monitoring-the-canara-syndicate-bank-merger-process-119120700064_1.html|access-date=2020-05-31}}</ref><ref>{{Cite web|title=Canara Bank now 4th largest PSU bank after merger with Syndicate|url=https://www.livemint.com/industry/banking/canara-bank-now-4th-largest-psu-bank-after-merger-with-syndicate-11585745401655.html|last=Ghosh|first=Shayan|date=2020-04-01|website=Livemint|language=en|access-date=2020-05-31}}</ref> | ||