Canara Bank Of India

Canara Bank in India has a history of nine decades and is the largest public sector banks in India. Canara Bank India has a deposit advance base of Rs.640 bn and Rs 332 bn (figure in the year 2002).

Canara Bank of India has a total of 47,843 employees and is spread with 2409 branches throughout the country. Canara Bank India has an exposure to petroleum, engineering, infrastructure, factoring, investment management, venture capital, home finance and securities.

Canara Bank entered Forex arena in 1953 with the opening of its first Foreign Exchange Department in Mumbai. The Bank has 5 forex dealing rooms located in Mumbai, New Delhi, Calcutta, Chennai and Bangalore in India and one in London branch. Canbank provides a wide range of services and products like sale and purchase of 7 world currencies, swap currency and forward bookings.

Canara Bank Loan

Canara Bank provides provides loans to almost every section of the society.
Some of the loans are mentioned as under:

* Agriculture & Rural Credit
* Kisan Credit
* Loans for AgriClinic
* Minor Irrigation Loans
* Farm Machinery Loans
* Farm Development Loans
* Vehicle Loan for Agriculturists
* Loan for Plantation Crops
* Loan for Marine Fisheries
* Loan for Inland Fisheries
* Loan for Sericulture
* Loan for Purchasing Agricultural Land
* Loan for Poultry
* Export Credit for Agro Products
* Other Agricultural Loans
* Loans to SSIs
* Charter for SSIs

Canara Bank for Women

The Centre for Entrepreneurship Development for Women was established by Canara Bank in India at the Bank's Corporate Office, Bangalore during the year 1988 with an objective of assisting the potential women entrepreneurs to select income generating activities and starting ventures of their own.

Subsequently 9 such CEDs were opened and are functioning at Circle Offices situated at various State Capitals. The CED at corporate office brings out a newsletter VIKAS every bi-monthly.

Mahila Banking branch:

An exclusive branch for women and Mahila banking division - an exclusive division for women within a branch opened, which is the 1st of kind in the banking industry.

Details are enlisted below:

* Mahila Banking Branch, Jayanagar , Bangalore, Karnataka
* Mahila Banking Division, Mandipet Branch, Davangere, Karnataka
* Mahila Banking Division, M G Road Branch, Agra, UP
* Mahila Banking Division, N V Street Branch, Madurai, Tamilnadu
* Mahila Banking Division, West Palace Road, Thrissur, Kerala
* Mahila Banking Division, West Hill, Kozhikode, Kerala
* Mahila Banking Division, Shimoga Main Branch, Karnataka

These specialised branch and divisions offer all banking services to women.

Objectives:

* To identify, select and train women Entrepreneurs.
* To conduct EDPs and Skill development programmes (EDPs) for different target groups.
* To assist potential Women Entrepreneurs to start/establish/run an Enterprise professionally.
* To guide existing entrepreneurs to improve the working and modernisation of an existing unit.
* To co-ordinate with Government/Voluntary organisations engaged in promoting entrepreneurship among women.
* To offer counselling services to the Entrepreneurs existing as well as new.
* To assist in the formation of self-help groups.

Canara Bank Shares

Canara Bank Shares are listed at Bangalore, Mumbai and National Stock exchanges.

The Bank has appointed the under mentioned as its share transfer agent to whom communications regarding change of address, change in Bank Mandate, transfer of shares , Mandate for ECS etc. should be addressed.

M/s. Karvy consultants ltd
46, Avenue 4
Street No.1
Banjara Hills
Hyderabad- 500 034

Interms of SEBI guidelines, the Registrar and Transfer agent of the Bank is extending the facility of simultaneous transfer -cum dematerialisation of shares to the investors. On transfer of shares in the name of the transferee , they are being apprised to submit letters to their depository participants for dematerialisation of shares. On receipt of Demat request forms, the shares are dematerialised and confirmation through electronic mode is sent. If the demat request number is not received within a period of 30 days, the duly transfered share certificate is despatched to the transferee.

Canara Bank Share holding pattern are as below:

Government of India Rs.300.00 Crs 73.17%
Mutual Funds/Other Institutions Rs. 23.56 Crs 5.75%
Private Corporate Bodies Rs. 13.64 Crs 3.33%
Public Rs. 72.80 Crs 17.75%
TOTAL Rs. 410.00 Crs 100%

Names of Depositories for Dematerialisation are:

* National Securities Depository Ltd (NSDL)
* Central Depository Services (India) Ltd (CDSL)

Canara Bank India has entered into an agreement with National Securities Depository Ltd and Central Depository Services (India) Ltd as an issuer company for Dematerialisation of Bank shares. In accordance with the directions of the SEBI, trading in Canara Bank Shares by all categories of Investors is only be permitted in dematerialised form.

Canara Bank Public Issue

Canara Bank of India is one of the largest public sector banks in the country with a deposit and advances base of Rs 640 bn and Rs 332 bn respectively in 2002. The bank's share of total public sector deposits in FY01 stood at 7.5% combined with a 7.9% share in total PSU advances. Deposits and advances have grown at a CAGR of 11% and 15% respectively over the last five years.

Canara Bank also has diversified into other financial areas like factoring, investment management, venture capital, home finance and securities trading through various subsidiaries.

The two major objectives of the public issue are:

* Augmenting long-term resources of the bank.
* To meet future capital adequacy requirements. The capital adequacy ratio of the bank as of March 2002 was 11.9%, which would go up after the public issue.

Canara Bank profile of one decade is as follows:

Rs. in Crore

1994-95 1995-96 1996-97 1997-98 1998-99 1999-2000 2000-01 2001-02 2002-03 2003-04
Number of Branches 2136 2192 2262 2312 2379 2397 2405 2409 2424 2469
Capital 590 485 485 578 578 578 578 578 410 410
Reserves 1144 1446 1564 1725 1835 2018 2237 2894 3739 4842
Deposits 22475 26243 31445 38045 41959 48001 59070 64030 72095 86345
Quantum Increase 2636 3768 5202 6600 3914 6042 11069 4960 8065 14250
% Increase 13.29 16.77 19.82 20.99 10.29 14.4 23.06 8.4 12.6 19.77
Non-Resident Deposits 2953 3879 4984 6302 7589 8918 9877 11358 12482 12909
Foreign Business Turnover * 20172 26438 27741 34238 39859 53634 61119 59333 65676 67347
Advances (Net) 10878 13096 14413 16825 19530 23547 27832 33127 40472 47639
Advances to Priority Sector 4125 4892 5702 6735 7034 7667 9139 10536 14604 19580
Export Credit 2065 2434 2603 2813 2789 3007 3517 3672 4429 5497
Total Number of Staff 53327 54044 54316 54703 55097 55363 48257 47796 47566 47613
Total Income 2801 3382 3869 4431 5319 5687 6536 7799 8170 9080
Total Expenditure 2597 3129 3721 4228 5094 5451 6251 7058 6173 6221
Operating Profit 552 651 654 673 957 923 1131 1656 1997 2859
Net Profit 204 253 147 203 225 236 285 741 1019 1338

Apart from the above mentioned loans, Canara Bank Housing Loans are also served to its customers.

Canara Bank Branches and Offices

In India

Canara Bank of India has a network of 2508 branches, spread over 25 States/4 Union Territories of the country and, one overseas branch at London, which are administered through

* Head Office at Bangalore
* 13 Circle Offices and 1 International Division
* 38 Regional Offices

Abroad

Canara Bank established its International Division in 1976, to supervise the functioning of its various foreign departments. To give the required thrust to foreign exchange business expecially exports and to meet the requirements of NRIs.

The Bank has its presence abroad, as under:

* Canara Bank London, UK ( branch)

* Indo Hong Kong International Finance Co. Ltd., Hong Kong ( subsidiary)

* Canara Bank Moscow (representative office)

* Al Razouki Intl. Exchange Company, Dubai, UAE. (Secondment agreement and DD drawing facility on Canara Bank)

* Eastern Exchange Establishment. Doha, Qatar. (Management agreement and DD drawing facility on Canara Bank).

In addition, following Exchange Companies have DD drawing arrangement on Canara Bank

* Al Fardan Exchange Company, Abu Dhabi, UAE.
* UAE Exchange Center, Abu Dhabi, UAE.
* Leela Megh Exchange Company, Dubai, UAE
* Thomas Cook Al Rostamani Exchange Co. Dubai, UAE
* Kuwait Bahrain Intl. Exchange Co. Kuwait
* Musandam Exchange, Muscat, Oman
* Laxmi Das Tharia Ved Exchange Co., Muscat, Oma