Canara Bank Celebrates 120th Foundation Day with Global Business Surpassing Rs.25 Lakh crore
Canara Bank, one of India’s largest public sector banks, is celebrating its 120th Foundation Day today, with a renewed focus on customer-centric innovation and inclusive banking. Established in 1906, the Bank has grown as one of the pioneers of India’s banking sector with a strong legacy and trust.
In a landmark move, Canara Bank had recently announced the removal of the minimum balance requirement across all savings accounts. This significant step ensures that every customer, regardless of their financial background, can access and maintain a savings account without the burden of maintaining a minimum balance. Demonstrating its significant financial prowess, Canara Bank's global business stands at over Rs.25 lakh crore.
As Canara Bank completes 120 glorious years of service to the nation, Canara Bank MD & CEO, Shri Satyanarayan Raju, stated, “My heart brims with immense gratitude. This remarkable milestone is a testament to the enduring trust of over 12 crore customers, the steadfast commitment of our stakeholders, and the unwavering support of our well-wishers across the Nation. From our humble inception on 1st July, 1906 to today—standing strong with over 9,800 branches nationwide—our journey has been defined by the core values of Trust, Togetherness, and Transformation. These values continue to inspire us as we move forward with purpose, innovation, and a deep sense of responsibility towards nation-building.”
He further stated, “On this historic occasion, I extend my heartfelt thanks to each of our customers, stakeholder, and well-wishers and reaffirm our pledge to serve the Country with integrity, inclusivity, and excellence. Together, we have achieved much. And together, we shall achieve more.”
As Canara Bank celebrates its 120th anniversary, it continues to focus on offering innovative, inclusive, and customer-friendly banking solutions. The bank’s latest initiatives, including the CANARA TruEdge suite, provide tailored digital banking and insurance benefits for institutional clients, while Canara Aspire offers a zero-balance, youth-focused savings account with exclusive educational and insurance perks, underscoring its vision of “Together We Can.”
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