Canara Bank, the leading Public Sector Bank, has always been abiding by it’s tagline –
Canara Bank – A Bank Of Gratitude
Chennai, 31.07.2020: Canara Bank, the leading Public Sector Bank, has always been abiding by it’s tagline – Together We Can, and as a socially responsible organisation is always at the forefront to extend its support to the customers. One such example is of Dr. Ramanujam Govindan.
He says “ Canara Bank will always be a bank of gratitude for me. Back in 1993 when I wanted to study medicine, the fees was 25000/- for 5 years, at that time I finished my education by taking an education loan from Canara Bank in Murugankurichi, Palayankottai. Back then 10/- was required to start an account, and I didn’t even have that. The bank manager put in 10/- to open an account for me. I didn’t even know his name back then and till date I am not aware of it. I have completed my medical successfully and joined as a Duty Doctor at a hospital and hence I managed to pay back the entire loan with interest, but what I can never repay is that 10/-.”
Seeking financial aid in the form of loans is becoming a norm to revive life situations to bring back normalcy. In an endeavor to put gear to customer’s life, Canara Bank is offering the lowest rate of interest on gold loans. The Bank has also sanctioned more than Rs.60,000 crores of advances to the Corporates and MSMEs from March, 2020 till date.Canara Bank is the front runner in disbursement and providing customer experience excellence in such times.The bank has always identified the emerging financial needs of customers and the need to support their livelihood in view of the challenges and uncertainties, and shall even continue to do the same.
About Canara Bank:
Widely known for its customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through various phases of growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties period was characterized by business diversification. In June 2006, the Bank completed a century of operations in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones.
After the amalgamation of Syndicate Bank into Canara Bank on 01.04.2020, the bank has attained the position of 4th largest Public Sector Bank in the country with a total business of Rs 15, 53,792 crores. With 10403 domestic branches, 13448 ATMs and about 6000 Business Correspondents, the Bank has got unparalleled potential to become the numero uno nationalized bank in the country with a premier position in the community of Indian banks. https://www.canarabank.com/english/
