Hon’ble Union Finance Minister Smt. Nirmala Sitharaman felicitated the Top Performing Public Sector Banks under EASE4.0 Reform Index for Q4 FY 2021-22, in the event organized by IBA in Mumbai on 16th September, 2022. Canara Bank was awarded 3rd Rank under the prestigious EASE Reforms Index Award 2022 (EASE 4.0 Awards). Canara Bank has also been awarded 1st prize under the theme Institutionalising Prudent Banking.
The award was received by Sri L V Prabhakar, M D & CEO, Canara Bank. Speaking on the occasion, Sri Prabhakar has reiterated the thrust areas under EASE Reforms and the way it has helped Canara Bank to build strong capabilities to drive sustainable long-term business growth.
Mr Prabhakar has further elaborated the initiative taken by the Bank to develop the digital capabilities and to be among the most preferred Bank to Bank with.
About Canara Bank:
Widely known for 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 the various phases of its 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 was characterized by business diversification for the Bank. 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. Today, Canara Bank occupies a premier position in the comity of Indian Banks.
Over the years, the Bank has been scaling up its market position to emerge as a major Financial Conglomerate with as many as ten subsidiaries/sponsored institutions/joint ventures in India and abroad. As at June 2022, Canara Bank services over 10.4 crore customers through a network of 9,732 branches and 12,201 ATMs/Recycler spread across all Indian states and Union territories.