Head Office, Bangalore

BALANCE SHEET AS AT 31ST MARCH 2008

Schedule As at As at
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
CAPITAL AND LIABILITIES
CAPITAL 1 410,00,00 410,00,00
RESERVES AND SURPLUS 2 10090,49,23 9943,98,61
DEPOSITS 3 154072,42,22 142381,45,19
BORROWINGS 4 2517,23,22 1574,35,17
OTHER LIABILITIES AND PROVISIONS 5 13438,54,53 11651,25,30

TOTAL 180528,69,20 165961,04,27

ASSETS
CASH & BALANCES WITH RESERVE BANK OF INDIA 6 13364,78,70 9095,19,15
BALANCES WITH BANKS AND MONEY AT CALL
AND SHORT NOTICE 7 4513,25,19 7278,74,21
INVESTMENTS 8 49811,57,18 45225,53,84
ADVANCES 9 107238,04,09 98505,68,70
FIXED ASSETS 10 2916,87,25 2861,35,35
OTHER ASSETS 11 2684,16,79 2994,53,02
TOTAL 180528,69,20 165961,04,27
CONTINGENT LIABILITIES 12 109873,22,63 61611,13,76
BILLS FOR COLLECTION 11137,26,67 6200,02,07
NOTES ON ACCOUNTS 17
BANGALORE
APRIL 26, 2008
K PADMANABHAN N SELVARAJAN D S CHAKRAVARTHI
SENIOR MANAGER DIVISIONAL MANAGER DEPUTY GENERAL MANAGER
T R EKANATHAN D L RAWAL G S VEDI
GENERAL MANAGER EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR
M B N RAO AMITABH VERMA VANI J SHARMA
CHAIRMAN & MANAGING DIRECTOR DIRECTOR DIRECTOR
S K KOHLI AJAY MATHUR S SHABBEER PASHA
DIRECTOR DIRECTOR DIRECTOR
Dr. YOGENDRA PATI TRIPATHI
DIRECTOR DIRECTOR DIRECTOR
PANKAJ GOPALJI THAKKER SUNIL GUPTA
P V MAIYA B B TANDON
AS PER OUR REPORT OF EVEN DATE
DIRECTOR DIRECTOR
For S N MUKHERJI & Co. For DE CHAKRABORTY & SEN For SATYANARAYANA & Co.
CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS
SUDIP K MUKHERJI M K MUKHOPADHAYA CH. SESHAGIRI RAO
PARTNER PARTNER PARTNER
For PARAKH & Co. For M ANANDAM & Co. For N SANKARAN & Co.
CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS
PARTNER
VISHNU DUTT MANTRI A V SADASIVA B CHANDRASEKHAR
PARTNER PARTNER
























Head Office, Bangalore
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2008
Schedule For the Year For the Year
ended ended
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
I. INCOME
INTEREST EARNED 13 14200,73,70 11364,55,62
OTHER INCOME 14 2212,87,24 1450,94,97
TOTAL 16413,60,94 12815,50,59
II. EXPENDITURE
INTEREST EXPENDED 15 10662,94,44 7337,73,05
OPERATING EXPENSES 16 2791,29,13 2565,30,54
PROVISIONS AND CONTINGENCIES 1394,36,70 1491,66,00
TOTAL 14848,60,27 11394,69,59
III. NET PROFIT FOR THE YEAR 1565,00,67 1420,81,00
IV. APPROPRIATIONS
TRANSFERS TO
STATUTORY RESERVE 400,00,00 360,00,00
CAPITAL RESERVE 102,00,00 2,20,90
REVENUE RESERVE 379,00,67 722,82,10
SPECIAL RESERVE 300,00,00 --
PROPOSED DIVIDEND 328,00,00 287,00,00
DIVIDEND TAX 56,00,00 48,78,00
TOTAL 1565,00,67 1420,81,00
NOTES ON ACCOUNTS 17
EARNINGS PER SHARE 38.17 34.65
BANGALORE
APRIL 26, 2008
For M ANANDAM & Co.
CHARTERED ACCOUNTANTS
Dr. YOGENDRA PATI TRIPATHI
DIRECTOR
PARTNER
For PARAKH & Co.
CHARTERED ACCOUNTANTS
PANKAJ GOPALJI THAKKER SUNIL GUPTA
AS PER OUR REPORT OF EVEN DATE
DIRECTOR DIRECTOR
P V MAIYA
DIRECTOR
AJAY MATHUR
DIRECTOR
DIRECTOR
S K KOHLI
D L RAWAL
EXECUTIVE DIRECTOR
M B N RAO
CHAIRMAN & MANAGING DIRECTOR
AMITABH VERMA
K PADMANABHAN
SENIOR MANAGER
T R EKANATHAN
GENERAL MANAGER EXECUTIVE DIRECTOR
N SELVARAJAN
DIVISIONAL MANAGER
D S CHAKRAVARTHI
DEPUTY GENERAL MANAGER
G S VEDI
VANI J SHARMA
DIRECTOR
DIRECTOR
S SHABBEER PASHA
DIRECTOR
B B TANDON
DIRECTOR
For S N MUKHERJI & Co.
CHARTERED ACCOUNTANTS
SUDIP K MUKHERJI
For DE CHAKRABORTY & SEN
B CHANDRASEKHAR
PARTNER PARTNER PARTNER
VISHNU DUTT MANTRI A V SADASIVA
M K MUKHOPADHAYA
PARTNER
For SATYANARAYANA & Co.
CHARTERED ACCOUNTANTS CHARTERED ACCOUNTANTS
For N SANKARAN & Co.
CHARTERED ACCOUNTANTS
CH. SESHAGIRI RAO
PARTNER




































CANARA BANK, HO, BANGALORE
SCHEDULES ANNEXED TO THE BALANCE SHEET AS AT 31ST MARCH 2008
As at As at
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
SCHEDULE 1 - CAPITAL
I. Authorised Capital 1500,00,00 1500,00,00
(150,00,00,000 Equity Shares of Rs.10/- each)
II.Issued,Subscribed and Paid up:
i) 30,00,00,000 Equity Shares of Rs.10/- each 300,00,00 300,00,00
held by Central Government
ii) 11,00,00,000 Equity Shares of Rs.10/- each 110,00,00 110,00,00
held by others
410,00,00 410,00,00

CANARA BANK, HO, BANGALORE
SCHEDULES ANNEXED TO THE BALANCE SHEET AS AT 31ST MARCH 2008
As at As at
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
SCHEDULE 2 - RESERVES AND SURPLUS
I. STATUTORY RESERVE
(Reserve Fund in terms of Section 17 of the Banking
Regulation Act, 1949)
OPENING BALANCE 2408,00,00 2048,00,00
Additions during the year 400,00,00 360,00,00
TOTAL 2808,00,00 2408,00,00
II. CAPITAL RESERVE
a. REVALUATION RESERVE
OPENING BALANCE 2242,87,23 113,37,76
Add : Revaluation during the year -- 2132,80,37
2242,87,23 2246,18,13
Less : Transferred to Profit and Loss Account 38,01,33 3,30,90
Total 2204,85,90 2242,87,23
b. FOREIGN CURRENCY TRANSLATION RESERVE
OPENING BALANCE 7,22,56 --
Add : Additions during the year -- 7,22,56
Less: Deductions during the year 7.22,56 --
TOTAL -- 7,22,56
c. OTHERS
OPENING BALANCE 414,06,82 411,85,92
ADDITIONS DURING THE YEAR 102,00,00 2,20,90
Total 516,06,82 414,06,82
III SHARE PREMIUM :
OPENING BALANCE 275,00,00 275,00,00
Received during the year -- --
Total 275,00,00 275,00,00
IV REVENUE AND OTHER RESERVES
a. REVENUE RESERVE
OPENING BALANCE 4052,82,00 3329,99,90
ADD: Additions during the year 379,00,67 722,82,10
Transferred from Special Reserve 544,00,00 --
4975,82,67 4052,82,00
Less: Deductions during the year 989,26,16 --
Total 3986,56,51 4052,82,00
b. SPECIAL RESERVE
i. {In terms of Section 36 (1)(viiia) of the
Income Tax Act, 1961} 544,00,00 544,00,00
Less: Transfer to Revenue Reserve 544,00,00 --
Total -- 544,00,00
ii. {In terms of Section 36 (1)(viii) of the
Income Tax Act, 1961}
OPENING BALANCE -- --
Additions during the year 300,00,00 --
Total 300,00,00 --
TOTAL 10090,49,23 9943,98,61
CANARA BANK, HO, BANGALORE
SCHEDULES ANNEXED TO THE BALANCE SHEET AS AT 31ST MARCH 2008
As at As at
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
SCHEDULE 3 - DEPOSITS
A. I. DEMAND DEPOSITS
i. FROM BANKS 140,55,95 599,54,92
ii. FROM OTHERS 13112,97,43 11845,69,96
Total 13253,53,38 12445,24,88
II. SAVINGS BANK DEPOSITS 35267,34,61 32435,30,46
Total 35267,34,61 32435,30,46

III. TERM DEPOSITS
i. FROM BANKS 3357,87,43 2138,74,44
ii. FROM OTHERS 102193,66,80 95362,15,41
Total 105551,54,23 97500,89,85
TOTAL 154072,42,22 142381,45,19
B. DEPOSITS OF BRANCHES
i. IN INDIA 149565,16,97 138672,95,42
ii. OUTSIDE INDIA 4507,25,25 3708,49,77
TOTAL 154072,42,22 142381,45,19
CANARA BANK, HO, BANGALORE
SCHEDULES ANNEXED TO THE BALANCE SHEET AS AT 31ST MARCH 2008
As at As at
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
SCHEDULE 4 - BORROWINGS
I. BORROWINGS IN INDIA
i. RESERVE BANK OF INDIA -- 750,00,00
ii OTHER BANKS -- --
iii. OTHER INSTITUTIONS AND AGENCIES 2517,23,22 389,65,17
TOTAL 2517,23,22 1139,65,17
II. BORROWINGS OUTSIDE INDIA -- 434,70,00

Total 2517,23,22 1574,35,17
SCHEDULE 5 - OTHER LIABILITIES & PROVISIONS
I. UNSECURED REDEEMABLE BONDS
(SUB-ORDINATED FOR TIER II CAPITAL) 6115,25,70 6250,71,90
II. BILLS PAYABLE 1906,89,04 1781,70,99
III. INTER OFFICE ADJUSTMENT (NET) 53,65,43 91,33,15
III. INTEREST ACCRUED 251,53,81 155,21,95
IV. DEFERRED TAX LIABILITY 148,67,00 137,67,00
V. OTHERS (INCLUDING PROVISIONS) 4962,53,55 3234,60,31
TOTAL 13438,54,53 11651,25,30
CANARA BANK, HO, BANGALORE
SCHEDULES ANNEXED TO THE BALANCE SHEET AS AT 31ST MARCH 2008
As at As at
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
SCHEDULE 6-CASH AND BALANCES WITH
RESERVE BANK OF INDIA
I. CASH IN HAND
(Including Foreign Currency Notes) 431,45,37 358,43,17
II BALANCES WITH RESERVE BANK OF INDIA
IN CURRENT ACCOUNT 12933,33,33 8736,75,98
IN OTHER ACCOUNTS -- --
Total 12933,33,33 8736,75,98
TOTAL 13364,78,70 9095,19,15
SCHEDULE 7 - BALANCES WITH BANKS AND MONEY
AT CALL AND SHORT NOTICE
I. IN INDIA
i. BALANCE WITH BANKS
a. IN CURRENT ACCOUNTS 634,69,82 618,32,21
b. IN OTHER DEPOSIT ACCOUNTS -- --
Total 634,69,82 618,32,21
ii. MONEY AT CALL AND SHORT NOTICE
a. WITH BANKS 1605,00,00 1050,00,00
b. WITH OTHER INSTITUTIONS -- --
Total 1605,00,00 1050,00,00
Total 2239,69,82 1668,32,21
II. OUTSIDE INDIA
i. IN CURRENT ACCOUNTS 164,00,08 153,71,46
ii. IN OTHER DEPOSIT ACCOUNTS 2109,55,29 5456,70,54
iii. MONEY AT CALL AND SHORT NOTICE -- --
Total 2273,55,37 5610,42,00
TOTAL 4513,25,19 7278,74,21
CANARA BANK, HO, BANGALORE
SCHEDULES ANNEXED TO THE BALANCE SHEET AS AT 31ST MARCH 2008
As at As at
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
SCHEDULE 9 - ADVANCES
A. i. BILLS PURCHASED & DISCOUNTED 6190,25,02 5715,15,24
ii. CASH CREDITS, OVERDRAFTS AND LOANS
REPAYABLE ON DEMAND 45564,12,77 47029,88,61
iii. TERM LOANS 55483,66,30 45760,64,85
Total 107238,04,09 98505,68,70
B. i. SECURED BY TANGIBLE ASSETS 79741,09,64 71166,47,01
(INCLUDING BOOK DEBTS)
ii. COVERED BY BANK / GOVT.GUARANTEES 3999,92,53 6164,11,83
iii. UNSECURED 23497,01,92 21175,09,86
Total 107238,04,09 98505,68,70
C. I. ADVANCES IN INDIA
i. PRIORITY SECTOR 41979,79,91 36680,32,55
ii. PUBLIC SECTOR 7161,59,36 12184,72,54
iii. BANKS 2,76,74 4,33,56
iv. OTHERS 56585,34,37 48841,08,09

TOTAL 105729,50,38 97710,46,74
II. ADVANCES OUTSIDE INDIA
(DUE FROM OTHER THAN BANKS)
i. BILLS PURCHASED AND DISCOUNTED 96,94,29 37,33,15
ii. SYNDICATED LOANS 1004,16,92 387,96,51
iii OTHERS 407,42,50 369,92,30
Total 1508,53,71 795,21,96
TOTAL 107238,04,09 98505,68,70
CANARA BANK, HO, BANGALORE
SCHEDULES FORMING PART OF THE PROFIT & LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2008
For the For the
Year ended Year ended
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)

SCHEDULE 13 - INTEREST EARNED

I. INTEREST/DISCOUNT ON ADVANCES/BILLS 9875,34,44 7507,58,78
II. INCOME ON INVESTMENTS 3817,34,61 3324,00,57
III. INTEREST ON BALANCES WITH RBI AND OTHER
INTER BANK FUNDS 449,32,21 455,99,80
IV. OTHERS 58,72,44 76,96,47
TOTAL 14200,73,70 11364,55,62
SCHEDULE 14 - OTHER INCOME
I. COMMISSION, EXCHANGE AND BROKERAGE 745,29,69 474,85,08
II. PROFIT ON SALE OF INVESTMENTS - NET 435,08,90 134,10,30
III. PROFIT ON REVALUATION OF INVESTMENTS (-)95,43,76 (-)60,85,15
IV. PROFIT ON SALE OF LAND/BUILDINGS AND
OTHER ASSETS 1,09,16 49,12
V. PROFIT ON EXCHANGE TRANSACTIONS - NET 153,64,43 173,09,76
VI. INCOME EARNED BY WAY OF DIVIDEND ETC.
FROM SUBSIDIARIES/COMPANIES AND/OR
JOINT VENTURES ABROAD/IN INDIA 222,85,04 60,61,28
VII. MISCELLANEOUS INCOME 750,33,78 668,64,58
TOTAL 2212,87,24 1450,94,97
CANARA BANK, HO, BANGALORE
SCHEDULES FORMING PART OF THE PROFIT & LOSS ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2008
For the For the
Year ended Year ended
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
SCHEDULE 15 - INTEREST EXPENDED
I. INTEREST ON DEPOSITS 9945,15,98 6888,06,77
II. INTEREST ON RESERVE BANK OF INDIA/
INTERBANK BORROWINGS 222,40,39 93,50,18
III. OTHERS 495,38,07 356,16,10
TOTAL 10662,94,44 7337,73,05
SCHEDULE 16 - OPERATING EXPENSES
I. PAYMENTS TO AND PROVISIONS FOR EMPLOYEES 1661,28,07 1609,29,19
II. RENT, TAXES, LIGHTING 270,18,71 232,90,20
III. PRINTING AND STATIONERY 33,99,41 30,48,78
IV. ADVERTISEMENT AND PUBLICITY 45,65,21 39,27,83
V. DEPRECIATION ON BANK'S PROPERTY
(NET OF TRANSFER FROM REVALUATION RESERVE) 169,96,84 148,17,70
VI. DIRECTORS FEES, ALLOWANCES AND EXPENSES 51,89 53,45
VII. AUDITORS' FEES AND EXPENSES (INCLUDES
FOR BRANCH AUDITORS) 28,02,54 21,49,57
VIII. LAW CHARGES 10,56,56 7,93,39
IX. POSTAGE, TELEGRAMS, TELEPHONES ETC 27,66,84 24,27,02
X. REPAIRS AND MAINTENANCE 87,94,57 52,12,81
XI. INSURANCE 139,72,06 115,59,02
XII. OTHER EXPENDITURE 315,76,43 283,21,58
TOTAL 2791,29,13 2565,30,54
CANARA BANK, HO, BANGALORE
SCHEDULES ANNEXED TO THE BALANCE SHEET AS AT 31ST MARCH 2008
As at As at
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
SCHEDULE 10 - FIXED ASSETS
I. PREMISES
AT COST / VALUATION AS PER LAST
BALANCE SHEET 2775,78,50 619,40,30
ADDITIONS DURING THE YEAR 39,77,50 23,71,54
2815,56,00 643,11,84
REVALUATIONS MADE DURING THE YEAR -- 2132,80,37
2815,56,00 2775,92,21
DEDUCTIONS DURING THE YEAR 38,11,13 13,71
2777,44,87 2775,78,50
DEPRECIATION TO DATE 229,73,54 222,27,47
2547,71,33 2553,51,03
II. OTHER FIXED ASSETS
(INCLUDING FURNITURE & FIXTURES)
AT COST AS PER LAST BALANCE SHEET 1187,26,21 1005,85,31
ADDITIONS DURING THE YEAR 229,47,44 196,50,39
1416,73,65 1202,35,70
DEDUCTIONS DURING THE YEAR 33,20,06 15,09,49
1383,53,59 1187,26,21
DEPRECIATION TO DATE 1016,56,67 883,74,17
366,96,92 303,52,04
III. LEASED ASSETS
AT COST AS PER LAST BALANCE SHEET 93,34,38 93,34,38
ADDITIONS DURING THE YEAR -- --
93,34,38 93,34,38
DEDUCTIONS DURING THE YEAR -- --
93,34,38 93,34,38
DEPRECIATION TO DATE 77,87,64 75,23,46
15,46,74 18,10,92
LESS: LEASE TERMINAL
ADJUSTMENT ACCOUNT 13,27,74 13,78,64
2,19,00 4,32,28
TOTAL 2916,87,25 2861,35,35
CANARA BANK, HO, BANGALORE
SCHEDULES ANNEXED TO THE BALANCE SHEET AS AT 31ST MARCH 2008
As at As at
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
SCHEDULE 11 - OTHER ASSETS
I. INTEREST ON INVESTMENTS
- ACCRUED AND DUE 67,58,22 76,11,46
- NOT DUE 943,63,62 824,50,14
1011,21,84 900,61,60
II. TAX PAID IN ADVANCE/TAX DEDUCTED AT
SOURCE (NET) 138,31,86 510,64,48
III. STATIONERY AND STAMPS 2,77,14 5,52,12
IV. NON BANKING ASSETS ACQUIRED IN
SATISFACTION OF CLAIMS 33,09 33,21
V. OTHERS 1531,52,86 1577,41,61

TOTAL 2684,16,79 2994,53,02
CANARA BANK, HO, BANGALORE
SCHEDULES ANNEXED TO THE BALANCE SHEET AS AT 31ST MARCH 2008
As at As at
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
SCHEDULE 12 - CONTINGENT LIABILITIES
I. CLAIMS AGAINST THE BANK NOT
ACKNOWLEDGED AS DEBTS 755,79,16 660,60,77
II. LIABILITY FOR PARTLY PAID INVESTMENTS -- --
III. LIABILITY ON ACCOUNT OF OUTSTANDING
FORWARD EXCHANGE CONTRACTS 77602,73,37 37874,28,83
IV. GUARANTEES GIVEN ON BEHALF OF
CONSTITUENTS
a. IN INDIA 17336,99,22 13606,22,55
b.OUTSIDE INDIA 15,35,00 9,63,03
17352,34,22 13615,85,58
V. ACCEPTANCES, ENDORSEMENTS AND
OTHER OBLIGATIONS 14162,35,88 9460,38,58
VI. OTHER ITEMS FOR WHICH THE BANK IS
CONTINGENTLY LIABLE
a. BILLS OF EXCHANGE REDISCOUNTED -- --
b. OTHERS -- --
-- --
TOTAL 109873,22,63 61611,13,76
CANARA BANK, HO, BANGALORE
SCHEDULES ANNEXED TO THE BALANCE SHEET AS AT 31ST MARCH 2008
As at As at
31.03.2008 31.03.2007
(Rs. '000) (Rs. '000)
SCHEDULE 8 - INVESTMENTS
I. INVESTMENTS IN INDIA : GROSS: 49178,49,85 44999,84,97
LESS: PROVISION FOR DEPRECIATION 125,93,33 455,00,88
NET INVESTMENT IN INDIA 49052,56,52 44544,84,09
i. GOVERNMENT SECURITIES 42830,37,22 37320,47,35
ii. OTHER APPROVED SECURITIES 526,54,10 644,73,51
iii SHARES 1118,50,41 651,18,55
iv. DEBENTURES AND BONDS 2712,21,75 4325,57,38
v. SUBSIDIARIES AND/OR JOINT VENTURES 264,11,53 281,46,36
vi. OTHERS 1600,81,51 1321,40,94
Total 49052,56,52 44544,84,09
HELD TO MATURITY 28720,55,27 18379,96,00
AVAILABLE FOR SALE 20127,97,44 25406,78,42
HELD FOR TRADING 204,03,81 758,09,67
Total 49052,56,52 44544,84,09
II. INVESTMENTS OUTSIDE INDIA - GROSS 813,38,31 706,73,77
LESS : PROVISION FOR DEPRECIATION 54,37,65 26,04,02
NET INVESTMENTS OUTSIDE INDIA 759,00,66 680,69,75
i. GOVERNMENT SECURITIES
(INCLUDING LOCAL AUTHORITIES) -- --
ii. SUBSIDIARIES AND/OR JOINT VENTURES 36,57,20 61,70,39
iii. OTHER INVESTMENTS 722,43,46 618,99,36
Total 759,00,66 680,69,75
HELD TO MATURITY 291,78,55 209,19,96
AVAILABLE FOR SALE 467,22,11 471,49,79
HELD FOR TRADING -- --
Total 759,00,66 680,69,75
TOTAL 49811,57,18 45225,53,84