1. INTRODUCTION:Canara Bank is a state-owned financial services company in India.

It was established in 1906, making it one of the oldest banks in the country. As on 2009 November, the bank had a network of 2861 branches, spread across India. The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, and Dubai.

2. History of canara bank:-

The late Sri. Ammembal Subba Rao Pai a philanthropist established the Canara Bank Hindu Permanent Fund in Mangalore, India, on 1 July 1906. The bank changed its name to Canara Bank Limited in 1910 when it incorporated. In 1958, the Reserve Bank of India ordered Canara Bank to acquire G. Raghumathmul Bank, in Hyderabad. This bank had been established in 1870, and had converted to a limited company in 1925. At the time of the acquisition G. Raghumathmul Bank had five branches.

3. VISION AND MISSION Vision

To emerge as a Best Practices Bank by pursuing global benchmarks in profitability, operational efficiency, asset quality, risk management and expanding the global reach.

Mission
To provide quality banking services with enhanced customer orientation, higher value creation for stakeholders and to continue as a responsive corporate social citizen by effectively blending commercial pursuits with social banking.

4. The products and services offered at Canara Bank

Canara Bank offers investment opportunities as mutual funds and insurance. You also get special facilities like cheque collection and collection of bills along with ATM, mobile banking, net banking, electronic funds transfer, any branch banking and anywhere banking facilities
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Savings, Current Account and Deposits Loan Products includes Housing loan, Home Renovation loan, Canmahila

(loan for Women), Teachers loan, Car loan and other vehicle loan.
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Insurance Business Mutual Funds Card Services NRI Services The Canara Bank of India is one of the renowned banks in the country. The bank

provides excellent services and facilities to its customers. Personal Banking, Corporate Banking, NRI Banking and Priority & SME Credit are some of the important functions provided by the bank. Personal Banking Canara Bank India provides the following services under the Personal Banking section:y y y y y

Loans Home Loan Personal Loan Loan against Property Overdrafts

Corporate banking Canara Bank provides par excellence services in Corporate Banking as well. These include,
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Syndication Services IPO Monitoring Activity Merchant Banking Services Accounts & Deposits Cash Management Services Loans & Advances TUF Schemes Canara electronic Tax

Apart from these, the Canara Bank also has exciting offers and packages for NRIs.

Priority and SME credit The following facilities are listed under this service:y y y y y y y y

Priority Credit SME Business SME Marketing Desk Regional Rural Banks Consultancy Services related to agriculture Agri-Business Marketing Desk Rural Development Entrepreneurship Development for women

Social Banking

Some of the loans provided by the Canara Bank include;

Bank deposits
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Savings Bank Deposits Canara Super Savings Salary A/c Canara Flexi A/c Current Account Savings Bank Gold A/c Canara Saral Canara Champ Can Premium Current Account

Loans and advance

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Housing Loan Loan for Personal Needs Loan for Personal needs of Teaching/Non- Teaching Staff Loan for Pensioners Loan against Security of Mortgage of Property Loan against approved Shares/Debentures/Mutual Funds plantation and export

oriented production units.

5. Current position in India: Canara bank at 4th position in India. Current price of share is Rs. 525/- (each share) Where 4, 43,00,000 shares distributed till June 2011. And total market capital of canara bank is Rs. 22,745.84 (in crore). Net profit in Rs.4025 crore. Till March 2011.

6. Area of operations

a) Banking Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers on the bank, and collecting cheques deposited to customers' current accounts. Banks also enable customer payments via other payment methods such as telegraphic transfer, EFTPOS, and ATM.

Banks borrow money by accepting funds deposited on current accounts, by accepting term deposits, and by issuing debt securities such as banknotes and bonds. Banks lend money by making advances to customers on current accounts, by making installment loans, and by investing in marketable debt securities and other forms of money lending.

Banks provide almost all payment services, and a bank account is considered indispensable by most businesses, individuals and governments. Nonbanks that provide payment services such as remittance companies are not normally considered an adequate substitute for having a bank account.

Banks borrow most funds from households and non-financial businesses, and lend most funds to households and non-financial businesses, but non-bank lenders provide a significant and in many cases adequate substitute for bank loans, and money

market funds, cash management trusts and other non-bank financial institutions in many cases provide an adequate substitute to banks for lending savings

b) Financial service

Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises. A "commercial bank" is what is commonly referred to as simply a "bank". The term "commercial" is used to distinguish it from an "investment bank," a type of financial services entity which, instead of lending money directly to a business, helps businesses raise money from other firms in the form of bonds (debt) or stock (equity). Foreign exchange services Foreign exchange services are provided by many banks around the world. Foreign exchange services include:
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Currency Exchange - where clients can purchase and sell foreign currency

banknotes.
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Wire transfer - where clients can send funds to international banks abroad. Foreign Currency Banking - banking transactions are done in foreign currency.

Investment services
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Asset management - the term usually given to describe companies which run

collective investment funds.

Hedge fund management - Hedge funds often employ the services of "prime

brokerage" divisions at major investment banks to execute their trades.

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Custody services - the safe-keeping and processing of the world's securities

trades and servicing the associated portfolios. Assets under custody in the world are approximately $100 trillion.

Insurance
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Insurance brokerage - Insurance brokers shop for insurance (generally

corporate property and casualty insurance) on behalf of customers. Recently a number of websites have been created to give consumers basic price comparisons for services such as insurance, causing controversy within the industry.
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Insurance underwriting - Personal lines insurance underwriters actually

underwrite insurance for individuals, a service still offered primarily through agents, insurance brokers, and stock brokers. Underwriters may also offer similar commercial lines of coverage for businesses. Activities include insurance and annuities, life insurance, retirement insurance, health insurance, and property & casualty insurance.
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Reinsurance - Reinsurance is insurance sold to insurers themselves, to protect

them from catastrophic losses.

Other financial services

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Intermediation or advisory services - These services involve stock brokers

(private client services) and discount brokers. Stock brokers assist investors in buying or selling shares. Primarily internet-based companies are often referred to as discount brokerages, although many now have branch offices to assist clients. These brokerages primarily target individual investors. Full service and private client firms primarily assist and execute trades for clients with large amounts of capital to invest, such as large companies, wealthy individuals, and investment management funds.

Private equity - Private equity funds are typically closed-end funds, which

usually take controlling equity stakes in businesses that are either private, or taken private once acquired. Private equity funds often use leveraged buyouts (LBOs) to acquire the firms in which they invest. The most successful private equity funds can generate returns significantly higher than provided by the equity markets
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Venture capital is a type of private equity capital typically provided by

professional, outside investors to new, high-potential-growth companies in the interest of taking the company to an IPO or trade sale of the business.
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Angel investment - An angel investor or angel (known as a business angel or

informal investor in Europe), is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. A small but increasing number of angel investors organize themselves into angel groups or angel networks to share research and pool their investment capital.