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Canara Bank
3.4
based on 1.2k Reviews
Video summary
Company Overview
Associated Companies
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Working at Canara Bank
Company Summary
Canara Bank is an Ideal destination for Personal Banking needs! They offer a wide range of consumer banking services like savings accounts, fixed deposits, MF, debit cards, loans,and much more.
Overall Rating
3.4/5
based on 1.2k reviews
11% below
industry average
Highly rated for
Job security
Critically rated for
Work-life balance, Work satisfaction, Company culture
Work Policy
Work from office
97% employees reported
Monday to Saturday
44% employees reported
Strict timing
76% employees reported
Within city
35% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
59 employees reported
Health insurance
59 employees reported
Office cab/shuttle
22 employees reported
Professional degree assistance
20 employees reported
View all benefits
About Canara Bank
Founded in1906 (119 yrs old)
India Employee Count50k-1 Lakh
Global Employee Count50k-1 Lakh
India HeadquartersBangalore/Bengaluru, Karnataka, India
Office Locations
--
Websitecanarabank.com
Primary Industry
Other Industries
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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 operation 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.
Mission: To provide quality banking services with good customer care, create value for all stakeholders and continue as a responsive corporate social citizen.
Vision: To emerge as a ‘Preferred Bank’ by pursuing global benchmarks in profitability, operational efficiency, asset quality, risk management and expanding the global reach.
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Canara Bank Ratings
based on 1.2k reviews
Overall Rating
3.4/5
How AmbitionBox ratings work?
5
503
4
254
3
169
2
75
1
161
Category Ratings
4.1
Job security
3.5
Salary
3.4
Promotions
3.1
Skill development
2.9
Company culture
2.9
Work satisfaction
2.8
Work-life balance
Canara Bank is rated 3.4 out of 5 stars on AmbitionBox, based on 1.2k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Canara Bank
based on 1k reviews
3.5
Rated by 217 Women
Rated 4.2 for Job security and 3.5 for Salary
3.4
Rated by 832 Men
Rated 4.1 for Job security and 3.5 for Salary
Work Policy at Canara Bank
based on 122 reviews in last 6 months
Work from office
97%
Permanent work from home
2%
Hybrid
1%
Canara Bank Reviews
Top mentions in Canara Bank Reviews
+ 5 more
Compare Canara Bank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.4/5 based on 1.2k reviews | 3.8/5 based on 3.8k reviews | 3.6/5 based on 1.7k reviews | 4.0/5 based on 1k reviews |
Highly Rated for | Job security | Job security Salary | Job security | Job security Salary |
Critically Rated for | Work-life balance Company culture Work satisfaction | No critically rated category | Promotions Company culture Work satisfaction | No critically rated category |
Primary Work Policy | Work from office 97% employees reported | Work from office 82% employees reported | Work from office 84% employees reported | Work from office 88% employees reported |
Rating by Women Employees | 3.5 Good rated by 217 women | 3.8 Good rated by 816 women | 3.4 Average rated by 332 women | 4.1 Good rated by 106 women |
Rating by Men Employees | 3.4 Average rated by 832 men | 3.8 Good rated by 2.7k men | 3.6 Good rated by 1.2k men | 3.9 Good rated by 788 men |
Job security | 4.1 Good | 4.1 Good | 4.0 Good | 4.2 Good |
View more
Canara Bank Salaries
Canara Bank salaries have received with an average score of 3.5 out of 5 by 1.2k employees.
Officer
(176 salaries)
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₹5 L/yr - ₹18 L/yr
Chief Manager
(146 salaries)
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₹12 L/yr - ₹45 L/yr
Branch Manager
(122 salaries)
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₹6 L/yr - ₹21 L/yr
Divisional Manager
(81 salaries)
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₹15 L/yr - ₹42 L/yr
Application Support Engineer
(47 salaries)
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₹1.2 L/yr - ₹4.5 L/yr
Banking Officer
(42 salaries)
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₹4 L/yr - ₹17 L/yr
Business Analyst
(41 salaries)
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₹8.3 L/yr - ₹22 L/yr
Probationary Officer
(39 salaries)
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₹3.5 L/yr - ₹13 L/yr
Credit Manager
(36 salaries)
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₹11.1 L/yr - ₹26 L/yr
Clerk
(36 salaries)
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₹1.5 L/yr - ₹10 L/yr
Canara Bank Interview Questions
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Popular Designations Canara Bank Hires for
Personal Relationship Manager
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Canara Bank News
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Nifty Bank Prediction today – Feb 14, 2025: The price action is bearish, go short
- The advance/decline ratio of the index stands at 2/10, signaling a bearish bias.
- ICICI bank is the top gainer, up by 0.7 percent, while AU Small Finance Bank and Canara Bank are the top losers, down by 1.5 percent each.
- Nifty Bank futures is trading at 49,320, down 0.5 percent and is likely to face resistance at 49,700 and 50,000.
- The broader trend is bearish and Nifty Bank futures may decline further to 49,000 and 48,600.
HinduBusinessLine | 14 Feb, 2025
Canara Bank appoints Dr. Madhavankutty G as chief economist
- Canara Bank has appointed Dr. Madhavankutty G as its chief economist.
- Dr. Madhavankutty will provide strategic advice and inputs on economic and financial sector developments.
- He brings over two decades of experience in economic research across various sectors.
- Canara Bank reported a net profit of ₹4,014 crore for the third quarter ending December 31.
HinduBusinessLine | 10 Feb, 2025
Afterhour Passions
- Venkatesh N, MD, IIFL Samasta Finance, Sasidhar Thumuluri, MD & CEO, Sub-K IMPACT Solutions, Tanmay Chetan, Group CEO of Agora Microfinance Group, Unnikrishnan Janardanan, CEO, Navachetana MicroFin Services, Rahul Johri, Founder & Chairman, Vector Finance, Kamal Dang, MD, Ajivika Finance, Dr. Aqueel Khan, MD, Mitrata Inclusive Financial Services, and Vivek Tiwari, MD, SATYA MicroCapital, opened up about the interests and hobbies that enrich their lives
- Many of these industry leaders have a passion for travel, including Venkatesh N and Sasidhar Thumuluri, who gain invaluable insights into different cultures, while Unnikrishnan Janardanan prefers to read spiritual books to stay grounded and present
- Some of the leaders featured enjoy physical exercise, such as Murari Lal, who works out three times a week to stay fit and focused, and Aqueel Khan, who enjoys horse-riding
- Avid readers and continual learners include Sasidhar Thumuluri and Rahul Johri, who have a particular interest in non-fiction, while Tanmay Chetan likes to read and cook, and Unnikrishnan Janardanan reads spiritual literature
- Other hobbies showcased include Kamal Dang’s passion for listening to old music and parenting, while Rahul Johri is a collector of coins and stamps, and an animal lover
- Vishal Bhatia, CDO at Canara Bank, takes a mindful approach to the day, with early morning meditation and walks. He also enjoys spending time in nature and travelling with family
- Girish Kousgi, MD & CEO of PNB Housing Finance, loves good food, exploring new places and watching films to relax
- The personal pursuits of these leaders help them maintain balance by allowing them to integrate fun and relaxation into their demanding careers, resulting in more well-rounded decision-making skills and greater focus in their work
- These insights reveal that professional success isn’t just dictated by one's career, but also by what a person does in their spare time
- These leaders are proof that well-rounded personal fulfilment and professional growth are interconnected and essential in achieving true success
Banking Frontiers | 6 Feb, 2025
Yes Bank, Canara Bank To PNB — Check Best FD Rates Here
- The highest interest rate offered on deposits for a one-year period is 7.75% by Yes Bank, while Bank of Baroda and Canara Bank offer the second highest at 6.85%.
- Fixed deposit rates vary across banks and also depend on the amounts and lock-in periods. Rates offered by top banks in India have some variations based on the time period.
- In the three-year category, Canara Bank offers the best interest rate of 7.3%. Yes Bank offers 7.25%, while Kotak Mahindra Bank and Bank of Baroda offer 7.15% on three-year deposits. The lowest rate of 7% is offered by HDFC Bank, ICICI Bank and PNB.
- In the five-year category, Canara Bank offer the highest interest rate at 7.4%. The second-highest offering for this time frame is by Yes Bank, which offers 7.25%. HDFC Bank, ICICI Bank and Kotak Mahindra Bank offer 7% interest. PNB offers 6.8% interest, and the lowest offering is by Bank of Baroda at 6.5%.
Bloomberg Quint | 5 Feb, 2025
Nifty Bank Prediction today – February 5, 2025: Index might moderate before a rally, buy on a dips
- The advance/decline ratio is currently at 8/4, a bullish indication.
- Canara Bank and Bank of Baroda are the top gainers in Bank Nifty.
- Nifty Bank futures are currently trading at 50,560, up 0.5%.
- Before a potential rally to 51,000, Nifty Bank futures might experience a corrective decline. Buying is recommended if the price dips to 50,400.
HinduBusinessLine | 5 Feb, 2025
Nifty Bank Prediction today – Feb 4, 2025: Index exhibits positive bias, buy futures on a breakout
- Nifty Bank futures opens higher at 49,702 with a positive bias.
- Top gainers in Bank Nifty are Canara Bank and Bank of Baroda.
- Nifty PSU Bank has gained 2.2%, outperforming Nifty Private Bank.
- Resistance for Nifty Bank futures is at 50,100, with targets at 51,000 and supports at 49,700 and 49,500.
HinduBusinessLine | 4 Feb, 2025
Canara Bank Share Price Target 2025, 2027, 2030, 2040
- Canara Bank, a listed banking company, is performing well on the stock exchanges with increasing demand for its shares. Its core field services are adding up to its profits, earnings, and revenues. The share prices are expected to grow throughout the years 2025 to 2030, according to various forecasts. Canara Bank's share price target is projected to be around 652.86 INR for 2025.
- The company's share price target for 2026 with month-wise projections is 704.68 INR, while for 2027, it is predicted to be around 751 INR. The projected share price target for 2028 is 808.3 INR, and for 2029, it's expected to stay around 860 INR. The share price target for 2030 is projected to be 918 INR, with minor fluctuations throughout.
- Canara Bank's shareholding pattern shows 62.93 percent held by Promoters, 12.75 percent by Retail and others, 11.21 percent by Foreign institutions, 7.89 percent by Other domestic institutions, and 5.21 percent by Mutual Funds.
- The competitors of Canara Bank include Union Bank of India, State Bank of India, HDFC Bank, ICICI Bank, and Bank of Baroda.
- However, stock market predictions are unpredictable, and these values are based on predictions and may not be accurate. Expert advice is strongly recommended before investing. The article also provides share price targets for other companies such as PNB, Yes Bank, Paytm, and BPCL, among others.
VIE Stories | 3 Feb, 2025
Canara Bank Conservative On Growth; Cuts FY26 Credit, NIM Guidance
- Canara Bank has cut its net interest margin for the March quarter to 2.8% from 2.9% due to tight liquidity conditions.
- The bank has curtailed its credit, deposit, and margin guidance for the next fiscal year.
- Canara Bank expects credit growth of 10% next year and net interest margins to remain around 2.75-2.8% in fiscal 2026.
- The bank focuses on retail term deposits and current account and savings account to address the high cost of deposits.
Bloomberg Quint | 28 Jan, 2025
Canara Bank’s net profit for Q3FY25 zooms by 12.25% at ₹4,014 crore
- Canara Bank's net profit for Q3FY25 increased by 12.25% to ₹4,014 crore.
- Operating profit rose by 15.15% to ₹7,837 crore on a YoY basis.
- Global deposits grew by 8.44% to ₹13,69,465 crore, while gross advances reached ₹10,49,706 crore, up by 10.45%.
- The bank achieved its targets in priority sector and agricultural credit, surpassing the prescribed norms.
HinduBusinessLine | 27 Jan, 2025
Canara Bank Q3 Results: Profit Rises 12%, Gross NPA Down
- Canara Bank reported a 12.3% growth in standalone net profit in Q3FY25.
- Gross non-performing assets declined to 3.34% from 3.73%.
- Net interest income fell 3% to Rs 9,149 crore.
- Domestic deposit stood at Rs 12.57 lakh crore as of December 2024.
Bloomberg Quint | 27 Jan, 2025
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Canara Bank Subsidiaries
Canara HSBC Life Insurance
3.7
• 1.9k reviews
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3.7
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4.0
• 28 reviews
Canara Robeco
3.6
• 25 reviews
Canbank Factors
4.0
• 3 reviews
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Canara Bank Offices
Compare Canara Bank with
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Central Bank of India
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Canara Bank FAQs
When was Canara Bank founded?
Canara Bank was founded in 1906. The company has been operating for 119 years primarily in the Banking sector.
Where is the Canara Bank headquarters located?
Canara Bank is headquartered in Bangalore/Bengaluru, Karnataka.
How many employees does Canara Bank have in India?
Canara Bank currently has more than 82,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Canara Bank based on the number of reviews submitted on AmbitionBox.
Does Canara Bank have good work-life balance?
Canara Bank has a work-life balance rating of 2.8 out of 5 based on 1,100+ employee reviews on AmbitionBox. 35% employees rated Canara Bank 3 or below for work-life balance. This rating reflects a negative sentiment among employees for work-life balance. We encourage you to read Canara Bank work-life balance reviews for more details
Is Canara Bank good for career growth?
Career growth at Canara Bank is rated as moderate, with a promotions and appraisal rating of 3.4. 35% employees rated Canara Bank 3 or below, while 65% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Canara Bank promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in Canara Bank?
Working at Canara Bank comes with several advantages and disadvantages. It is highly rated for job security. However, it is poorly rated for work life balance, work satisfaction and company culture, based on 1,100+ employee reviews on AmbitionBox.
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