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Canara Bank
3.4
based on 1.2k Reviews
Video summary
Company Overview
Associated Companies
Company Locations
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
98% employees reported
Monday to Saturday
43% 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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View in video summary
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
511
4
258
3
174
2
76
1
160
Category Ratings
4.2
Job security
3.5
Salary
3.4
Promotions
3.2
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 1.1k reviews
3.5
Rated by 221 Women
Rated 4.2 for Job security and 3.6 for Salary
3.4
Rated by 845 Men
Rated 4.2 for Job security and 3.5 for Salary
Work Policy at Canara Bank
based on 124 reviews in last 6 months
Work from office
98%
Hybrid
2%
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 | 4.0/5 based on 38.7k reviews | 3.9/5 based on 40.4k reviews | 3.8/5 based on 26k reviews |
Highly Rated for | Job security | Job security Skill development Company culture | Job security Skill development | No highly rated category |
Critically Rated for | Work-life balance Company culture Work satisfaction | No critically rated category | Promotions | Promotions |
Primary Work Policy | Work from office 98% employees reported | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 79% employees reported |
Rating by Women Employees | 3.5 Good rated by 221 women | 3.9 Good rated by 10.3k women | 3.7 Good rated by 8.5k women | 3.6 Good rated by 5.6k women |
Rating by Men Employees | 3.4 Average rated by 845 men | 4.0 Good rated by 26.7k men | 3.9 Good rated by 29.9k men | 3.8 Good rated by 19.2k men |
Job security | 4.2 Good | 4.1 Good | 4.0 Good | 3.7 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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₹6 L/yr - ₹18.4 L/yr
Chief Manager
(150 salaries)
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₹13.1 L/yr - ₹45 L/yr
Branch Manager
(127 salaries)
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₹6 L/yr - ₹21 L/yr
Divisional Manager
(79 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
(40 salaries)
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₹4 L/yr - ₹15 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
Business Analyst
(36 salaries)
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₹11 L/yr - ₹22 L/yr
Canara Bank Jobs
Popular Designations Canara Bank Hires for
Personal Relationship Manager
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Relationship Manager
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Canara Bank News
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Nifty Bank Prediction today – Mar 21, 2025: Index retains bullish bias
- The advance/decline ratio stands at 10/2, indicating a positive bias.
- Canara Bank is the top gainer, up 1.3%, while IndusInd Bank is the top loser, down 0.4%.
- Nifty Bank futures opened lower but is currently trading at 50,250, up 0.3%.
- With a key support at 50,000, Nifty Bank futures retains a bullish inclination and may rally to 51,000.
HinduBusinessLine | 21 Mar, 2025
PC Jeweller Share Price Rises 6% As Company Set To Raise Funds To Clear Debt
- PC Jeweller share price rose 6% as the company plans to raise funds to clear the outstanding debt of Rs 1,510 crore.
- The company will allot shares on a preferential basis and will issue 51.71 crore shares at an issue price of Rs 29.20 apiece.
- The shares will be allotted to a consortium of lenders, including State Bank of India, Canara Bank, Punjab National Bank, Axis Bank, IndusInd Bank, and Kotak Mahindra Bank.
- PC Jeweller share price rose 6.05% to Rs 14.20 apiece and continued its rally after reversing losses from the previous session.
Bloomberg Quint | 18 Mar, 2025
Canara Bank Reduces Lending Rates For Overnight, Two-Year, Three-Year Periods
- Canara Bank has reduced its marginal cost of funds-based lending rate for customers with effect from Wednesday for overnight, two-year and three-year tenors.
- The MCLR is the minimum interest rate that a bank can lend at, and is an internal benchmark based on the bank's cost of funds.
- The overnight MCLR has been revised to 8.30% from the existing rate of 8.35%. The bank has decreased the rate for a two-year loan from 9.35% to 9.25%.
- The bank decreased the rate for the three-year loan from 9.45% to 9.30%. Rates for one-month, three-month, six-month, and one-year tenors remain unchanged.
Bloomberg Quint | 11 Mar, 2025
BAGIC: Omni-channel now; Aiming for omni-presence
- Bajaj Allianz General Insurance maintains a well-balanced product portfolio, with health being the largest line of business.
- BAGIC has partnerships with over 130 banks and is expanding into tier 2 & 3 locations to ensure nationwide coverage.
- Leading bancassurance partners include Canara Bank, HDFC Bank, Axis Bank, and HSBC among others.
- BAGIC's leading customer acquisition channels are retail and advisor driven, followed by bancassurance and direct-to-customer channels.
- The company is implementing government schemes including Ayushman Bharat Yojana and Cashless Treatment to Road Accident Victims.
Banking Frontiers | 7 Mar, 2025
Buy, Sell Or Hold: Titan, TCS, Canara Bank, Zomato, IRFC, Container Corp — Ask Profit
- Analysts shared insights on the share prices of Titan, TCS, Canara Bank, Zomato, IRFC, and Container Corp.
- Senior Vice President of Retail Research at Religare Broking recommends buying shares of Titan Co. and Tata Consultancy Services (TCS).
- Hold recommendations are given for Zomato and GlaxoSmithKline Pharmaceuticals.
- Sell recommendations are given for Container Corp, Samvardhana Motherson International, and Canara Bank.
Bloomberg Quint | 5 Mar, 2025
Nifty Bank Prediction today – Feb 27, 2025: Index trading at a resistance level
- The Nifty Bank index is currently trading at a resistance level.
- The advance/decline ratio for the index is 8/4, indicating a bullish bias.
- AU Small Finance Bank is the top gainer, up 4.5%, while Canara Bank is the top loser, down 0.7%.
- Nifty Bank futures face a barrier at 49,000, and if breached, may extend the upswing to 49,200 and 49,500. On the downside, it can drop to 48,500 and 48,350.
HinduBusinessLine | 27 Feb, 2025
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
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Canara Bank Subsidiaries
Canara HSBC Life Insurance
3.7
• 1.9k reviews
Canbank Computer Services
3.7
• 35 reviews
Karnataka Gramin Bank
3.7
• 31 reviews
Canara Bank Securities
4.1
• 29 reviews
Canara Robeco
3.7
• 26 reviews
Canbank Factors
4.0
• 3 reviews
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Canara Bank Offices
Compare Canara Bank with
Kotak Mahindra Bank
3.7
AU Small Finance Bank
4.2
IndusInd Bank
3.5
IDFC FIRST Bank
3.9
Yes Bank
3.7
Jana Small Finance Bank
3.8
Equitas Small Finance Bank
4.5
Standard Chartered
3.7
State Bank of India
3.8
Bank of America
4.2
NatWest Group
4.0
Barclays
3.8
Bank of Baroda
3.6
IDBI Bank
3.5
Punjab National Bank
4.0
Bank of India
3.8
Union Bank of India
3.9
Central Bank of India
3.9
NatWest Markets
3.8
Royal Bank of Scotland International
4.2
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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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