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Canara Bank is a public sector bank in India, founded in 1906 and nationalized in 1969. It has 9,518 branches and 13,423+ ATMs in India and overseas, and offers various financial services and products.
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In the fiscal year 2005-06, Canara Bank became India's second-largest public sector bank in terms of advances and deposits. The bank changed its name to Canara Bank Limited in 1910 when it incorporated. [5] In 2002-03, the bank went in for its Initial Public Offer and raised Rs.110 crores. [2] The India government holds a 73% stake in Canara Bank.
Ammembal Subba Rao Pai was a lawyer, banker and educationist from Mangalore, India. He founded Canara Bank, Canara High School and Canara Girls' School, and was a social reformer and nationalist.
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Syndicate Bank was a public sector bank in India, founded in 1925 and nationalised in 1969. It was known for its grassroots banking and rural finance, and was merged with Canara Bank in 2020.
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