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13.36%. Website. canarabank.com. Footnotes / references. [2] Canara Bank is an Indian public sector bank based in Bangalore, India. Established in 1906 at Mangalore by Ammembal Subba Rao Pai. The bank was nationalized in 1969. Canara Bank also has offices in London, Dubai and New York.
Notable work. Canara Bank founder. Ammembal Subba Rao Pai (19 November 1852 – 25 July 1909) was a leading lawyer of Mangalore, India. He was the founder of Canara Bank, now one of India's leading banks, and Canara High School in Mangalore. Though he was a lawyer and a banker by profession, he was an educationist and social reformer by ...
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. [1][2][3][4] The largest and the oldest bank which is still in existence is the State Bank of India (SBI).
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.
Kanara or Canara, also known as Karavali, is the historically significant stretch of land situated by the southwestern coast of India, alongside the Arabian Sea in the present-day Indian state of Karnataka. [1] The subregion comprises three civil districts, namely: Uttara Kannada, Udupi, and Dakshina Kannada. [2]
Syndicate Bank was one of the oldest major commercial banks in India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman Srinivas Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by ...
[19] [20] Their properties were subsequently taken over by their Hindu relatives, but the viceroy instructed his factor of Mangalore to get their property restored. [20] [21] In 1534 Canara was placed under the ecclesiastic jurisdiction of the Bishop of Goa, where the Portuguese had a strong presence. Missionaries soon arrived and gained converts.
Bukka Raya I (reigned 1356–1377 CE) was an emperor of the Vijayanagara Empire from the Sangama Dynasty. [4][5] He was a son of Bhavana Sangama, [5] the chieftain of a cowherd pastoralist community, Yadava people of Golla (kuruba)descent. [6] The first Bahmani-Vijayanagar War occurred during the reign of Bukka Raya I, in which he was besieged ...