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Canara Bank

BSE: 532483|NSE: CANBK|ISIN: INE476A01014|SECTOR: Banks - Public Sector
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Chairman's Speech (Canara Bank) Year : Mar '16
Dear Shareholder,
 
 It gives us immense pleasure to reach you as our esteemed Shareholder
 of our Bank. It is with the support and help of people like you, (y)our
 bank has been growing steadily day by day with strong basics.
 
 You are kindly aware that holding of shares only in DEMAT form is a
 must for trading or pledging the same. Further, it is necessary to have
 a DEMAT Account with any of the Depository Participant (DP) for trading
 the shares in the DEMAT form. We, as one of the Depository
 Participants, are glad to extend the Depository Services also.
 
 There are many advantages of holding shares in DEMAT mode Account. Some
 of the advantages are :
 
 - Shares are held in DEMAT form (ie., electronically)
 
 - No need to safe keep of share certificates
 
 - Elimination of risks associated with physical certificates such as
 bad delivery, possibility of interception in transit / loss /
 mutilation, etc.,
 
 - Immediate transfer of securities ie., instant transfers / deliveries
 of shares / securities
 
 - No stamp duty on transfer of securities
 
 - No paper work on share transfer
 
 - Reduced transaction cost
 
 - Nomination facility is available
 
 - No need to remember the records dates of various companies
 
 - Dividend will be automatically credited to your Bank account through
 ECS process
 
 Further, the following are some of the advantages of Online Trading :
 
 Online trading in Equity and Equity/Currency derivatives.
 
 Buy and Sell shares at your will through Internet / Toll free
 
 telephone
 
 Online subscription to Initial Public Offer (IPO) Online subscription
 to Mutual Funds (MF) Competitive brokerage options
 
 It is observed from our records that you are still holding the bank''s
 shares in physical form. Hence, we once again take this opportunity to
 extend to you our services for opening the Demat Account / Online
 Trading Account.
 
 A list of Designated Branches for Depository Services is attached for
 your information. You may approach any of these branches for the
 purpose of opening of your valuable Demat Account / Online Trading
 Account.
 
 Equally important aspect is that receiving the returns on your
 investment. For ensuring the timely credit of the dividends declared,
 it is a novel idea to have the Electronic Clearing Service (ECS) which
 indeed helps you to get the dividend amount credited to your bank
 account directly without any hassles. In case you have not opted for
 the said service, you may avail the services of ECS Mandate, which is
 extended simultaneously by the Depository Participant while opening the
 Demat Account.
 
 Thanking you and assuring you of our best services always Yours
 sincerely,
 
 Rakesh Sharma
 
 Managing Director & CEO
Source : Dion Global Solutions Limited
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