The Bank is a Government of India undertaking, and carries on all
 banking business. The Bank was brought into existence by an ordinance
 passed on the 19th July 1969 by the Central Government. In terms of
 the ordinance the undertaking of the Canara Bank Ltd was vested to
 and
 transferred to the new bank. This ordinance was replaced by the
 Banking Companies (Acquisition and Transfer of Undertaking) Act,
 1969. This Act was declared null & void by the Supreme Court on the
 10th of February 1970 and subsequently the Ordinance was promulgated.
 Then the Banking Companies(Acquisition and Transfer of Undertaking)
 Act, 1970 was passed and it was made effective retrospectively from
 19th July 1969.
 
 2000 - Canara Bank became the first public sector bank to join the
              MasterCard ATM network.
 
            - Canara Bank has launched its gold deposit scheme in
 Bangalore,
              offering 3-3.5 per cent interest on the deposits.
 
            - The Canara Bank and Bank of India have envinced interest
 to
               provide loan to the Rs 6,500 crore joint venture Bharat
 Oman
               Refineries project in Madhya Pradesh.
 
            - Public Sector Canara Bank has hiked prime lending rate
 and MTLR
               to 12.25 per cent from 11.75 per cent and 12 per cent
               respectively with effect from 10th August.
 
            - The Bank came up with a vanilla bonds issue of Rs 300
 crore to
               increase the tier-II capital before september 30.
 
            - Bangalore - based Canara Bank has set up four corporate
 service branches
               in Bangalore, Mumbai, Delhi and Chennai and is likely
 to covert more branches
               for specialised services.
  
            - Canara Bank, the 100 per cent government-owned public
 sector bank will be 
               roping in an overseas joint venture partner for its
 mutual fund subsidiary in the
               next three months.
 
            - Canara Bank has entered into an agreement with the Al
 Mirza group in Oman for
              opening an exchange house that will be managed by
 officers deputed by the bank.
 
            - Canara Bank will introduce its voluntary retirement
 scheme on January 1, 2001.
 
            - Canbank Factors Ltd., a subsidiary of Canara Bank, has
 launched its export-factoring
               activity and has appointed GE Capital International
 Finance, SPA as is import factor.
 
 2001 - Canbank Factors Ltd., a subsidiary of Canara Bank, has opened
 its eighth branch in
              New Delhi.
 
           - The Public Sector Canara Bank has entered into an
 arrangement with the Infrastructure
              Development Finance Company for financing core sector
 projects.
 
           - Canara Bank has named RV Shastri as its new chairman and
 Managing Director.
 
 2002
 
 -Drops plan to bring in a joint venture partner in its proposed
 credit card subsidiary
 
 -Canbank Computer Services Ltd, a subsidiary of Canara Bank, awarded
 the revised ISO certification, ISO 9001:2000, by BVQI 
 
 -Launches Laghu Udhyami Credit Card to give its small borrowers
 credit facilities
 
 -Reduces interest rates on NRE and domestic term deposits
 
 -Launches 3 ATMs at Nanganallur, Annanagar and Valmikinagar of Tamil
 Nadu
 
 -Reduces interest on housing loan
 
 -Slashes Prime Lending Rate to 11.5% from 11.75%
 
 -Eight Regional Rural Banks (RRBs) sponsored by Canara Bank report
 total business of Rs 4,030 crore
 
 -Hands over dividend of Rs 80 crore to the Union Government
 
 -Reduces its equity capital to Rs 300 crore
 
 -Returns 48 per cent (Rs 277.87 crore) of its capital of Rs 577.87
 crore to Central Government
 
 -Launches 'Anywhere Banking' facility in Hyderabad making it the
 fifth city in the country to have 
 the facility in addition to Bangalore, Mumbai, Delhi, Kolkata &
 Chennai
 
 -Comes out with public issue of 110,000,000 equity shares of Rs 10
 each at a premium of Rs 25 per share aggregating Rs 385 crore
 
 2003
 
 -SBI and Canara Bank tie up to kick off full fledged operations in
 Moscow
 
 -Launches a new credit scheme to encourage solar home lighting
 systems in Karnataka with assistance from the United Nations
 Environment Programme (UNEP)
 
 -Ties up with Aviva Life Insurance Company to act as Corporate Agent
 for selling the Life Insurance products of AVIVA without risk
 participation
 
 -Aviva Life Insurance launches sale of its products through Canara
 Bank
 
 -Issues Tier II Capital (Unsecured Redeemable Non-Convertible
 Subordinated Bonds) aggregating Rs 400 crore
 
 -Launches a floating rate deposit scheme (FRDS) for high networth
 individuals
 
 -Raises Rs 500 cr via Tier II bonds
 
 -Strikes a structured deal with Central Board of Trustees (CBoT) to
 privately place its tier-2 bond issue for Rs 250 crore at 7.25 per
 cent
 
 -Canara Bank Regional Rural Banks witness 16 % growth for 2002-03
 
 -Adds seven more ATMs in Kerala
 
 -Tops the recovery list of Non Performing Assets (NPA) among
 nationalised banks
 
 -Reduces interest rates by 2 pc for SSI loans
 
 -Ties up with Mahindra & Mahindra for tractor financing
 
 -Canara Bank, Central Bank of India (CBI), Indian Overseas Bank
 (IOB), UCO Bank and Union Bank of India (UBI) form an alliance to
 launch  `Cash Online' ATM network
 
 -Eicher Tractors sign MoU with Canara Bank for providing financing
 solution to farmers buying Eicher Tractors and other farm implements
 
 -- Canara Bank along withCentral Bank of India (CBI) , Indian
 Overseas Bank (IOB), UCO Bank and Union Bank of India (UBI) have
 formed an alliance to launch  `Cash Online' ATM network
 
 -Canara Bank has signed a memorandum of understanding (MoU) with the
 Small Industries Development Bank of India (SIDBI) for co-financing
 small-scale industries, service sector and for undertaking related
 infrastructure projects. 
 
 -Canara Bank unveils special loan scheme for women
 
 -Canara Bank raises Rs.250 crore Tier-II capital
 
 2004
 
 -Central Government nominates Smt Supriya Pattnaik, General Manager,
 Reserve Bank of India, as a Director on the Board of Directors of the
 Bank with immediate effect in place of Shri C S Murthy
 
 -Canara Bank & Bank of India acquire 4% stake in Mercator Lines
 
 -Canara Bank enters into strategic tie-up with Western Union and its
 primary agent AFL WIZ
 
 -Introduces a loan scheme for individuals to subscribe to initial
 public offers at five cities - Bangalore, Chennai, Kolkata, Delhi and
 Mumbai - with an aim to cater to the needs of retail investors
 
 -Canara Bank opens its first Mahila Banking Branch in Kerala
 
 -Canara Bank  announced the launch of `E-kisan credit card', an ATM
 enabled card for farmers
 
 -Canara Bank has launched a loan scheme for the medical fraternity -
 Doctor's Choice - in Bangalore
 
 - Canara Bank unveils 2 new ATMs in Thiruvananthapuram
 
 - Canara Bank ties up with BAL for auto finance
 
 -Canara Bank unveils new ATM in Hayatnagar
 
 -Canara Bank unveils new branch in Udupi
 
 - Canara Bank signs a Memorandum of Understanding (MoU) with M/s
 Tractor & Farm Equipment Manufacturers Ltd (TAFE).
 
 -Canara Bank has announced the launch of a housing loan scheme
 designed exclusively for the employees of the Kerala Water Authority
 (KWA)
 
 -Canara Bank has entered into a franchise agreement with Western
 Union Financial Services for money transfer facility
 
 -Canara Bank has launched a 'gold card' scheme for exporters, under
 which it will offer a three-year credit period with an automatic
 renewal clause, and with competitive interest and charges
 
 -Canara Bank, one of the premier Banks in the country has signed a
 Memorandum of Understanding (MoU) with M/s Kerala Agro Machinery
 Corporation Limited (KAMCO), one of the largest manufacturers of
 power tillers
 
 -Canara Bank, one of the premier Banks in the country has signed a
 Memorandum of Understanding (MoU) with M/s Plastro Plasson Industries
 (India) Ltd, one of the leading Companies which specializes in
 manufacturing of micro-irrigation equipments and also undertakes
 projects on turnkey basis, for financing of micro-irrigation
 equipments to farmers
 
 -Canara Bank and HDFC Mutual Fund on August 12 signed an agreement
 for the bank to distribute HDFC's MF products through its network
 
 -Canara Bank has informed that the Bank vide agreement dated August
 12, 2004 with HDFC Asset Management Company Ltd has entered into a
 strategic alliance for cross selling of the schemes/products of HDFC
 Mutual Fund, launched from time to time
 
 -Canara Bank, TVS Motor rolls out TVS Canmobile
 
 -Canara Bank forges alliance with New Holland Tractors
 
 -Al Razouki partners with Canara Bank
 
 -Canara Bank launches new schemes 'Cantravel', 'Cantech'
 
 -Canara Bank signs agreement with Russian Bank
 
 2005
 
 - On January 3, 2004, launches multi-point interactive video
 conferencing as a means to review the performances of its circles
 from its headquarters in Bangalore.
 
 -Canara Bank inks bancassurance pact with United India Insurance Co
 Ltd (UIICL).
 
 -Canara Bank signs MoU with NCMSL
 
 -Canfin Homes launches three new loan products
 
 -Canara Bank appoints Shri M B N Rao as Chairman & Managing Director
 (CMD) up to June 30, 2008
 
 -Canara Bank sets up ATM
 
 -Canara Bank begins operation in Shanghai on August 08,2005.
 
 -Canara Bank tied up with i-flex Solutions for core-banking project
 and IBM will be the systems integration partner.
 
 -Canara Bank joins hand with Dakshina Kannada milk co-op
 
 2006
 
 -Canara Bank has signed a memorandum of understanding (MoU) with Tata
 BP Solar India Ltd, to extend a soft loan for the purchase of water
 heaters
 
 -Canara Bank has informed that in exercise of the powers conferred by
 clause (b) of sub-section (3) of section 9 of the Banking Companies
 (Acquisition and transfer of Undertakings) Act, 1970 / 1980 read with
 sub clause (1) of clause 3 of the Nationalized Banks (Management and
 Miscellaneous Provisions) Scheme, 1970 / 1980, the Central
 Government, nominated Shri Amitabh Verma, Joint Secretary (BOA),
 Ministry of Finance Banking Division, as a Director of the Bank in
 the place of Shri G C Chaturvedi, vide notification Dated October 31,
 2006, with immediate effect and until further orders.
 
 -Retained Number One Position in Aggregate Business among
 Nationalized Banks. 
 -Signed MoUs for Commissioning Two JVs in Insurance and Asset
 Management with international majors viz., HSBC 
 -(Asia Pacific) Holding and Robeco Groep N.V respectively
 
 
 2007
 
 - Canara Bank has inked a memorandum of understanding with the ICRA
 Ltd for credit rating small and medium enterprises. The MoU will
 facilitate extending comprehensive rating services to all the bank's
 SME customers. This was especially since Canara Bank was aiming to
 expand its advances to the sector.
 
 -Canara Bank has appointed Shri. Alok Kumar Misra, Executive Director
 of the Bank as Chairman & Managing Director of Oriental Bank of
 Commerce by the Government of India, Ministry of Finance, Department
 of Economic Affairs, Banking Division, vide its Notification dated
 June 04, 2007.
 
 - Canara Bank has appointed Shri D L Rawal, General Manager, Punjab
 National Bank, as a whole time director (designated as the Executive
 Director) of the Bank from the date of his taking charge i.e. from
 June 06, 2007 and until further orders or till the date of his
 superannuation i.e. upto October 31, 2011, vide notification dated
 June 06, 2007.
 
 - Canara Bank has rolled out two new schemes for their High Networth
 Individuals - SB Gold (Savings Bank) and Can-Premium Current Account.
 The schemes offer various services like free debit and credit cards,
 anywhere banking facility, internet and mobile banking facility with
 free funds transfer, telebanking and issue of demand drafts at
 concessional charges, among others.  SB Gold scheme, which was first
 launched in Bangalore last year, has been extended to the bank's
 customers across the country.  
 
 - Canara Bank, HSBC Insurance (Asia-Pacific) Holdings and Oriental
 Bank of Commerce have formally signed agreement to jointly establish
 life insurance company in India.
 
 - Canara Bank announced a 0.50 per cent cut in floating interest
 rates on home loans, indicating easing cost of funds that prompted
 segment leader HDFC too to rollback rates last week.
 
 2008
 
 - Canara Bank has informed that in exercise of the powers conferred
 by clause (e) Sub-Section 3 of Section 9 of the Banking Companies
 (Acquisition and Transfer of Undertakings) Act, 1970, read with sub-
 clause (2)(a) of clause 9 of the Nationalized Banks (Management and
 Miscellaneous Provisions) Scheme, 1970, the Central Government has
 appointed Shri. Devender Dass Rustagi, Special Assistant, Canara
 Bank, Recovery Section, Circle Office, Nehru Place, New Delhi as
 Workmen Employee Director on the Board of Directors of Canara Bank,
 vide Notification dated September 15, 2008, for a period of three
 years from the date of Notification or until further orders whichever
 is earlier.
 
 -The Bank crossed the coveted Rs. 3 lakh crore in aggregate business
 
 -The Bank’s 3rd foreign branch at Shanghai commissioned 
 
 
 2009
 
 - Canara Bank has appointed Shri. Jagdish Pai K L, General Manager,
 Bank of India as a whole time director (designated as Executive
 Director) of Canara Bank with effect from the date of his taking over
 charge and up to June 30, 2011 i.e. the date of his superannuation or
 until further orders, whichever is earlier, vide notification dated
 February 04, 2009.
 
 - Canara Bank has entered into an alliance with Hyundai Motor India
 Ltd to finance the passenger vehicles manufactured by the company.
 The bank will extend the finance facility to the buyers through its
 branches across the country as well as through the 251 Hyundai
 dealers.
 
 - Canara Bank has informed BSE that in exercise of the powers
 conferred by clause (a) of sub-section (3) of section 9 of the
 Banking Companies (Acquisition and Transfer of Undertakings) Act,
 1970/1980, read with sub-clause (1) of clause 3, sub-clause (1)
 clause 8 of the Nationalized Banks (Management and Miscellaneous
 Provisions) Scheme, 1970/1980, the Central Government, after
 consultation with the Reserve Bank of India, has appoints Shri. H S U
 Kamath, General Manager Union Bank of India as a whole time director
 (designated as Executive Director) of Canara Bank with effect from
 the date of his taking over charge and up to December 31, 2013 i.e.,
 the date of his superannuation or until further orders, whichever is
 earlier, vide notification dated March 26, 2009.

He has taken
 charge as Executive Director of the Bank w.e.f. March 26, 2009.
 
 - Canara Bank has has appointed the following six audit firms as
 Statutory Central Auditors of the Bank for the year 2009-10:
 1. M/s. M Anandam & Co., Chartered Accountants, Secunderabad.2. M/s.
 N Sankaran & Co., Chartered Accountants, Chennai.3. M/s. S Bhandari &
 Co., Chartered Accountants, Jaipur.4. M/s. Manubhai & Co., Chartered
 Accountants, Ahmedabad.5. M/s. R K Kumar & Co., Chartered
 Accountants, Chennai.6. M/s. Nandy Halders & Ganguly, Chartered
 Accountants, Kolkata.Out of the above, the first two firms are
 continuing Statutory Central Auditors, while the remaining firms have
 been appointed in place of M/s. S N Mukherji & Co.,, M/s. De
 Chakraborty & Sen, M/s. Satyanarayana & Co., and M/s. Parakh & Co.,
 who have completed their term.
 
 2010
 
 - Canara Bank has nominated Shri Khalid Luqman Bilgrami as part-time
 non-official Director under Chartered Accountant category, on the
 Board of Directors of Canara Bank.
 
 
 2011
 
 -Canara Bank Q4 net up 79% at Rs 898 cr
 
 -Canara Bank raises $350 mn via bonds(India’s state-owned
 Canara Bank on March 3 priced its inaugural senior international bond
 transaction amounting to USD350 million, taking advantage of a window
 of opportunity).
 
 -Canara Bank raises Rs 2,000 cr in share sale
 
 2012
 
 -Total number of branches reached 3600. The Bank’s 5th foreign branch
 at Manama, Bahrain opened. 
 
 -The total business of the Bank stood at 552513 crore.
 
 2013
 
 -Canara Bank inks MoU with United India Insurance
 
 -Canara Bank to open new branch in New York
 
 -Canara Bank ties up with Apollo Munich
 
 2014
 
 -Canara Bank to open 38 branches in Jammu & Kashmir
 
 -Canara Bank to open branch in New York
 
 -Canara Bank inks MoU with Three Wheels United India
 
 2015
 
 -Canara Bank bags 3 MSME awards
 
 2016
 -Canara Bank gets Carbon Offset Certificate from Micro Energy
 Credits, USA 
 -Canara Bank launches UPI mobile app.
 
 2017
 
 - Canara Bank said that it has diluted it's 13.45 per cent stake
 in Can Fin Homes Ltd to Caladium Investment for Rs 753.77 crore.
 
 -Canara Bank to raise Rs 6,300 cr through securities
 
 -Canara Bank has decided to sell nearly 9 per cent stake in the
 credit ratings firm CARE Ltd that could fetch it over Rs 393 crore.
 
 -Canara Bank raises USD 400 mn via senior unsecured bonds
 
 -Canara Bank to raise up to Rs 3,500 cr through QIP
 
 2018
 
 -Canara Bank has informed that Allotment of 13,59,54,616 Equity
 Shares to the Government of India on Preferential Basis
 
 -Canara Bank to raise Rs 4.5 bn via stake sale in Canbank Facto
 
 
 2019
 
 -Canara Bank has informed that  Amalgamation/Merger - In-Principle
 Approval of Alternate Mechanism (AM) to proposed amalgamation of
 Syndicate Bank into Canara Bank
 
 2020
 
 -Canara Bank raises Rs 1,012 cr by issuing Basel III bonds