Canara Bank is the leading lender to State PSUs and Corporations for the fifth consecutive year
Team Current Hunt
Canara Bank has once again emerged as the leading Public Sector Bank in lending to State-owned Corporations and Public Sector Undertakings (PSUs) for the fifth consecutive year.
Canara Bank’s lending to government-backed entities reached an impressive ₹187,813 crore during the financial year 2022-23 (FY23), the finance ministry revealed in response to questions raised by MP Velusamy P.
Canara Bank is a leading commercial bank in India. It was founded in India in 1906 by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist.
It is one of the oldest Indian Banks in India. As of 2013, Canara Bank has more than 3600 branches in India and other countries, with the maximum number of branches in Bangalore. Its head office is located in Bangalore.
Canara Bank set up its International Division in 1976 to oversee the functioning of its various overseas departments to give the necessary thrust to foreign exchange business, especially to cater to the needs of exports and non-resident Indians.
