Canara Bank is the Indian Bank that is under the control of the government of India. The headquarter of the bank is in Bengaluru. In 1906, the bank was established by Ammembal Subba Rao Pai and later in 1969 took directly under the control of the government. THE recent CEO of Canara Bank is Lingam Venkat Prabhakar.
A large number of people are switching to digital transactions because they find it is easy to access online, and it’s not time-consuming; it is very rapid and is direct to the person’s account or whom we want to transfer the money. Nowadays, mobile banking options are also available to the peoples through application payment whether you are busy in your work. These are digital modes of transactions; various applications are available like Paytm, Google pay, Phone pay, Amazon payments, and many more services are provided to the people.
Canara Bank Net Banking
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The main aim and objective of Canara Bank netbanking were to attain a good brand image and contribute to the economic improvement of the country. and also to provide a good environment with the systematic statics and rules and regulations of the bank.
Net Banking Services
As Indian government has initiated the policy of Digital India to make the use of digital payments by the people.
Importantly, you need to have your account in Canara Bank for its NetBanking services; you will be provided with a debit card, Canara Bank account number, registered mobile number, registered e-mail ID, customer ID.
Step1- Go to the website www.Canara bank.in/. Of Canara Bank and click the NetBanking option.
Step2– click ‘Registration.‘
Step3– you will see terms and conditions; click on’ I agree.’
Step4– enter your correct details, press OK.
Step5– you will get an OTP number on your registered mobile number for verification.
Step6– write the OTP number and click on the ‘submit button.
You will be done with your registration.
Canara bank services-
Call on toll-free number-1800 425 0018, 1800 103 0018 for credit card support 180 0425 2470
Canara Bank has call centres on which thousands of people are working for their customer care 24X7. Customers can clear any query related to the products services provided by the Canara Bank.
NEFT – no limit
RTGS- minimum limit 2.5 lakhs
CanaraBank has its various branches in rural as well as urban cities of India. Karnataka has numerous branches with the name of Grameen banks.
There is an 11 digit number which is called as IFSC code, the first four letters are CNRB, and the last 6 digits will represent the branch code of the bank.
Controversies related to Canara Bank-
The Bangalore Canara Bank was declared a fraud bank and was a complaint to the Reserve Bank of India on 10 February 2020. This bank has already become a defaulter in 2018. CBI Central Bureau of investigation had taken the case under them and alleged that due to directors misguided regarding loan which lead to the loss.
Initiated programs by the bank-
The CanaraBank has merged with UNEP for the solar power project, which will provide solar power electricity to south India. And it is a good initiative that will help the company create its good image even after suffering from huge loss.
Merger banks with Canara-
On 30th August 2019, our finance minister, Nirmala Sitharaman, announced the merger of Syndicate Bank with Canara Bank, making it the 4th largest Indian Bank in India.
2) Consumer banking
3) commercial banking
4) Retail banking
5) Private banking
6) Assest management
9) Credit card
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Canara Bank is India’s fourth-largest bank. Overall performance of CanaraBank is satisfactory in financial terms; hence the bank has increased its income. Fixed deposit and current accounts have increased, but of the bank is not so satisfactory.