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Canara Bank is the fourth largest Public sector bank after SBI ,PNB & BOB .Pre dominantly a South India based bank ,the bank is known for its Strong business base in South India with main focus on Gold & Agri Loans. It is the second largest Gold Loan portfolio based bank after SBI .Canara Bank was founded in 1906 in Mangalore. Its segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations and Other Banking Operations. It has completed over a century in the industry and occupies a premier position in the comity of Indian banks.
India Ratings & Research affirmed Canara Bank's Issuer Rating, Infrastructure Bonds (INR 10,000 Cr), and Basel III Tier 2 Instruments (INR 9,500 Cr) at 'IND AAA/Stable'. New Basel III AT1 Bonds (INR 4,500 Cr) were assigned 'IND AA+/Stable', with existing AT1 Bonds (INR 12,000 Cr) reaffirmed at the same rating,...