Canara Bank was founded in Mangalore (India). In 1969 Canara Bank was nationalized by the Indian government. In India Canara Bank operates as a universal bank offering retail, private, corporate and investment banking as well as asset management solutions. In 1983, Canara Bank opened ist office in London. Canara Bank (London) offers current accounts, term deposits, remittances and corporate banking services. In January 2020, Canada Bank was merged with Syndicate Bank.
Canara Bank is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Baa3 (lower medium grade).
Canara Bank participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Canara Bank is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.
Canara Bank is headquartered in London.
Canara Bank is authorized and supervised by the Financial Conduct Authority (reference number 204642).