What is the old name of Canara Bank?
Canara Bank, a premier public sector banking institution in India, was originally founded in the coastal city of Mangalore by the visionary philanthropist Ammembal Subba Rao Pai under the original name Canara Bank Limited. Established initially as a mutual benefit fund before evolving into a scheduled commercial bank, the institution expanded its branch network nationwide and played a pivotal role in promoting financial inclusion. Following nationwide policy directives and the eventual nationalization of major commercial banks by the government, the word Limited was dropped from its official statutory title to create the current corporate designation. Over the decades, the bank further strengthened its market standing by absorbing other regional institutions, such as Syndicate Bank, while retaining its historic identity rooted in the Kanara region.
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