Canara Bank

Region: 
Private: 
Public: 
Ticker: 
CBK IN
Market cap: 
$165,947 million
Country of incorporation: 
India
Industry: 
Financials
Description: 

Canara Bank Ltd. provides a full range of banking services throughout India. The Group's activities include retail banking, commercial and personal banking, investment management, treasury & NRI services, cash management and assorted ATM facilities.1

  1. 1. http://www.bloomberg.com/apps/quote?ticker=CBK%3AIN
Positive Impact – Doing: 

1. Each of Canara's Bank's 47,000 employees donates three rupees per month to a social cause of their choice - Rs 16.9 lakh (equivalent to 35,722USD) annually. And that's outside of what the bank spends on CSR annually: roughly Rs 10 crore(equivalent to 2,113,718USD) or 1% of its profits.1
2. Canara Bank sponsored a Retail Mobile Marketing Van for Display cum Sale of House hold products, articles made by Self - Help Groups, Small women entrepreneurs, Artisans, Self Employed women etc. This van is custom built high tech, solar powered, equipped with computerized billing, swiping machine for credit/debit card acceptance. This marketing van will be stationed in important locations of Bangalore to enable the citizens of the city to see and purchase the products manufactured by artisans and other underprivileged women entrepreneurs.2
3. Canara Bank, Mumbai has joined hands with Smile Foundation by supporting health camps under ‘Health with Smile’ programme. The programme extends medical and health care support to poor and needy population residing in slums and JJ clusters who cannot afford it otherwise.3
4. Canara Bank established a Centre for Entrepreneurship Development for Women in 1988 at their Head Office in Bangalore. As of now there are 30 of these Centres across India. These Centres cater to the needs of the women by providing counselling services, conducting entrepreneurship development/skill training programmes, conducting seminars and providing marketing support by organizing exhibitions like Canutsav/Canmela/Canbazar.4

  1. 1. http://www.karmayog.org/csr500companies/csr500companies_7556.htm
  2. 2. http://www.canarabank.com/English/Scripts/RuralDevelopmentSchemes.aspx
  3. 3. http://www.smilefoundationindia.org/w_e_dharavi_health_camp.htm
  4. 4. http://www.karmayog.org/csr2009/csrdetails.aspx?id=592
Positive Impact – Talking: 

1. Canara Bank pioneered an innovative scheme called Rural Service Volunteers in the year 1982. Under the scheme, the Bank provides an opportunity to willing and interested workmen staff to work for rural development on full time basis, for a minimum period of 2 years. The scheme aims at bringing total transformation in socio-economic fronts of 2-3 selected backward villages, through co-ordinated approach.1
2. Rural clinic service is a novel and unique rural health service scheme in vogue in our Bank since 1983.2 Canara Bank has been championing the perpetutation of those twin objectives of their scheme. This is done in order to provide medical facilities to backward villages not having access to basic medical care and to provide self-employment opportunities amongst unemployed doctors to set-up their clinics in the remote backward villages. This scheme helps to provide opportunities to qualified doctors in Allopathy/ Homeopathy/ Ayurveda or any such other discipline of medicine recognized by the State or Central Government/Universities recognised by All India Medical Council/Board of respective disciplines.

  1. 1. http://www.canarabank.com/English/Scripts/RuralDevelopmentSchemes.aspx
  2. 2. http://www.canarabank.com/English/Scripts/RuralDevelopmentSchemes.aspx
Controversy: 
Notes: 

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