Skip to content
Banking & Finance

Who Owns Canara Bank? Government of India, Syndicate Bank Merger & India’s 4th Largest PSU Bank (2026)

Last verified Jun 20, 2026 · sources cited at end of post
By 1 min read
Owner of Canara Bank -Wiki - Logo - profile
Owner of Canara Bank -Wiki - Logo - profile

Canara Bank is India’s fourth-largest public sector bank — a government-owned bank that absorbed Syndicate Bank in April 2020 as part of the Finance Ministry’s PSU bank consolidation. Founded in 1906 in Mangalore by Ammembal Subba Rao Pai, it is listed on BSE and NSE. Post-merger with Syndicate Bank, Canara Bank has over ₹21 lakh crore in business and 10,000+ branches.

Canara Bank — Key Facts (2026)
Founded1906 — Mangalore, Karnataka
FounderAmmembal Subba Rao Pai
OwnerGovernment of India ~62%
MD & CEOK Satyanarayana Raju
ListedBSE: 532483 | NSE: CANBK
AbsorbedSyndicate Bank — April 2020

Who Owns Canara Bank?

Canara Bank is owned by the Government of India with approximately 62% stake. Listed on BSE and NSE. In April 2020, Canara Bank absorbed Syndicate Bank (founded 1925, Karnataka) as part of the 10-bank PSU merger programme, making it one of India’s largest public sector banks. Official: canarabank.com.

1 comment

  1. To Whom so ever it may concern, I fail to understand as to why there is no mail id of any Officials of Canara Bank any where in the web site or in Google search. It is astonishing that such an old bank does not e-mail id but boasts of being the largest bank. How does one lodge a complaint on poor quality of services is a moot point. It may be one of the largest public sector bank but it does carry a poor record of customer care. May I request some one to provide the e-mail id of various Chief manager, Manger, AGM etc., of the CPPC of this great Bank please. I shall be ever greatfull for the same. Mob No:9886987997

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.