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)
| Founded | 1906 — Mangalore, Karnataka |
| Founder | Ammembal Subba Rao Pai |
| Owner | Government of India ~62% |
| MD & CEO | K Satyanarayana Raju |
| Listed | BSE: 532483 | NSE: CANBK |
| Absorbed | Syndicate 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.