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Canara Bank
The Canara Bank is almost a century old and was started in
the Konkan region and now has made in roads into every nook and corner of the country.
The products and services the Bank offers.
Apart from conventional banking facilities (lending and accepting deposits). This bank
offers a wide range of modern day banking products.
Products and Services
- Credit Card Facility
- Debit Card Facility
- 24 Hour Banking Services (ATM
Services)
Electronic
Clearance Service (for instance direct credit dividend incomes, interest on bonds,
deposits, salary, pension, commission, income tax refund, etc. and direct debit of
Electricity bills, Telephone bills, Insurance bills, Water tax, etc. to the customer
account).
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Types of Loan
- Personal Loan - Cash loan
available for salaried pension account holders.
- Home Loan - Loans for housing against collateral
security.
- Consumer Loan - Loan against consumer durables such as
refrigerator, television, etc.
- Vehicle Loan - Car loans and Two wheeler loans against
collateral securities (can also be hypothecation).
- Educational Loan - Loans for professional technical
courses are offered against guarantee by any competent person.
- DEMAT Facilities - Direct credit of dividend
incomes into the account holders accounts.
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In addition to the above, the bank has entered into
various commercial activities to its subsidiaries, to name a few :
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- Venture Capital Fund - to
finance to start up of commercial enterprises the generally involves high risk.
- Mutual Funds - the bank offers
various mutual fund schemes that enable retail investors, aversed to risk, invest in share
markets.
- Merchant Banking Services -
services such as Managing, Advising, Appraising of Shares, Debentures and Bonds of various
public limited companies.
- Factoring Services -
receivables management, collection of bills receivables are few examples of these kind of
services.
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It is to be noted that other conventional banking
facilities such as Savings Bank Account, Fixed Deposit Account, Current Account, Bank
Overdrafts are also available for the customer. |
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