5 Facts About Canara Bank

1. On 6 June 2018, the UK division of Canara Bank was fined £890,000 by the UK's Financial Conduct Authority and was blocked from accepting new deposits for around five months for systematic anti-money laundering (AML) failures.

2. In 1983, Canara Bank opened its first overseas office, a branch in London.

3. In 1985, Canara Bank acquired Lakshmi Commercial Bank in a rescue.

4. The second bank that Canara Bank acquired was Seasia Midland Bank, which had been established on 26 July 1930 and had seven branches at the time of its takeover.

5. The bank changed its name to Canara Bank Limited in 1910 when it incorporated.