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.

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

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

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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.

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

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