State-run Canara Bank has announced that Rakesh Sharma has assumed charge as its Managing Director and Chief Executive Officer. Before joining Canara Bank, Sharma was MD and CEO of Lakshmi Vilas Bank since March 7, 2014. Sharma began his banking career with State Bank of India wherein he had raised to the level of Chief General Manager in his long distinguished career of over 33 years. While posted at Tokyo, he was in charge of overall functioning of SBI’s branches in Japan. Sharma’s main expertise lies in retail and wholesale banking, corporate credit, asset liability management, loan syndication, trade finance, industrial relations and HR issues.
Canara Bank - Points to Note
- Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka.
- It was established atMangalore in 1906, making it one of the oldest banks in the country. The government nationalized the bank in 1969.
- The bank also has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, Dubai, and New York.
- Canara Bank’s first acquisition took place in 1961 when it acquired Bank of Kerala.
- In 1996 Canara Bank became the first Indian Bank to get ISO certification for “Total Branch Banking” for its Seshadripuram branch in Bangalore.
- Canara Bank sponsors two regional rural banks (RRB). They are Kerala Gramin Bank (Malappuram, Kerala) and Pragathi Krishna Gramin Bank (Bellary, Karnataka).
Test Your Knowledge
What is the Slogan of Canara Bank?
