When was Canara Bank founded?

Canara Bank was founded in 1906 and raised its 1st funding round 104 years after it was founded.

Where is Canara Bank located?

Canara Bank is headquartered in Mangaluru, India.

How many employees does Canara Bank have?

As of Mar 31, 2025, the latest employee count at Canara Bank is 81260.

Is Canara Bank a funded company?

Canara Bank is a funded company, having raised an undisclosed amount across 6 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Aug 06, 2010.

When was the latest funding round of Canara Bank?

Canara Bank's latest funding was a $***** Post IPO round on Aug 17, 2021, with participation from 0 investor. Its primary sector is Banks. Globally, the Banks sector has seen $3.72B in funding in 2026 to date.

Where does Canara Bank rank among its competitors?

Canara Bank ranks 20th amongst 218 active competitors, none of which are funded.

Who are the top competitors of Canara Bank?

Canara Bank's top competitors include Jana Small Finance Bank, IDBI Bank and Bank of America. Among them, Jana Small Finance Bank secured the most recent funding round in December, 2025.

Canara Bank - 2026 Company Profile, Team, Funding & Competitors

Canara Bank is a public company based in Mangaluru (India), founded in 1906 by Ammembal Subba Rao Pai. It operates as a Commercial bank. Canara Bank has raised an undisclosed amount in funding. The company has 218 active competitors, including 39 that have exited. Its top competitors include companies like Jana Small Finance Bank, IDBI Bank and Bank of America.

Company Details

Canara Bank is a commercial bank. It provides services like investment, consumer banking, commercial banking, retail banking, private banking, asset management, mortgages, credit cards to individuals & business. The bank top market in India. In 2022, the company recorded annual revenues of $13.22B and a net profit of $1.25B.

Website: canarabank.com
Social
Email ID: *****@canarabank.com
Phone Number: +91 **********, +91 **********, +91 **********

Key Metrics

Founded Year

1906

Location

Mangaluru, India

Stage

Public

Latest Funding Round

Post IPO, Aug 17, 2021, $*****

Investors

Life Insurance Corporation of India & 1 more

Ranked

20^th among 218 active competitors

Employee Count

81,260 as on Mar 31, 2025

Investment & Acquisitions

Hero Future Energies & 27 more

Similar Companies

Barclays & 20929 more

Exit Details

Public

View Canara Bank's full profile

Canara Bank got listed on Dec 23, 2002.

Click here to take a look at Canara Bank's IPO in detail

Canara Bank has raised funding over 6 rounds. Its first funding round was on Aug 06, 2010. Canara Bank has 2 institutional investors.

Here is the list of recent funding rounds of Canara Bank:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 17, 2021	5211286	Post IPO	6146774	1614889	9601627	2960859
Dec 08, 2020	6396647	Post IPO	3051602	9975317	4874293	Life Insurance Corporation of India
Sep 25, 2020	9916284	Post IPO	1899038	3841028	9938269	5443048

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View details of Canara Bank's funding rounds and investors

The founders of Canara Bank is Ammembal Subba Rao Pai. Hardeep Singh Ahluwalia is the CEO of Canara Bank.

Here are the details of Canara Bank's key team members:

Ammembal Subba Rao Pai: Former Founder of Canara Bank.

View details of Canara Bank's Founder profiles and Board Members

Canara Bank's employee count trend

Canara Bank has 81,260 employees as of Mar 25. The total employee count is 2.0% lower than what it was in Mar 24. Here is Canara Bank's employee count trend over the years:

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Top competitors of Canara Bank include Jana Small Finance Bank, IDBI Bank and Bank of America. Here is the list of Top 10 competitors of Canara Bank, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Jana Small Finance Bank 2006, Bengaluru (India), Public	Provider of banking services including savings accounts loans and deposits	$813M	TPG, Bajaj Allianz & 86 others	78/100
2nd	IDBI Bank 1964, Mumbai (India), Acquired	Bank focused on providing home, auto, education & property loans	-	SBI, Indian Bank & 4 others	74/100
3rd	Bank of America 1998, Charlotte (United States), Public	Commercial bank and asset management firm	-	Berkshire Hathaway, Black Capital Investments ... & 5 others	72/100
4th	Citi 1812, New York City (United States), Public	Commercial bank	-	ngn-capital.com, British International Investment ... & 3 others	71/100
5th	ICICI Bank 1994, Mumbai (India), Public	Provider of financial services including savings accounts loans and investments	-	Nepean Capital, WestBridge Capital & 7 others	71/100
6th	Axis Bank 1994, Mumbai (India), Funding Raised	Provider of personal and corporate banking services including savings accounts, loans, credit cards, and investment products	-	Nepean Capital, WestBridge Capital & 5 others	70/100
7th	Catholic Syrian Bank 1920, Thrissur (India), Public	Commercial bank	$16M	Janus Henderson Investors, Fairbridge Capital ... & 7 others	70/100
8th	Kotak Mahindra Bank 1985, Mumbai (India), Public	Provider of banking services including loans investments and insurance products	-	Nepean Capital, Education Growth Partners ... & 12 others	69/100
9th	HDFC Bank 1994, Mumbai (India), Public	Digital bank offering wide range of personal and net banking services, including accounts, deposits, cards, loans, and investments	-	Nepean Capital, WestBridge Capital & 8 others	68/100
10th	Bank of India 1906, Mumbai (India), Public	Commercial bank	-	Life Insurance Corporation of India, Financial Services ... Read more	68/100
20th	Canara Bank 1906, Mangaluru (India), Public	Commercial bank	-	Life Insurance Corporation of India, Rare Enterprises ... Read more	60/100

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Canara Bank has made 21 investments in companies including Hero Future Energies and Zyla. Canara Bank has also acquired 7 companies including Cochin Commercial Bank and Arnad Bank.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 06, 2025	Investments	Hero Future Energies	2012	London (United Kingdom)
Feb 11, 2022	Investments	Zyla	2017	Gurugram (India)
Sep 14, 2020	Investments	PumPumPum	2018	Gurugram (India)