Quick Answer: Is Canara Bank A Government?

Is Canara Bank best?

Canara Bank has been awarded ‘India’s Most Trusted Public Sector Banking Services Company 2019’ by International Brand Consulting Corporation, USA..

Which bank is government bank?

The Current List of 12 Public Sector Banks (Government Banks) State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India, Central Bank of India, Canara Bank, Union Bank of India, Indian Overseas Bank, Punjab and Sind Bank, Indian Bank, UCO Bank and Bank of Maharashtra.

Which is best bank in India?

Top Commercial Banks in IndiaTop 10 Commercial Banks in India are:State Bank of India (SBI) … ICICI Bank (Industrial Credit and Investment Corporation of India) … HDFC Bank. … Axis Bank. … Kotak Mahindra Bank. … IndusInd Bank. … Bank of Baroda.More items…

Which private bank is best?

Best Private Sector Banks in India 2021List of Private BanksNumber of BranchesNumber of ATMsHDFC Bank478713514ICICI Bank488215159IDBI Bank18923693IDFC First Bank30121618 more rows

Why Canara Bank is best?

2) Non performing assets much better than peers Canara Bank is among the few public sector banks that has much better control over non performing assets. The net non performing assets of the bank came in much better than most other public sector banks at 2.74 per cent for the quarter ending June 30, 2015.

Is Canara Bank merged with any bank?

The Government of India approved the amalgamation of Syndicate Bank into Canara Bank to make it a globally competitive lender. With the amalgamation, the new bank will become the fourth largest bank after State Bank of India, PNB+OBC+United Bank of India & Bank of Baroda (as at Dec 2019).

Which bank is the richest?

The Industrial and Commercial Bank of China LimitedICBC -China Market cap: 1.94 trillion The Industrial and Commercial Bank of China Limited is the wealthiest bank in the world according to market capitalization. It is also ranked as the largest bank in the world when rated by total assets.

Is Canara Bank a safe bank?

Since Canara Bank’s loan to deposit ratio of 72.80% is within the sensible margin, below than the appropriate maximum of 90%, this level places the bank in a relatively safe liquidity position given it has not excessively lent out its deposits and has maintained a suitable level for compliance.

Who is the owner of Canara Bank?

Government of India78.52%Canara Bank/Owners

Is SBI a government bank?

State Bank of India (SBI), state-owned commercial bank and financial services company, nationalized by the Indian government in 1955. SBI maintains thousands of branches throughout India and offices in dozens of countries throughout the world. The bank’s headquarters are in Mumbai.

Who is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Which is No 2 bank in India?

2. State Bank of India (SBI)TypePublic Company (Government of India)Asset₹36.80914 trillion (US$520 billion) (2019)Number of Branches24000 branches in India & Over 190 offices in 35 countries across the worldNumber of ATMs59,291Number of Employees2,57,252 (2019)7 more rows•Feb 28, 2020