As a premier Public-Sector Bank, Canara Bank has garnered many awards and achievements. It is one of the largest recruiter in the banking sector. In this blog, you can get all details that you need to know about Canara Bank before getting recruited. As you all know that Canara Bank has recently invited applications for PGDBF Bank PO posts, candidates must read about the bank. Check the details of Canara Bank Recruitment 2018 for Probationary Officers.
Before we start this guide about Canara Bank Jobs and Recruitment 2018-19, Eduncle invites your suggestions for our next edition. Leave us a comment to let us know about which bank you’d like to read in our upcoming blog.
What is Canara Bank?
Name: Canara Bank
Type: Public Sector Bank
When was the bank established: 1st July 1906
Headquarters: Bangalore, Karnataka.
Interesting Facts About Canara Bank:
It has over 6111 Branches and 10339 ATMs.
Canara was the first Indian bank to get ISO Certification for Total Branch Banking.
Late Ammembal Subba Rao Pai, founder of Canara Bank was a renowned lawyer from Mangalore. He founded the Canara Hindu Permanent Fund Ltd to cater poor people with low interest rates.
Canara was the first Indian bank to launch exclusive subsidiary of IT consultancy.
Canara bank is named after South Canara, a district of Madras Presidency.
Canara was the first Indian bank to launch intercity ATM network and credit cards for farmers.
MD and CEO: Rakesh Sharma
Uma Shankar (Director representing Reserve Bank of India)
Krishnamurthy H (Shareholder Director)
Mahadev Nagendra Rao (Shareholder Director)
Venkatachalam Ramakrishna Iyer (Shareholder Director)
Thothala Narayanasamy Manoharan
P V Bharathi
Matam Venkata Rao
George Augustin T
9th Oct 2017- Matam Venkata Rao (former GM at Allahabad Bank) has been appointed as Executive Director at Canara Bank.
Revenue: 489.4 billion INR
Number of Employees: 59,413 (Oct 2017)
How to Get Job in Canara Bank?
Canara Bank recruits for Junior Management Level Posts and Clerical Positions through IBPS Exams. For the Top-Level Management the recruitment based on Walk In interviews. In 2018, Canara Bank has invited applications of Graduates for Probationary Officer Post through PGDBF Course.
Number of Vacancies: 450
Age Limit: 20-30 Years (As on 1st Jan 2018).
Opening and Closing Date for Registration: 9th Jan 2018- 31st Jan 2018
Exam Date: 4th March 2018
Minimum Percentage in Graduation: 60%
Details of Institutes: NITTE (Mangaluru) and Manipal Global Education Services Pvt. Ltd. (Bengaluru)
Total Course Fee: In NITTE 3,54,000 INR.
In Manipal 4,13,000 INR.
Application Fee: For Reserved Category 118 INR.
For Unreserved Category 708 INR.
Other Canara Bank Vacancies:
Economist Scale-IV Officers
Contract based openings for various positions
Major Exams and Courses:
Canara Bank participates in following recruitment exams and courses:
IBPS CWE Probationary Officers Exam will also be conducted for PO/MT position in Canara Bank.
Canara BANK SO Recruitment 2018 will be made through IBPS CWE Specialist Officers Exam.
The Clerical Cadre will be recruited through IBPS Clerk 2018 Exam.
Canara is conducting PGDBF course for the first time. Most of the entry level jobs in Canara are through IBPS Exams only. Apart from these, career opportunity is available in the bank through Sports Quota too. Check Bank’s Career page for latest recruitment.
Top Reasons Why You Should Choose Canara Bank
Pan India Presence with 6000+ Branches:
The bank has a total of 6111 branches in India. Most of the branches are in South India, which makes Canara a great choice for candidates from Maharashtra, Tamil Nadu, Karnataka and Kerala.
The Salary Benefits are nominal and as par with the banking sector. Medical Allowance, Telephone Expense, Special Allowance are given to employees.
It is one of the best Public-Sector Bank with a great work culture. HRD initiatives of the bank are commendable. Other key points that builds an employee friendly working environment are:
Work culture where family concept is practiced among the employees.
Receptivity to new ideas.
Opportunities for experimentation.
Facilities which supports growth.
Record cordial Industrial Relations.
Promotions are timely and performance based in the bank. A Bank PO can be promoted to the position of General Manager, after a sequence of promotions. Similarly, Bank Clerk can get a career switch to Training Officer Level with Departmental Exam. For better salary hike and career growth, employees can attempt JAIIB and CAIIB Exams. After successful attempt in these exams, bank employees get three salary increments.
Other Benefits – Travel, Research etc.
Canara Bank Employees can get many other benefits which are listed below:
Welfare Schemes CBOA Benevolent Fund – In the case of “death in harness” of a member a sum of INR 4,50,000 shall be paid to the nominee of the member from the corpus of the fund.
Hill and Fuel Allowance for the employees posted at branches situated at heights.
Leave Fare Concessions to visit their place of domicile or visit any place in India upto eligible distance.
|Once in 2 Years||Once in 7 Years||Eligibility|
|Clerk||2000 KM||4000 KM||AC 2 Tier|
|Substaff||2500 KM||5000 KM||AC 3 Tier|
Here’s What Banking Sector Insiders Say About Canara Bank:
Get an inside look at reviews and salaries shared by employees.
After going through many salary-slips of employees, the salary structure of Canara does not seem to be very different from other banks. Salaries of popular job profiles are as follows:
Canara PO salary – INR 35801
Canara Clerk salary – INR 18550
On Glassdoor, employees shared a great working experience at the bank. Most of the reviews are positive. Most striking reviews were about excellent working culture and customer relationship.
The Negative reviews pointed out the work pressure, shortage of staff, loopholes in internal policies, long work hours, outdated systems and need of revamping the existing digital systems.
News and Latest Achievements:
A petition has been filled by Canara Bank on Friday before National Company Law Tribunal (NCLT), Hyderabad, urging it to declare Transstroy (India) Ltd. as bankrupt.
Canara Bank has announced a qualified institutional placement (QIP) worth Rs. 3,500 crore to raise funds from the domestic and overseas market.
The performance highlights of Quarter 2 of financial year 2018, is released by Canara Bank.
Canara Bank might take over Vijaya and Dena Bank in the year 2018. Vijaya and Dena Bank could merge first, and Canara might acquire the merged entity.
Canara Bank has shelved its plans to pursue the strategic sale of its stake in M/s Canara Robeco Asset Management Company Ltd in AMC Arm.
Awards/Accolades Received During 2017-18:
“Best CIO of the Year” by Computer Society of India for “CANDI” an ambitious digital banking project of the Bank in the “IT Innovation & Excellence Awards2017”
Skoch Smart Security Awards 2017 for “SIEM” tool.
Dun and BradStreet Award for 2016-17 adjudging as Best PSB – Priority Sector Lending Bank.
Certificate of Excellence for exemplary leadership in promoting RSETIs and Certificate of Excellence for RUDSETI for FY15 & FY16.
Not just in commercial banking, the Bank has also carved a distinctive mark, in various corporate social responsibilities. The bank is considered 4th largest bank in India after SBI, BOB and PNB.
The continuing growth story of Canara Bank makes it an organization that a young banker must chase. If you are interested in learning more about bank exams and recruitment, stay tuned with Eduncle.
We have many useful blogs lined up for Bank Exam Preparation. To make the preparation journey even easier for you, we offer free downloads of essential previous year papers and syllabus PDFs for all the exams. You can watch Bank Exam Preparation Videos on our YouTube Channel too.
About which Public Sector Bank would you like to read in our next edition? Leave a comment below with your suggestions and queries.