Canara GM Hemant launches two more Shikhar branches in Delhi

By Deepak Arora

NEW DELHI, June 30: Canara Bank, under the ongoing Business Process Re-engineering project “Shikhar”, has launched two more Shikhar branches of the Bank at Parliament Street and Janpath in New Delhi totaling to 10 Shikhar branches.

Mr Hemant Kumar Tamta, General Manager, Delhi Circle, Canara Bank, inaugurated the “Shikhar” Branches.

Circle Executives & Branch Heads from nearby branches were also present on the occasion.

Project Shikhar is a transformation program aimed at enabling us to effect the changes to enhance performance in terms of key parameters, viz., CASA, robust credit growth, fee income, number and proportion of e-transactions and asset quality and recovery to scale to the top, i.e., The Shikhar.

Mr Hemant Kumar Tamta expressed happiness, while inaugurating the Shikhar branches over the re-engineered branches under the project with features like Welcome Desk, Queue Management System, E Lounge (Cash Deposit Machine, ATM, Pass Book Updating Machine), Single Window operator System and Daily Staff Meetings to boost customer experience and drive higher sales.

With this we have 10 branches under “SHIKHAR” in Delhi as on June 30.

Canara GM Hemant opens 152nd branch in Delhi

By Deepak Arora

NEW DELHI, June 28:

Mr Hemant Kumar Tamta, General Manager, Delhi circle, inaugurated 152nd branch of Delhi with Shikhar facility under ongoing Business Process Reengineering Project at Vishwasnagar here on Saturday.

All circle Executives along with Customers of Delhi were also present on the occasion.

Canara Bank is on expansion mode in Delhi adding new branches, ATMs and e-lounges as part of providing hi-tech delightful service to Delhi-ites.

Canara Bank adopts Sanjay Amar slum colony in Delhi

By Deepak Arora

NEW DELHI, June 28:

Canara Bank has adopted Sanjay Amar slum colony here on Saturday.

A special program was conducted at Canara Bank, DDU Marg Branch, to assist the slum dwellers of Sanjay Amar colony, near ITO in Central Delhi.

While addressing the gathering, Mr Hemant Kumar Tamta, General Manager, Canara Bank informed that Canara Bank has adopted one Village/slum each in all the 29 Lead Districts of the country under Bank’s Canara Gramodaya scheme.

Gramodaya is a novel scheme floated by Canara Bank for identifying villages/ slums for overall development.

Accordingly in Delhi, Canara Bank has adopted three slums, out of which one is Sanjay Amar Colony.

Recently, Lead Bank Office Central Delhi District of Canara Bank has conducted Financial Literacy Camps and Training for various skill development activities like manufacturing Artificial Jewelry for the ladies in the slum.

To promote Education and to create Job Avenue the Gender Resource Centre has imparted Training in tailoring/stitching in the SLUM.

Under this scheme, donations were made by the Bank to slum dwellers.

School Bags to poor students and sewing Machines to Ladies were distributed on the spot.

Certificates were also handed over to Ladies who have undergone training on Artificial Jewelry under the Entrepreneurship Development Programme of the Bank.

Mrs Ranjana Parihar, Deputy Secretary, Association of Indian Universities, graced the occasion and also appreciated the efforts of Canara Bank for its involvement in uplifting of the poor and assured the support from the Government of Delhi in this regard.

Mr Vijay Khanduja, Lead District Manager, Canara Bank, Central District coordinated the programme.

Canara CMD Dubey conferred 'Leading CEO of the Year'

By Deepak Arora

BANGALORE , June 27:

Mr R K Dubey, Chairman and Managing Director, Canara Bank, has been conferred with “Leading CEO of the Year” under Individual Category.

Canara Bank has also been conferred with “Gold Award” under Corporate Category for “Innovation in Recruitment” at a glittering awards presentation Ceremony held here during the fourth annual Greentech HR Award 2014 Conference.

The Awards have been instituted by Greentech Foundation, New Delhi.

Mr R K Dubey, Chairman and Managing Director, Mr V S Krishna Kumar, Executive Director and Mr Shyamalendu Saha, GM-HR Wing, received the awards on behalf of the Bank.

Canara Bank launches upgraded Information Technology training institute for BPL Youth in Bangalore

By Deepak Arora

BANGALORE, June 24: Armed with the successful execution of Information Technology Training Institute for the last fifteen years, Canara Bank took one more forward step in the cause of empowering BPL youth of the Bengaluru city through IT and ITES.

Mr R K Dubey, Chairman and Managing Director of Canara Bank, inaugurated modernized premises with improved infrastructure at their CBIIT located in Malleshwaram, Bengaluru.

The Unique CBIIT is first of its kind to be innovated and implemented by any PSBs.

The expert faculties with tie up from reputed IT companies have been a opportunity for deprived section of the population to avail and reap the benefits of IT.

Normally these youth belong to such as children of street vendors, construction workers, farm laborers, drivers and even slum dwellers who could not continue their studies and also find very difficult to gain admission into the professional courses.

CBIITs at Bengaluru have trained more than 4200 youth with an impressive settlement rate of 94% in gainful IT employment. The successful experimentation of Bengaluru unit encouraged the Bank to open four more Institutes at UP, Kerala and West Bengal which in sum have benefitted more than 10000 BPL family youth in IT Sector.

In his inaugural address, Mr Dubey outlined the road map of the Bank. He expressed the hope that Bank would be opening more CBIITs to reach all the States in the next three years.

He also said that efforts will be made to get accreditation from AICTE which will infuse value addition and spread the reach.

Earlier, Mr S S Bhat, General Manager, PC&FI Wing, in his welcome addressed spelt out the role of Canara Bank in serving the key social sectors of Education, Health, Environment and infrastructure development under its CSR initiatives.

Mr Ravindra Bhandari, General Manager, Bengaluru Metro highlighted on the performance of the Bank and innovative projects to strengthen the skill level of Youth and promote entrepreneurship among them.

Canara Bank bags Platinum Skoch Award

By Deepak Arora

NEW DELHI, June 21:

Canara Bank has been awarded Platinum Award under the category of “Innovation” Skoch Financial Inclusion and & Deepening Award 2014 ceremony held at India Heritage Centre here.

Canara Bank was awarded Platinum Award under the category of “Innovation” with the following citation:

“Canara Bank has its hand on the pulse of the nation. It has trained 62,111 youth, majority of which are settled as micro-enterprises. The bank, under R K Dubey’s persistence direction, has set up 44 SME processing centres and 642 SME branches and has achieved a 99 per cent y-o-y growth target of micro enterprise accounts as against mandatory 10 per cent. The outstanding level has recorded 35 per cent growth y-o-y, i.e., Rs 50,040 crore. Its total retail lending is growing at an average 45 per cent per annum. The bank credits its success to 100 per cent customer grievance redressal – 90,729 complaints till date. Its 27 RSETIs in 7 states have trained over 1.9 lakh BPL youth, more than 73 per cent of which have been gainfully employed. The bank has also credit linked 13.89 lakh SHGs with 19 billion rupees.”

Canara Bank Chairman and Managing Director Mr R K Dubey received the award from from Ms Meenakshi Lekhi, Member of Parliament in the presence of Mr Vinod Rai, former Controller and Auditor General of India, and Mr Sameer Kochar of Skoch.

Mr S S Bhat, General Manager, Canara Bank, Priority Credit and Financial Inclusion Wing was also present on the occasion.

Canara Bank was also figured in the “Order-of-Merit” under India’s Best Financial Inclusion & Financial Deepening Projects - 2014 for all the 7 nominations it had applied for in the category of Access to Banking and Financial Services, CSR, Customer Service, SME Advance, Technology, Strategy and Innovation.

The “Order of Merit” Certificate was also received by Mr R K Dubey, Chairman and Managing.

Canara becomes first bank to launch RuPay Platinum Debit Card

By Deepak Arora

BANGALORE, June 19: Canara Bank has emerged as the first bank to launch RuPay Platinum Debit Card.

The bank launched the Platimum variant of RuPay card in association with National Payments Corporation of India (NPCI).

Canara Bank Chairman and Managing Director R K Dubey launched the card at a glittering function here in the presence of Execitive Directors and top executives of the bank.

Circle Heads of 42 Circles and Branch Heads of Overseas branches also joined the function through the video conference.

The Chief Operating Officer (COO) of NPCI, Dilip Asbe, handed over the first card to the Canara Bank Chairman and Managing Director.

Seniro officials of NPCI Navtej Singh and Raghavendra Bhat were also present on the occasion.

Rupay Card is India's domestic card which offers a bouquet of benefits to card holders like free accidental insurance, discount at selected merchant outlets and other concierge services.

RIL to invest Rs 1.8 lakh crore in 3 years

MUMBAI, June 19: Reliance Industries (RIL) chairman Mukesh Ambani on Wednesday announced plans to invest Rs 1.8 lakh crore ($30 billion), equivalent to over 80% of India's defence budget, across petrochemicals, refining, retail and telecom over the next three years and promised his shareholders that RIL will stake a place among the Fortune 50 companies.

RIL currently ranks 135th on the Fortune 500 list of global companies. It expects to break into the top 50 by doubling its profitability and turnover in the next three years, a road map for which was laid two years back.

"In the past 37 years, we have invested Rs 240,000 crore and in this current three years' investment cycle, we will be investing over Rs 180,000 crore. The next two years will see us focused on executing and progressively bringing these projects on-stream in petrochemicals, refining, retail and Jio. The year 2016-17 will be the first full year in which the complete benefits of all these investments will be available to our shareholders. The next three years are transformational in RIL's journey," Ambani told shareholders at the RIL AGM here. He said that by the time RIL finishes four decades since its first public offering, it will be a radically different company. Ambani wants RIL to accomplish as much in the next three years as the company has achieved in the past 37 years.

To put his proposed investments in perspective, Ambani had said at last year's AGM that the company will invest Rs 1.5 lakh crore over the next three years. Similarly, in 2012, RIL chairman had set the target of doubling the operating profit in five years with investments of Rs 1 lakh crore. It's not clear how much of those proposed investments have already come in.

Ambani also assured the RIL shareholders that the country's most-awaited broadband launch will happen in 2015. It is being billed as the world's largest broadband network covering 5,000 cities and 2.15 lakh villages with investment of Rs 70,000 crore in the first phase. It was widely expected to be launched in 2014 itself.

"Expanded field trials will commence in August this year across multiple cities. These trials would continue through the end of 2014 and early part of 2015. The objective is to ensure that everything that we offer is future-proof and world-class. The year 2015 will see the phased launch of Reliance Jio across India. The fruits of the tremendous value created by this Rs 70,000-crore initiative would start to flow," said Ambani.

On the controversial gas price hike, Ambani said, "Timely regulatory approvals and market-based gas prices are the key to developing these resources. We along with our partners BP and Niko have initiated the arbitration process seeking implementation of the domestic natural gas pricing guidelines 2014."

Without naming AAP leader Arvind Kejriwal, Ambani said, "Last year, we saw several false allegations, outright lies and half-truths against this business. We addressed all of the allegations with the truth and facts proactively. We have with your support weathered these ill-informed campaigns.

"We have put out on social media platforms the facts for everyone to see. We have also hosted the Flame of Truth booklet that presents all the facts on our website. We are here to win trust and we will win this with truth and transparency."

Canara Executive Director Krishnakumar opens third Shikhar branch in Delhi

By Deepak Arora

NEW DELHI, June 17:

Under the ongoing Business Process Re-engineering project “Shikhar”, Canara Bank launched at Pitampura here on Tuesday the third Shikhar branch of Delhi Circle.

Mr V S Krishnakumar, Executive Director, Canara Bank inaugurated the “Shikhar” Branch.

Mr Hemant Kumar Tamta, General Manager, Delhi circle, Circle Executives and Branch Heads from nearby branches were also present on the occasion.

Project Shikhar is a transformation program aimed at enabling us to effect the changes to enhance performance in terms of key parameters, viz., CASA, robust credit growth, fee income, number and proportion of e-transactions and asset quality and recovery to scale to the top, i.e., The Shikhar.

While inaugurating the third Shikhar branch, Mr Krishnakumar express happiness over the re-engineered branch under the
project with features like Welcome Desk, Queue Management System, E-Lounge (Cash Deposit Machine, ATM, Pass Book Updating Machine), Single Window operator System and Daily Staff Meetings to boost customer experience and drive higher sales.

The bank aims to launch another seven branches in Delhi under the BPR Project Shikhar by June-end.

Canara Bank, CWC sign MoU

By Deepak Arora

NEW DELHI, June 16: Canara Bank, a leading Public Sector Bank and Central Warehousing Corporation (CWC) signed a Memorandum of Understanding (MOU) for financing to borrowers of Canara Bank against Ware House Receipts issued by CWC for the storage of goods/farm produce in their godowns all over the country.

Mr S S Bhat, General Manager, Canara PCFI Wing, HO and Mr R N Meena, General Manager (Commercial), CWC, signed the MoU.

Mr B B Pattanaik, Managing Director, CWC and Mr Hemant Kumar Tamta, General Manager, Delhi Circle of Canara Bankand officials from both the organizations were present on the occasion.

Mr B B Pattanaik, Mr S.S Bhat and Mr Hemant Kumar Tamta spoke on the occasion. They highlighted the existing relationship between the two organizations.

They said the MOU will go a long way in strengthening the relationship further. The MOU will be win-win situation for all the parties.

P S Rawat opens Canara's second Shikhar branch in Delhi

By Deepak Arora

NEW DELHI, June 16: Under the ongoing Business Process Re-engineering project “Shikhar”, Canara Executive Director P S Rawat inaugurated here on Monday the second Shikhar branch of Bank at Tagore Garden in Delhi Circle.

Mr Hemant Kumar Tamta, General Manager, Delhi circle, Circle Executives and Branch Heads from nearby branches were also present at the occasion.

Project Shikhar is a transformation program aimed at enabling us to effect the changes to enhance performance in terms of key parameters, viz., CASA, robust credit growth, fee income, number and proportion of e-transactions and asset quality and recovery to scale to the top, i.e., the Shikhar.

While inaugurating the Shikhar branch, Mr Rawat expressed happiness over the re-engineered branch under the project with features like Welcome Desk, Queue Management System, E Lounge (Cash Deposit Machine, ATM, Pass Book Updating Machine), Single Window operator System and Daily Staff Meetings to boost customer experience and drive higher sales.

The bank aims to launch another eight branches in Delhi under the BPR Project Shikhar by the end of this month.

Canara is Nodal Bank for Padho Pardesh Scheme

By Deepak Arora

NEW DELHI, June 16: Canara Bank entered into an MoU with the Ministry of Minority Affairs, Govenment of India, to act as Nodal Bank for the operationalisation of Padho Pardesh scheme across the country.

The scheme envisages providing subsidy to match the entire amount of interest debited during moratorium period in respect of education loan obtained from banks by students belonging to notified minority communities.

The students should belong to EWS category, with a family annual income upto Rs.6 lakhs and subsidy will be available only for students pursuing study abroad and enrolled at Master, M.Phil and Ph.D levels.

To enable operationalisation, Canara Bank has been identified as a Nodal Bank, and will provide a separate web portal on their website to enable banks to submit claim of eligible students.

To facilitate the same, an MoU was signed by Mr S S Bhat, General Manager, Canara Bank, Head Office and Mr Lalit K Panwas, Secretary, Ministry of Minority Affairs here on Monday.

Canara Bank holds PR Conclave; Focus on image building

By Deepak Arora

BANGALORE, June 13: Canara Bank, a leading nationalized bank, organized Public Relation Officers’ conclave for all the PRO’s of the bank at Angasana Resort here on Friday. Mr P.S Rawat, Executive Director of the bank, inaugurated the two-day conclave and addressed the participant.

Mr Rawat advised all the PRO’s to improve the communication ability. Good PRO’s are the face of the bank and has a vital role to play in the image building activities.

In his address, he also stressed on the subject etiquette, marketing and hospitality. At the corporate level, Canara Bank has taken extensive campaign for publishing the product and services.

During the function Mr D. Kullurao, General Manager, Dr. S.T Ramachandra, Deputy General Manager, Mrs Valsala Vijayakumar, DGM and Mr Yogish B. Acharya, AGM, were also present on this occasion.

As many as 45 PRO’s from all over the country actively participated in the conclave.

Delhi Canara GM Hemant distributes tricycles, school bags

NEW DELHI, June 13: Mr Hemant Kumar Tamta, General Manager of Canara Bank, Delhi Circle, distributed tricycles to differently-abled persons under corporate social responsibility in lead district office (West Delhi) in Rajouri Garden on Friday.

Mr Tamta also distributed school bags to poor school childeren at a function in a nearby slum area under “Gramodaya Yojna”.

Mr Hemant Kumar also addressed the gathering. Bank officials, school teachers, parents and representatives of NGOs/ Self Help Group were also present on this occasion.

Canara Bank organises workshop for women entrepreneurs

BANGALORE, June 13: Canara Bank, a leading PSU Bank, organized a one day Workshop for Women Entrepreneurs. The workshop was meant to inspire confidence and equip the women to prepare a business plan in their chosen product/service enterprises.

On this occasion, reacting to the queries posed by the women participants, Mr Pradyuman Singh Rawat, Executive Director, highlighted the inborn skills and talents of women and advised them to nurture their business like bringing up a child. He assured the participants that Canara Bank has always been and will be supportive to the financial needs of women entrepreneurs.

Mr S Ramesh, General Manager, while addressing the gathering, gave several tips for running any business successfully which was well received by the participants.

About 100 women, representing the cross section of business community participated in the workshop. The workshop was inclusive, providing on hand exercises, drawing inspiration from few success stories, group discussion on various dynamics and interactive session.

Mr N P Vadiraja, Ex- faculty of the Bank & a credit expert, Mr Veerabhadra Reddy, AGM, MSME Wing and Mr Ananthayya Achar, Senior Manager and a trainer provided inputs to the participants.

The feed back of the workshop was that all the women participants have definite plans to start up the enterprises. Mr Virupaksha K, DGM, Mrs Suseela K, AGM and other CSR Team members of Canara Bank participated in the Workshop.

Canara Bank opens branch office in New York

By Deepak Arora

NEW YORK, June 9: Canara Bank, a premier nationalised bank of India, achieved yet another milestone by opening its branch in New York (USA) on Monday. Indian Consul General in New York, Mr Dnyaneshwar M Mulay, declared the opening of the branch. Canara Chairman and Managing Director, Mr R K Dubey, inaugurated the New York Branch premises.

This is the seventh overseas branch of the Bank after London, Leicester (UK), Hong Kong, Shanghai, Bahrain and Johannesburg. In addition to the above, the Bank has a Representative Office at Sharjah and a Joint Venture Bank in Moscow.

With the inauguration of New York branch, the Bank now has presence in eight countries, namely, the UK, the USA, Hong Kong, China, Bahrain, South Africa, UAE and Russia.

The Bank has plans to open branches/offices in Germany, Dubai, Brazil, Tanzania, Japan, Nigeria and Qatar during the current financial year.

Overseas business of the Bank which is at 5.72 % as at March 2014 and is projected to increase to 10 % by end of Financial Year 2015.

The Bank has also approached Reserve Bank of India seeking its approval for opening branches/offices in 11 more centres at Birmingham, East Ham, Kingsbury (all in the UK), Singapore, Mexico, Indonesia, Australia, New Zealand, Canada, Turkey and Rwanda.

Canara Bank, Mahindra sign Mou

BANGALORE, June 9: Canara Bank ,a leading nationalized bank, has entered into Memorandum of with M/s Mahindra & Mahindra Limited, a leading Public Sector Company, manufacturer of three wheelers and four Wheelers. Mr R Madhusudan, General Manager, MSME Wing, Head Office and Mr Satyendra Kumar, Mahindra & Mahindra Limited, exchanged the MoU document. Other Executives of the Wing and also officials from the Company were present on the occasion.

The MoU shall be mutually beneficial for both the entities as M/s Mahindra & Mahindra Limited will be able to utilize the large network of branches of Canara Bank for financing of the buyers of the vehicle and the Bank will be able to stimulate the growth of MSME advances.

Canara Bank felicitates its Brand Ambassador Shikhar Dhawan

By Deepak Arora

BANGALORE, June 4: Canara Bank Chairman and Managing Director, Mr R K Dubey, on Wednesday felicitated Shikhar Dhawan on his being awarded the best one day international player of the year and wisden cricketer of the year 2013.

Canara Bank had launched Shikhar Dhawan, ace cricketer and youth icon, as its brand ambassador in March this year. Canara Bank is gearing up for the next phase of banking with a focus on the youth – the future of India.

Canara Bank founded in the year 1906 by Sri Ammebal Subba Rao Pai, is 108 years young and has an unbroken record of profits since its inception.

Speaking on the occasion, Mr R. K. Dubey said “At Canara Bank, we are constantly innovating and setting industry benchmarks. Our growth trajectory is on the upswing and our progressive outlook is the cornerstone of our success. The Bank and Shikhar Dhawan have a lot in common. He has an admirable record, is constantly innovating his game and setting new standards. He represents the dreams of today’s youth and their aspiration, confidence and energy. Shikhar, as a youth icon, cements the partnership between the Bank and the youth.”

Shikhar Dhawan said, “It is an honour to be associated with Canara Bank that has a legend of more than a century. I share some of the Bank’s qualities and was fortunate to be chosen as its Brand Ambassador. The Bank is vibrant and very future-focussed. Today’s youth don’t just have big dreams but also have great self-belief and confidence. With an innovative bank like Canara Bank, the youth have the right support and can say – Together we can; Together we will.”

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