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Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Currently, Canara Bank occupies a premier position in the comity of Indian banks.

Canara Bank has several firsts to its credit, these include:

 * Launching of Inter-City ATM Network
 * Obtaining ISO Certification for a Branch
 * Articulation of 'Good Banking' - Bank's Citizen Charter
 * Commissioning of Exclusive Mahila Banking Branch
 * Launching of Exclusive Subsidiary for IT Consultancy
 * Issuing credit card for farmers
 * Providing Agricultural Consultancy Services

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