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Q.

Is Canara Bank a Nationalised Bank?

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I was looking for a personal loan, and as I have an account in Canara Bank, I planned to opt for the loan from them. To know about the details of the loan, I got in touch with the customer service of the bank and asked them about the details of the loan. Near the end of the call, I asked the person, “Is Canara Bank a Nationalised Bank?” He said yes.

When is Canara Bank a Nationalised Bank?

The customer care person said that Canara Bank is a nationalised bank, and it was nationalised on 19 July 1969 with 13 other banks. According to him, the bank was established in 1906. 

Which Bank is Merged with Canara Bank?

The customer care executive also told me that Canara Bank and Syndicate Bank have been combined together. He also added that after the merger, the bank became the fourth-largest public sector bank in India. 

And that’s all I had learned about the bank from him. I hope you find this helpful. 

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