Canara Bank (Tanzania) Limited is wholly owned subsidiary of Canara Bank India, a leading public sector Bank of India. Bank commenced its operations in Dar Es Salaam on 09th May, 2016 with paid up capital of TZS 32 Billion as against local regulatory requirement of TZS 15 Billion. We have booked profits in the first and second year of operations in Tanzania.
We are offering all the basic banking services which includes Saving Account, Current Account, Fixed Deposit Account, Recurring Deposit Account, Loans and Overdrafts for various needs, Remittances within and outside Tanzania, Locker Services, Mobile App etc.
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. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks. The bank has offices abroad in London, Hong Kong, Moscow, Shanghai, Doha, Dubai, Tanzania and New York, besides various representative offices, subsidiary / joint ventures etc.
Canara Bank happens to be the one of the world class banks to emerge out of India. The bank would like to strengthen the Indo-Tanzanian bilateral relations with an array of banking services and products to the general public and Corporate Clientele of Tanzania.