company: Canara Bank
Bangalore,Ktk:Income- Rs 9115 Cr:CSR- rural entrepreneurship, medical , education :CSR Rating-3/5
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Company: Canara Bank
Income 2005-2006 = Rs 9115 Cr (rounded off)
Net profit after tax (05-06) = Rs 1100 Cr (rounded off)
Karmayog CSR Rating- 3/5
CSR activities:
In the 1960s, way before nationalisation, the bank gave educational loans to students at soft rates. Today, each of its 47,000 employees donates three rupees per month to a social cause of their choice – Rs 16.9 lakh annually. And that’s outside of what the bank spends on CSR annually: roughly Rs 10 crore or 1% of its profits. Employees say its CSR programme goes far beyond what the government mandates for PSUs.
Canara Bank’s CSR projects fall mostly within the ambit of community development. Its main thrust is on giving vocational skills to unemployed people. Canara Bank general manager (priority credit wing) R. Prabha, who overseas the CSR programme, says the trickle-down effect is enormous. Since 1988, he estimates the bank has trained 1.30 lakh people. One big initiative is the Rural Entrepreneurship Development Institutes, where the bank has partnered the Syndicate Bank and the Dharmastala Manjunatheshwara Educational Trust to set up 20 vocational training centres across India. Then there are the projects it does alone – like artisans’ training and computer literacy.
Their CSR activities for the year 2005-2006
- Consistent with its philanthropic roots and genuine concerns for the needy, Bank has taken several initiatives including the following :
- KPJ Prabhu Artisans Training, Production & Marketing Centre at Jogaradoddi, Bidadi, Bangalore Rural District and C E Kamath Institute for Rural Artisans at Karkala provide training for artisans in wood carving, stone carving, sheet metal embossing and terra cotta and marketing their products
- Rural Women Self Employment Training Institute at Harohalli, Mahila Abhyudaya Yojana Gramina Mahila Jagruthi Kendras Centre for Entrepreneurship Development for Women provide counselling, guidance & training to make women self-reliant.
- A D Pai Institute for Rural Development at Vajrahalli and Rural Self Employment Promotion and Resource Guidance Centre at Holalur , Shimoga District provide training to rural youths for self employment.
- Rural Clinic Service and Mahila Shushrusha Yojana provide medical facilities in remote and backward villages and provide incentives to doctors to set up clinics in such areas.
- Cangrama Shikshana Kendra Adult education centres, Canara Bank Golden Jubilee Education Fund provide adult literacy and assist student fraternity by providing books, equipments, sponsoring libraries etc.
- Grama Jala Yojana
- Adarsha Grama Project & Jalayoga Scheme provide safe drinking water facility in backward villages.
- Hari Kalyana Yojana, Tribal Counselling Centres, Dr.Ambedkar Self-Employment Training Institute at Pudupudur and Subba Rao Pai Self-Employment Training Institute at Wandoor train SC/ST and minority youths to take up self-employment training.
Rural Development and Self Employment Training Institutes - Computer Training Centre for Urban Poor at Bangalore trains urban poor in the IT field and computers.
- Kalagrama – An art village, a complex of 18 houses (at K.P.J. Prabhu Artisans Training, Production & Marketing Centre, Jogaradoddi) has been set-up to assist the artisans who have undergone training in traditional arts to pursue and practice art for mutual learning and benefit.
- Canara Bank Institute of Information Technology (CBIIT), Alleppy has been set-up with an objective of imparting training to the rural youth of South Kerala in the field of Information Technology. The training is offered free of cost and backed up by post training follow-up to ensure credit linkage and settlement.
- Canara Bank Institute of Information Technology (CBIIT), Thiruvananthapuram has been set-up with an objective of imparting training in the field of Information Technology to the unemployed youth of Thiruvananthapuram and nearby districts. The training is offered free of cost in computer packages with emphasis on self-employment/wage employment in the IT field.
Amount spent on CSR : roughly Rs 10 crore or 1% of its profits- source – URL : www.businessworldindia.com/Dec2903/coverstory04.asp
Contact details : Canara Bank
112, J C Road, Head Office Bangalore-560 002
Phone No. 080 22221581
Email: hosecretarial@canbank.co.in
Web address : http://www.canarabank.in