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About Canbank Factors
Canbank Factors Limited A subsidiary of CANARA BANK, a leading Public Sector Bank, reputed for its diversified and professional services. Incorporated in the year 1991, with Small Industries Development Bank of India(SIDBI) and Andhra Bank as co-promoters. As a Non-Banking Financial Company, the Company is governed by the Regulatory Norms of Reserve Bank of India. As one of the leading factoring industry in INDIA , with a Factored Turnover of Rs.3123.04 crores ( as on 31 March 2013 ). The Chairman & Managing Director and the Executive Director of CANARA BANK are the CHAIRMAN and the VICE CHAIRMAN respectively of the Company.Managed by the Managing Director, a executive in top management cadre deputed from CANARA BANK, under the guidance and control of Board of Directors, consisting of eminent personalities from Financial Sector. The day-to-day affairs of the company are managed professionally, by a team of qualified and committed executives and officials, deputed from Canara Bank.