Canara Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
2018
UK anti-money-laundering enforcement
The UK Financial Conduct Authority fined Canara Bank’s UK division £890,000 and restricted it from accepting new deposits for approximately five months after identifying systematic anti-money-laundering shortcomings.
Reported RBI regulatory penalty
Canara Bank was reported to have been penalized by the Reserve Bank of India for non-compliance involving external-benchmark loan-rate linking and other operational requirements.