Canara Bank launches new products and services

Canara Bank has launched a healthcare-focused loan product, Canara Heal, designed to meet the deficit in hospitalization expenses while settling through TPA healthcare insurance claims. Additionally, it has launched a customized savings account for women, Canara Angel, with unique features like a Cancer Care policy, pre-approved personal loan Canara ReadyCash, and an online loan against term deposit product, Canara MyMoney.

The PSU lender has also unveiled Canara UPI 123PAY ASI, a user-friendly payment interface, and the Canara HRMS Mobile App for Staff, an HR management solution for the bank’s employees.

Rajesh Bansal, CEO of the Reserve Bank Innovation Hub, along with Canara Bank’s MD & CEO, K Satyanarayana Raju, and executive directors Debashish Mukherjee, Ashok Chandra, Hardeep Singh Ahluwalia, and Bhavendra Kumar, unveiled these products and services.