Canara Bank has inked a Memorandum of Understanding (MoU) with the Ministry of HRD at New Delhi on February 09, 2017. This step has been taken in order to operationalize the Higher Education Financing Agency (HEFA).
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.