Canara Bank Securities Limited (CBSL), originally incorporated in 1996 as Gilt Securities Trading Corporation Limited (GSTCL), began as a Primary Dealer, specialized entity focused on government securities trading. The Primary Dealer activity of the Company was taken over by the parent Bank in February, 2007. In 2009, it was renamed to Canara Bank Securities Limited to reflect its broader strategic realignment and a shift in business focus toward retail and institutional equity broking. Today, CBSL operates as a wholly-owned subsidiary of Canara Bank, offering a comprehensive suite of financial services including equity trading on NSE and BSE, depository services through NSDL, Mutual Fund distribution, IPO application support, and mobile-based trading platforms. This transformation marks its evolution from a niche gilt trading firm to a full-spectrum capital market intermediary serving a diverse client base.

Principal Objectives

The principal objectives of Canara Bank Securities Limited (CBSL) centers on expanding access to capital markets and enhancing financial inclusion through secure, transparent, and technology-driven investment services. As a wholly-owned subsidiary of Canara Bank, CBSL aims to provide a robust institutional and retail platform for equity trading, promote investor participation in primary and secondary markets, and deliver efficient depository and brokerage services. It strives to uphold regulatory compliance, foster investor education, and support wealth creation by offering reliable, research-backed financial products tailored to diverse customer segments

Organizational Setup

As per SEBI guidelines the Company has functional separation for.

• Trading Front Office
• Settlement accounting and Reconciliation Back Office and Accounting and
• Monitoring and Control Middle Office

Similarly, there is a separation of transactions relating to Proprietary trades, Institutional accounts and Constituents' accounts. The Company is Board managed. Day to day affairs are overseen by the Managing Director, assisted by the executives heading the departments and supported by competent and experienced staff, who are on deputation from Canara Bank.