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About Us

Promoters Activity

The Company, a Subsidiary of Canara Bank was incorporated and accredited as a Primary Dealer PD in 1996 in the name of 'Gilt Securities Trading Corporation Limited. GSTCL' with a paid-up capital of Rs.100 Crores.

The Primary Dealer activity of the Company was taken over by the parent Bank in February, 2007 and the Company is focusing on capital market related activities mainly into equity broking and distribution of Financial Products.

The name of the Company has been changed as 'Canara Bank Securities Ltd. CBSL' in 2009.

The On Line Trading OLT in Equity and FNO is a product added by CBSL to Financial Super Market of Canara Bank. This facilitates seamless trading in stock market by investor clients of the Bank at their comfort and convenience.

Principal Objectives

To provide a viable and efficient institutional platform for competitive trading in equities.

To develop a Retail Equity market with broader investor base by offering enhanced trading facility to the equity instruments and hassle-free & speedy service using state of the art technology in the market.

To create an active secondary market for Equities, assure prompt settlement, Liquidity to the instrument and transparency in dealing.

To provide Trading Convenience by way of

  • Efficient and Speedy On-Line Service
  • Transparency in operation
  • Prompt Settlement

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.

Bankers To The Company

  Canara Bank

Auditors To The Company

 Samria & Co. Statutory Auditor

 B Y & Associates Internal Auditor

Company Secretary

 Shri. Himanshu Katare

Chief Financial Officer

 Smt. Madhuri Appan