Canara Bank SWOT analysis evaluates the brand by its strengths, weaknesses, opportunities & threats. In SWOT Analysis of Canara Bank, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
Canara Bank is one of the leading brands in the banking & financial services sector. The article below lists the Canara Bank SWOT, competitors and includes its target market, segmentation, positioning & USP.
In this article:
For Canara Bank, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.
The strengths of Canara Bank looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value.
A list of strengths is mostly the starting point in starting SWOT analysis. Below are the Strengths in the SWOT Analysis of Canara Bank :
1. Innovative schemes
2. Technologically advance
3. Articulation of good banking
4. Canara bank has employed over 44,000 people
5. Canara bank made a partnership with UNEP to initiate a successful solar loan programme
The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the Canara Bank SWOT Analysis:
1. Inadequate Publicity
2. Low International presence
3. Customer service is lesser as compared to other banks
Read more about Canara Bank
The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in Canara Bank SWOT Analysis:
1. Rural and social banking
2. Agriculture based consultancy
The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of Canara Bank are as mentioned:
1. Economic crisis
2. Highly competitive environment
3. Changing govt and RBI policies
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Canara Bank:
2. Andhra Bank
Hence this concludes the Canara Bank SWOT analysis.
Continue reading more about the brand/company.
|Canara Bank Overview|
Government of India
Together we can; It's easy to change for those who you love
Strong founding principles
|Canara Bank STP|
Commercial and Personal Banking
Rural and urban middle class group
Complete Banking and financial solutions
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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