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New Canara Bank CEO Nominee Revealed
22 Dec
Summary
- Brajesh Kumar Singh recommended for Canara Bank MD & CEO.
- Singh currently serves as an executive director at Indian Bank.
- FSIB interviewed 17 candidates for the leadership position.
The Financial Services Institutions Bureau (FSIB) has recommended Brajesh Kumar Singh for the prominent role of managing director and chief executive officer at Canara Bank. This recommendation follows an interface with 17 candidates on December 22, aimed at filling the vacancy created by the upcoming retirement of current MD & CEO K Satyanarayana Raju in December. Singh is currently serving as an executive director at Indian Bank, a position he assumed on March 10, 2024.
Singh brings a wealth of experience, boasting close to three decades in the banking sector. An agriculture graduate, he has held various positions at Bank of Baroda, including credit officer and regional head, before his current role. At Indian Bank, he has been involved in key committees such as the Management Committee and the Credit Approval Committee, demonstrating his broad understanding of banking operations and strategy.
The application process for the Canara Bank leadership position was initiated by FSIB on October 24, with applications invited from candidates across both public and private sector banks. Singh's selection marks a significant step in the transition of leadership at Canara Bank, with his extensive background poised to guide the institution forward.
