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Informist, Thursday, Apr. 9, 2026

--Govt extends Hardeep Ahluwalia's term as Canara Bank MD, CEO by 3 mos 

MUMBAI – The government has extended the term of Canara Bank Managing Director and Chief Executive Officer Hardeep Singh Ahluwalia till Jun. 30, the bank told exchanges Thursday. Ahluwalia, an executive director at the bank, has been holding the additional charge of managing director and chief executive officer since January. 

Ahluwalia was given the additional charge after the then managing director K. Satyanarayana Raju retired on Dec. 31. The Financial Services Institutions Bureau, the government's headhunter for financial institutions, has twice invited applications for the post of managing director and chief executive officer of Canara Bank. On Dec. 22, the bureau had recommended Indian Bank Executive Director Brajesh Kumar Singh for the post. Singh is another executive director of the bank.

Ahluwalia will continue to hold the additional charge at Canara Bank till Jun. 30 or "until the appointment of a regular incumbent to the post of MD & CEO, Canara Bank, or until further orders, whichever is earlier," the public-sector bank said. 

For the December quarter, Canara Bank had reported a net profit of INR 51.55 billion on a total income of INR 398.81 billion. At 1323 IST, shares of the lender were down 0.8% at INR 138.14 on the National Stock Exchange.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Shubham Rana

Edited by Tanima Banerjee

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