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Six private-sector applicants in race for Canara top post
Business Standard
|December 17, 2025
For the first time, six candidates from the private sector have applied for the post of Managing Director (MD) and Chief Executive Officer (CEO) of public sector lender Canara Bank.
Interviews are scheduled for December 22, according to sources who spoke on condition of anonymity.
“A total of 19 candidates have applied for the top post, including one from State Bank of India, 12 from other public sector banks, and six from private sector banks,” one source said. The interviews for all applicants will be conducted by the Financial Services Institutions Bureau (FSIB), they added.
The tenure of current MD & CEO, K Satyanarayana Raju, ends December 31.
On October 9, the government opened up one MD position in State Bank of India (SBI) and other PSBs for private sector bankers. This was seen as a major overhaul in the way leadership is chosen in India’s public financial institutions. The government gave FSIB the power to assess and recommend candidates, setting aside their Annual Performance Appraisal Reports (APARs).
Denne historien er fra December 17, 2025-utgaven av Business Standard.
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