Satyanarayana Raju appointed as the new MD & CEO of Canara Bank

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The Central Government has appointed K Satyanarayana Raju as the new Managing Director and CEO of the state-owned Canara Bank.

An overview of the news:

• He will replace LV Prabhakar, who resigned from his post on December 31, 2022.

• He was working as Executive Director in Canara Bank since March, 2021.

• Satyanarayana Raju has vast experience in Branch Banking, Corporate Credit, Retail Credit etc.

Canara Bank:

• It is a leading commercial bank of India.

• It was established in 1906, by Sri Ammembal Subba Rao Pai.

• Syndicate Bank was merged with Canara Bank on 1 April 2020. After this merger, Canara Bank has become the fourth largest bank in the country.

• Headquarters Bangalore, India