Shri Hardeep Singh Ahluwalia

(Non-Executive Director)
(w.e.f. 06/08/2025)

Executive Director, Canara Bank

(Additional Charge for the position of Managing Director and Chief Executive Officer)

Shri Hardeep Singh Ahluwalia, started his banking career as Agricultural Field Officer on 30.03.1992 at Allahabad Bank (now Indian Bank). He is a graduate in Agriculture and a Certified Associate of Indian Institute of Bankers. He has Certification in Credit Management from NIBM Pune & Diploma in Computer Applications in Financial Management.

He has rich banking experience for more than three decades in various functional areas of Banking system (Rural/Semi-Urban/Urban/Metro geographies) in India and abroad (HK) more particularly in strategic positions as Lead District Manager, Head of the International Branch, Zonal Head, Chandigarh & FGM/CGM Kolkata and various other verticals at administrative offices. He has also contributed immensely to the Sports Field as the President of Indian Bank Cultural & Sports Committee.

His proven ability to build productive teams and deliver exceptional results was reflected in all his assignments. As an avid learner he has attended various training programmes and completed Leadership Development Programme of IIM, Bangalore, curated by Banks Board Bureau in consultation with IBA.Before his elevation as Executive Director of Canara Bank, he was General Manager of the Recovery Department at Corporate office of Indian Bank. He has taken charge as Executive Director of Canara Bank on 07.02.2023.

Shri Suresh Srinivasan Iyer

Managing Director & CEO

Shri Suresh Srinivasan Iyer is M.B.A. (finance) and a graduate in B.Sc. (Statistics).

He has worked in Gruh Finance since 1997 and went on to become part of Core Management team early in his career. Having a steady work experience of over 25 Years in Gruh Finance and worked across multiple positions and different functions viz; Sales, Operations, IT Strategy, Policy & Pricing, Risk, Recovery, Legal etc., he has risen the ranks over the years with successful contribution in all the roles & functions.

Shri Vikram Saha

Deputy Managing Director (w.e.f. 29/04/2024)

Shri Vikram Saha has a Bachelor's Degree in Science (B.Sc) , CAIIB (Certified Associate of Indian Institute of Banking & Finance (IIBF) , Certificate on MSME Finance (IIBF), Certificate in Computing.

During his service in the Canara Bank, he had headed different branches/offices including MCB (Mid Corporate Branch which was an ELB (Exceptionally Large Branch) in size, VLB (Very Large Branch), SME Sulabh spanning different geographies of the country. He has exposure in IT, Credit, MSME, Mid Corporate and Inspection. He has also headed two Regional Offices. Prior to his posting to the Company, he was the Head of Zonal Inspectorate-Lucknow as Deputy General Manager which is assigned with three Circles comprising of more than one thousand branches, tasked with Inspection and Audit responsibilities.

Smt Shubhalakshmi Panse

(Independent Director)

Former Chairman & MD, Allahabad Bank

Smt. Shubhalakshmi Panse is a Post Graduate in Science (M.Sc.), Diploma in Business Management (DBM), Masters in Management Sciences with Specialization in Financial Management (MMS), Masters in Business Administration with specialization in Bank Management (USA) and CAIIB.

Presently, she is on the Boards of Atul Ltd. and Sudharshan Chemical Industries Ltd. as an Independent Director.

Smt. Shubhalakshmi Panse has been a Member of External Advisory Committee set up by RBI for vetting the applications received for setting up Payment Banks. She was a member of P J Nayak Committee set up by the Government of India for Corporate Governance in PSBs. She was also a member of Appointments Committee for selection of CMDs & EDs of public sector banks.

Smt. Shubhalakshmi Panse was appointed as the Chairperson & Managing Director, Allahabad Bank from October 01, 2012 to January 31, 2014. (Prior to that she was an Executive Director of Vijaya Bank from November 20, 2009 to September 30, 2012). She was also the Chairperson of ALLBANK Finance Ltd., a subsidiary of Allahabad Bank and Director on the Board of Universal Sompo Insurance Company, a joint venture company of Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Sompo of Japan & Dabar Company.

Smt. Shubhalakshmi Panse joined as Probationary Officer in Bank of Maharashtra in 1976 and served up to the level of General Manager in Bank of Maharashtra. She has wide experience in the areas of Balance Sheet Management, Funds Management, Treasury Management, Corporate Credit Appraisal, Credit Monitoring & restructuring and NPA Management, expertise in Project Appraisal and Monitoring and Implementation, Business Planning, Conceptualising and Planning the road map of Information & Technology, establishing and putting in place systems and procedures for new business outlets and running them efficiently and effectively, Human Resource Development & Management strategies. She has an experience of about 40 years in the banking industry. The Director has participated in the capacity building activities of ID Databank organised by IICA.

Shri Ajai Kumar

(Independent Director)

Former Chairman & Managing Director, Corporation Bank

Shri Ajai Kumar, is a Master Degree holder in Science (Physics), Bachelor degree in Science, LLB and has acquired CAIIB (Certified Associate of Indian Institute of Banking) certification.

Presently, he is on the Boards of National Urban Co-Operative Finance and Development Corporation Limited, Indiabulls Investment Management Limited, Future Generali India Insurance Company Limited, Amar Ujala Limited, HFCL Limited, Adani Krishnapatnam Port Limited and Satyadevi Institute of Financial Learning.

He has over 40 years of experience in public sector banking industry holding eminent position in India and overseas (New York, USA). He has acquired multidimensional experience in the field of Global and Domestic banking Operation, Risk Management, Treasury, Investment and Money Marketing Operations, Human Resources Management, Business process re-engineering, Retail Banking Operations, Project Management and Banking Information Technology. His past engagements include appointment as Chairman & Managing Director of Corporation Bank, Managing Director & CEO (interim) of Yes Bank Ltd, Executive Director of UCO Bank, General Manager of Bank of Baroda, etc. The Director has participated in the capacity building activities of ID Databank organised by IICA.

Shri Swarupananda Mallick

(Independent Director)

(w.e.f. 21/08/2025)

Shri Swarupananda Mallick is a seasoned banking professional with 27 years of experience across various domains of the financial services industry, including compliance, risk management, operations, and customer relationship management. Over the course of his career, He had worked with leading financial institutions such as Yes Bank, Axis Bank, IDBI Bank, IndusInd Bank, UTI Bank and Federal Bank.

He holds a Post Graduate Diploma in Business Administration (Marketing) and have completed specialized certifications in banking and compliance such as Certified Anti Money Laundering Investigator (CAMI),Junior Associate of Indian Institute Of Banker, Digital Banking, Micro Finance, Cyber Crime & Fraud Management, KYC & AML, Customer Service & Banking Codes and Standards, which have further strengthened his expertise in finacial sector . His approach emphasizes integrity, detail-oriented analysis, and a commitment to continuous improvement in risk governance and operational efficiency.

He was Head, Service Delivery of Emerging Branch Banking in Yes Bank from September 2021 to June 2024. He has worked as Principal Nodal officer of Yes Bank in 2020. He has worked as Principal Nodal officer of Yes Bank in 2020. He had handled the Regulatory escalation desk of Axis Bank. He has handled the Regional Processing Unit and Central Processing Unit of IDBI Bank from 2007 to 2011.

He has successfully led and delivered multiple automation and digitization initiatives aimed at enhancing operational efficiency, reducing manual workload, and improving data integrity across various business functions. In addition to automation, he has successfully led digitization efforts aimed at converting paper-based systems into digital formats. This involved mapping existing processes, selecting appropriate digital tools, and ensuring smooth transition through change management initiatives. He worked closely with IT, operations, compliance, and business units to ensure alignment with organizational goals. His ability to translate business requirements into technical solutions played a key role in the successful rollout of both automation and digitization initiatives.

Shri Arvind Narayan Yennemadi

(Independent Director)

Practicing Chartered Accountant

Shri Arvind Narayan Yennemadi is a Chartered Accountant from the Institute of Chartered Accountants of India, B.Com.from Mumbai University and D.I.S.A. qualification.

He has over 46 years’ experience in the audits of Public and Private Sector Banks as Concurrent/ Statutory Auditor and has domain knowledge in the field of Taxation. Handled Audit function in an Engineering company at Mumbai (May 1977 till March 1978) looking after the Site Expense Control & Monitoring. Practiced in a Partnership firm of Karnik Yennemadi & Co. (April 1978 till March 1996), Mumbai, mainly carrying out the Audits of Private limited companies (Clients in industries such as Automotive, Electricity Transmission, Heavy Engineering, Composite Textile Mill, Agricultural Produce & Marketing, Petroleum & Refinery, Courier Service, etc.).

He had handled Concurrent audits of Co-operative Banks, NBFCs, Statutory/ Special Audits for branches of PSBs such as Oriental Bank, Andhra Bank, Indusind Bank, Punjab & Sind Bank, etc., Special Investigation Audits for MSFC, Central Bank of India, Bank of India on behalf of BIFR. He has been handling Call Back operations for Payment Control Division at HDFC Bank (CPU) since 2007 till date. Has also carried out testing of Internal Financial Controls for Foreign Bank and Taxation services including representation at Appellate Level. Joined RAY & RAY, as Partner, having offices in all the Metros (April 1996 till Date).

He has handled audits of Large Public Sector banks such as:-Bank of Baroda: Treasury (SITB) Ops/Money Market Ops, International Division, HO audit consolidation (Central Statutory Audit), Punjab National Bank (Branch Statutory Audit), Union Bank of India (Branch Concurrent audits), Punjab National Bank (Mid–Corporate Branch), Dena Bank (Treasury), State Bank of India (International Branches), Bank of India, Oriental Bank of Commerce, Axis Bank, Andhra Bank, Corporation Bank (All Branch/Statutory branch Audits) along with Statutory Audits of FI’s such as IFCI & IDB.

Shri Murali Ramaswami

(Independent Director)

Former Executive Director in Bank of Baroda & Vijaya Bank.

Shri Murali Ramaswami is a Graduate in Commerce with additional Qualifications of AICWA, MBA (Corporate Finance, Foreign Trade and Market Research),CAIIB and Diploma in Business Finance.

Presently he is an Independent Director on the Board of the Karur Vysya Bank Limited.

Shri Murali Ramaswami is External Member in the panel of Screening Committee for Sanctioning and Recommendation of Compromise Proposal, Sale to ARC/ Bank/ FI/NBFC, empanelled COE Expert in Finance of Indian Port Association (IPA).

With over 30 years of experience in Banking sector, Shri Murali Ramaswami reached up to the position of Executive Director in Bank of Baroda and in Vijaya Bank. He had handled the first 3- way amalgamation of Bank of Baroda, Vijaya Bank & Dena Bank as in-charge of Integration Management. He has Diverse and distinct experience of heading Corporate Credit, Treasury and Global Markets, International Operations, Cash Management, Integration Management, Information Technology, Digital Banking & Information Technology. He has expertise in NPA Management, Restructuring & Rehabilitation of units, experience in job evaluation & merit rating. He has handled Disciplinary Proceedings as Enquiry Officer.

Shri K Satyanarayana Raju

Non-Executive Chairman

Former Managing Director & CEO, Canara Bank

(upto 31/12/2025)

Shri K. Satyanarayana Raju is a Physics graduate, post graduate in Business Administration (Banking and Finance) and Certified Associate of Indian Institute of Bankers (CAIIB). He had joined erstwhile Vijaya Bank in 1988 and had risen to the level of General Manager and after merger he was elevated to the rank of Chief General Manager in Bank of Baroda. During his tenure at erstwhile Vijaya Bank (Bank of Baroda), he had headed various branches including specialized corporate banking branch. He had served as Regional Head of various regions and also served as Zonal Head of Mumbai zone of the amalgamated Bank of Baroda. He has also headed operations and services department at Head Office. He had served as a Director in BoB Financial Solutions Limited, a subsidiary of Bank of Baroda. He was also a member of the Steering Committee of BOB-IIT Bombay Innovation Centre.

Shri K. Satyanarayana Raju has taken the charge as the MD & CEO of Canara Bank with effect from February 02, 2023. He was the Executive Director of Canara Bank from March 03, 2021 and had been overseeing various verticals in Canara Bank including Information Technology & Digital Banking, Business Analytics & Information System, Inspection, Compliance, Priority Credit, Financial Inclusion, Gold Loan, MSME, Retail Asset, Corporate Credit, General Administration, Marketing & Public Relations, etc.