Hardeep Singh Ahluwalia has been appointed as Managing Director (MD) & Chief Executive Officer (CEO) of the Canara Bank. Ahluwalia will be functioning in this capacity in an additional charge, effective January 1, 2026. This interim arrangement had to be made following the superannuation of K Satyanarayana Raju from the post on December 31, 2025.
The Department of Financial Services (DFS) under the Ministry of Finance issued a notification to this effect on December 30, 2025.
Ahluwalia is currently serving as Executive Director at Canara Bank and will be holding the charge of MD & CEO for a period of three months or until a regular incumbent is appointed.
The interim arrangement has been made to ensure continuity and stability at the helm of the public sector lender during the transition phase.
Ahluwalia has been a seasoned banker with over three decades of experience in handling a wide range of assignments across business verticals and geographies. His professional career includes exposure to international banking operations, notably in Hong Kong, along with extensive experience in credit, operations, risk management, and strategic leadership roles within the banking sector.
It is pertinent to mention here that the Financial Services Institutions Bureau (FSIB) had on December 22, 2025, recommended Brajesh Kumar Singh’s name for appointment as MD & CEO of Canara Bank. But it needs approval from the Appointments Committee of the Union Cabinet.
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