CURRENT AFFAIRS

Detailed explanation-1: -State-owned Canara Bank on Tuesday said the Union Government has appointed K Satyanarayana Raju as its Managing Director and CEO, with immediate effect. He will be replacing L V Prabhakar who demitted office on December 31, 2022.

Detailed explanation-2: -Central government has announced the appointment of K Satyanarayana Raju as Managing Director and CEO of Canara Bank. His appointment is effective from February 7. Earlier, Raju served Canara Bank as executive director from March 2021. He replaced L V Prabhakar who demitted office on December 31, 2022.

Detailed explanation-3: -Raju, who has nearly 34 years experience as a banker, is currently an Executive Director at Canara Bank and holding this position since March 2021.

Detailed explanation-4: -Shri. Debashish Mukherjee Executive Director of our Bank, is an MBA in Finance from the University of Kolkata. He started his banking career with Punjab National Bank as a Financial Analyst in Scale II in 1994.) He joined United Bank of India as an Assistant General Manager (Credit) in the year 2006.

Detailed explanation-5: -Shri. K Satyanarayana Raju will begin the new role on 7th February 2023. Speaking about credentials, K Satyanarayana Raju has also served Canara Bank as Executive Director since 10th March 2021. He is a Physics Graduate, Post Graduate in Business Administration (Banking and Finance) and CAIIB.