Canara Bank to appoint two shareholder directors

Canara Bank has announced the unopposed election of two Shareholder Directors at its upcoming 23rd Annual General Meeting. As per the announcement released on June 13, 2025, Ms. Abha Singh Yaduvanshi and Shri Gunjeet Singh Pannu are set to assume their roles as Shareholder Directors, effective July 27, 2025, until July 26, 2028, under Section 9(3)(i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. The Bank's notice, referencing previous intimations from May 8, 2025 and May 30, 2025, confirms the nominees are deemed "Fit & Proper" following review by the Nomination and Remuneration Committee. Due to the unopposed election, Agenda Item No. 6, originally scheduled for the 23rd Annual General Meeting, will not be transacted. The company’s scrip code on BSE is CANBK.