Canara Bank shareholder director Hemant Buch resigns, effective immediately

Canara Bank (BSE:CANBK) announced the resignation of Shri Hemant Buch, Shareholder Director, effective July 1, 2025. The resignation follows a communication from the Reserve Bank of India (RBI), which disqualified serving employees of Life Insurance Corporation of India (LIC) involved in para banking activities from holding board positions in Public Sector Banks (PSBs). The decision aligns with para 4.3(iv)(b) of the Master Direction-Reserve Bank of India ('Fit & Proper' Criteria for Elected Directors on the Board of PSBs) Directions, 2019. Canara Bank has disclosed this information in compliance with Regulation 30 and clause 7B of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.