Canara Bank names sole director candidate, cancels EGM

Canara Bank announced the outcome of the election process for one director from amongst shareholders, excluding the Central Government. The extraordinary general meeting (EGM) scheduled for September 25, 2025, which was solely convened for this election, has been cancelled. This decision follows the receipt of only one valid nomination against the single vacancy.

The nominated individual, Balakrishna Raghavendra Rao, will be deemed elected as a director from September 13, 2025. Rao, 62, holds an M.Sc.-Tech degree, bringing expertise in banking. This information was released through newspaper publications on September 13, 2025.