Canara Bank appoints Sunil Kumar Chugh as executive director

Canara Bank has announced the appointment of Sunil Kumar Chugh as executive director, effective November 24, 2025. Chugh, a chartered accountant with over three decades of banking experience across five public sector banks, will serve for three years from the date of assuming charge. His extensive background includes leadership roles in corporate credit, retail, agri & MSME credit, financial inclusion, stressed assets management, and credit monitoring. He previously headed Hyderabad Zone for Punjab National Bank.

In a related development, the bank also announced the appointment of Prabhat Kiran as executive director at Bank of Maharashtra. Kiran, chief general manager at Canara Bank, will take on this new role for three years, effective from his assumption of charge. Both appointments were made by the Central Government under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

These changes are effective as per Government of India notifications dated November 24, 2025. The bank confirmed that neither director is debarred from holding office by any SEBI order or other authority.