Canara Bank Extends Term of Executive Director Hardeep Singh Ahluwalia

Canara Bank, one of India’s leading public sector banks, has announced the extension of the term of its Executive Director, Shri Hardeep Singh Ahluwalia, until 30 June 2027 or until further orders, whichever is earlier. This extension follows the notification issued by the Department of Financial Services, Ministry of Finance, Government of India on 15 September 2025, received by the bank on 16 September 2025.

Experienced Banking Leadership

Shri Hardeep Singh Ahluwalia began his banking career on 30 March 1992 as an Agricultural Field Officer at Allahabad Bank, now merged with Indian Bank. He holds a graduate degree in Agriculture and is a Certified Associate of the Indian Institute of Bankers. He also holds certifications in Credit Management from NIBM Pune and a Diploma in Computer Applications in Financial Management.

Over his career spanning more than three decades, he has served in key positions in rural, semi-urban, urban, and metro geographies in India and internationally in Hong Kong. His roles have included Lead District Manager, Head of International Branch, Zonal Head Chandigarh, FGM/CGM Kolkata, and other senior administrative positions. He has also contributed to the sports sector as President of the Indian Bank Cultural & Sports Committee.

Leadership Development and Achievements

Shri Ahluwalia has actively participated in multiple training programs and completed the Leadership Development Programme of IIM Bangalore, curated by the Banks Board Bureau in consultation with IBA. Prior to his elevation as Executive Director of Canara Bank, he served as General Manager of the Recovery Department at the Corporate Office of Indian Bank, demonstrating his strategic and operational expertise.

Governance Compliance

This re-appointment has been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with corporate governance norms. Shri Ahluwalia is not related to any other directors of Canara Bank and is not debarred by SEBI or any other regulatory authority from holding the position of Director.

Conclusion

The extension of Shri Hardeep Singh Ahluwalia’s tenure as Executive Director strengthens leadership continuity, governance stability, and strategic management at Canara Bank. With his extensive experience and proven track record, the bank is well-positioned to continue achieving operational excellence and delivering value to its stakeholders.

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