Bengaluru, Karnataka, India, November 2025 — Canara Bank is pleased to announce the appointment of Shri. Sunil Kumar Chugh as Executive Director of the Bank, with effect from November 24, 2025, for a period of 3 years. Before this elevation, Shri Sunil Kumar Chugh was serving as the Chief General Manager at Punjab National Bank.
Shri Chugh brings over three decades of rich and diverse experience in the banking sector. During his tenure at PNB, Shri Chugh was instrumental in steering multiple transformational initiatives, making significant contributions to the bank’s digital, retail, and corporate banking strategies. His leadership in strengthening risk management, compliance, and credit monitoring frameworks has been widely recognised.
Shri Chugh previously led large corporate branches in Kolkata, Ahmedabad, and Mumbai at the erstwhile Oriental Bank of Commerce, along with managing key responsibilities at the Corporate Office and various Controlling Offices across different banks. His wide-ranging experience includes Corporate Credit, Foreign Exchange, Recovery and Resolution of Stressed Assets, and Credit Monitoring, which enhance his leadership and strategic decision-making skills.
Welcoming his appointment, Canara Bank stated that Shri Chugh’s extensive expertise and proven track record in spearheading strategic initiatives will further strengthen the Bank’s leadership team and contribute to its continued growth trajectory.
About Canara Bank:
Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port in Karnataka. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank was strewn with many memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks. With an unbroken record of profits since its inception, Canara Bank has several firsts to its credit.
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