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Canara Bank Names K Satyanarayana Raju Appointed As New MD & CEO

K Satyanarayana Raju will begin serving as MD and CEO on February 7, 2023, per the appointment by the Indian government

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The government on Tuesday announced the appointment of K Satyanarayana Raju as Managing Director and CEO of Canara Bank.

He took over for L. V. Prabhakar, who left on December 31, 2022. K Satyanarayana Raju will begin serving as MD and CEO on February 7, 2023, per the appointment by the Indian government.

Raju has also served Canara Bank as Executive Director since 10th March 2021.

He holds degrees in physics, business administration (finance and banking), and CAIIB.

In 1988, he joined the former Vijaya Bank, and today he is the Chief General Manager of the Bank of Baroda. He has led a number of branches, including a specialized corporate banking branch, for 12 years over the course of his 33-year banking career. He was the Regional head of Shimoga, Vijayawada, Hyderabad, and Mumbai. He served as the zone's head for Mumbai, the bank's largest zone. He has also led the operations and services department at the corporate level.

His experience spans all areas of banking, including branch banking, corporate credit, retail credit, agri financing, credit monitoring, credit recovery, compliance, etc. Also, his rich experience and exposure led to the digital transformation of banking products and services.


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