K Satyanarayana Raju has been appointed as the new Managing Director and CEO of Canara Bank, effective 7th February, 2023. He has replaced L V Prabhakar who demitted office on 31 December 2022. Raju has served Canara Bank as Executive Director since 10th March 2021.
He has joined erstwhile Vijaya Bank in 1988 and has risen to the level of Chief General Manager in Bank of Baroda. During his 33 years of long banking career he has headed various Branches for 12 years including Specialised Corporate Banking Branch. He was Regional head of Shimoga, Vijayawada, Hyderabad and Mumbai. He was also Zonal Head of Mumbai Zone which is the Biggest Zone of the Bank. He has also headed Operations and Services Department at Head Officeead He.
He has a very rich and vast experience in all Segments 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 digital transformation of Banking products and services.
K Satyanarayana Raju is a Physics Graduate, Post Graduate in Business Administration (Banking and Finance) and CAIIB.
