FSIB recommends Brajesh Kumar Singh as MD and CEO of Canara Bank

The Financial Services Institutions Bureau (FSIB) on Monday (December 22) recommended Brajesh Kumar Singh for the position of Managing Director and Chief Executive Officer of Bengaluru-based Canara Bank.

The recommendation follows an interface conducted by the bureau with 17 candidates on December 22, 2025, for the top post at the state-owned lender. The FSIB said the recommendation was made after assessing the candidates’ performance in the interaction, their overall experience, and extant parameters.

Brajesh Kumar Singh is currently serving as Executive Director of Indian Bank. He is set to replace K Satyanarayana Raju, who is due to superannuate later this month.

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The FSIB, which acts as the headhunter for directors of public sector banks and financial institutions, said the final decision on its recommendation will be taken by the Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi.

Other members of the bureau include Animesh Chauhan, former chairman and managing director of the erstwhile Oriental Bank of Commerce; Deepak Singhal, former executive director of the Reserve Bank of India; and Shailendra Bhandari, former managing director of the erstwhile ING Vysya Bank.

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Shares of Canara Bank Ltd ended at ₹150.05, up by ₹0.99, or 1.47%, on the BSE.