Canara Bank has announced the appointment of Shri. Sunil Kumar Chugh as Executive Director, effective November 24, 2025. The appointment, made by the Central Government, is for a term of three years. Mr. Chugh previously held the position of Chief General Manager at Punjab National Bank. His extensive experience in the banking sector is expected to benefit Canara Bank’s strategic initiatives.
Executive Director Appointment
Canara Bank welcomes Shri. Sunil Kumar Chugh as its new Executive Director, effective November 24, 2025. This appointment follows the Central Government’s decision, utilizing powers under the Banking Companies Act. The term will last for three years from the date he assumed office, or until further notice.
Background of Shri. Sunil Kumar Chugh
Prior to joining Canara Bank, Shri. Sunil Kumar Chugh served as the Chief General Manager at Punjab National Bank. He brings a wealth of experience to the role.
Experience and Expertise
Shri Sunil Kumar Chugh has over three decades of banking experience, beginning in 1993. He has served in five public sector banks, including Punjab National Bank, Oriental Bank of Commerce, Union Bank of India, Punjab & Sind Bank and Dena Bank. His expertise spans diverse functional roles and leadership responsibilities.
Key Roles Held
Throughout his career, Shri. Chugh has led several key business and operations verticals, such as Corporate Credit, Retail, Agri & MSME (RAM) Credit, Financial Inclusion, Stressed Assets Management, and Credit Monitoring. He has also headed Large Corporate Branches in major cities like Mumbai, Kolkata, and Ahmedabad.
Previous Directorships
Shri. Chugh has served as a director on the boards of M/s PNB Cards & Services Pvt. Ltd., M/s Swift India Domestic Services Pvt. Ltd., and IIFCL Asset Management Company Ltd.
Prior Role
Before his appointment as Executive Director of Canara Bank, Shri Chugh was the head of the Hyderabad Zone of Punjab National Bank.
Source: BSE
