Sunil Kumar Chugh Takes Charge as Executive Director at Canara Bank

Canara Bank has announced the appointment of Shri Sunil Kumar Chugh, Chief General Manager at Punjab National Bank, as its new Executive Director. 

The appointment, made by the Central Government, is for a tenure of three years from the date he assumes office or until further orders, whichever comes earlier. 

The Ministry of Finance issued the appointment notification on November 24, 2025, and Shri Chugh officially took charge the same day. The bank has confirmed that he is not barred from holding any directorial position by SEBI or any other regulatory authority.

Extensive Banking Background and Qualifications

Shri Sunil Kumar Chugh brings over three decades of experience in the Indian banking sector. A Chartered Accountant and Certified Associate of the Indian Institute of Bankers, he began his career in 1993 and has served across five major public sector banks, Punjab National Bank, Oriental Bank of Commerce, Union Bank of India, Punjab & Sind Bank and Dena Bank. 

His wide-ranging experience includes roles in Corporate Credit, Retail, Agri & MSME Credit, Financial Inclusion, Stressed Asset Management and Credit Monitoring. He has also headed several large corporate branches across Mumbai, Kolkata and Ahmedabad.

Leadership Roles and Board Experience

In addition to his operational roles, Shri Chugh has served as a director on the boards of PNB Cards & Services Pvt. Ltd, Swift India Domestic Services Pvt. Ltd and IIFCL Asset Management Company Ltd. Before joining Canara Bank, he headed the Hyderabad Zone of Punjab National Bank, further strengthening his leadership credentials.

Canara Bank Share Price Performance

On November 26, 2025, Canara Bank share price (NSE: CANBK) opened at ₹149.69, up from its previous close of ₹148.69. At 10:08 AM, the share price of Canara Bank was trading at ₹151.80, up by 2.09% on the NSE.

Also Read: ACC Approves New Executive Directors Across 7 Public Sector Banks, Including PNB, Central Bank & More!

Conclusion

Shri Sunil Kumar Chugh’s appointment is expected to bring strategic depth, operational expertise and strong leadership to Canara Bank. His extensive experience across multiple banking domains positions him well to contribute significantly to the bank’s future growth and stability.

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