Brajesh Kumar Singh in line to lead Canara Bank as MD and CEO, FSIB recommends

The Financial Services Institutions Bureau (FSIB) has recommended Brajesh Kumar Singh for the position of Managing Director and Chief Executive Officer of Canara Bank, according to an official FSIB release. The recommendation was made after the bureau finalized its selection process for the top role at the government-owned lender.

According to the FSIB, the bureau interacted with 17 candidates on December 22, 2025, as part of the selection process for the MD & CEO position at Canara Bank. The candidates were evaluated through a formal interface, which is a standard method used for senior appointments in public sector banks.

The FSIB stated that its recommendation was based on multiple factors, including candidates' performance during the interface, their overall professional experience, and the parameters already established for such appointments, according to the bureau. After evaluating these aspects, the FSIB chose Brajesh Kumar Singh as the most suitable candidate for the role, as per the official statement.

Brajesh Kumar Singh is currently serving as Executive Director at Indian Bank and will replace K Satyanarayana Raju upon his superannuation this month. He has extensive experience in the banking sector, having held senior roles in various areas of banking operations, policy implementation, and management.

The FSIB’s recommendation will now be forwarded to the Appointments Committee of the Cabinet for final approval, as stated by the FSIB. The committee, led by Prime Minister Narendra Modi, makes the final decision on top-level appointments in public sector banks, in accordance with established government procedures.

The FSIB was established by the government to recommend candidates for senior roles in financial institutions, including public sector banks and insurance companies. Its responsibilities include evaluating candidates systematically and submitting recommendations to the government for final approval, according to the bureau.

Canara Bank is one of India’s largest public sector banks, with a broad domestic and international presence, according to the FSIB. The appointment of a new MD & CEO is viewed as a crucial step in maintaining leadership and management continuity at the bank.