Canara Bank has received government approval to extend the additional charge for the Managing Director and Chief Executive Officer position to Shri Hardeep Singh Ahluwalia for an additional three months. The extension comes as the bank continues its leadership transition process under regulatory oversight.

Government Notification Details

The Department of Financial Services, Ministry of Finance, Government of India, issued notification No. 4/3/2024-BO.I dated April 09, 2026, formally extending Ahluwalia's additional charge. The notification provides specific parameters for the extension period and conditions.

Leadership Profile and Experience

Shri Hardeep Singh Ahluwalia brings extensive banking expertise to the MD & CEO role, with a career spanning over three decades. He commenced his banking journey as Agricultural Field Officer on March 30, 1992, at Allahabad Bank, which is now part of Indian Bank.

Professional Qualifications and Background

Ahluwalia holds a graduate degree in Agriculture and is a Certified Associate of the Indian Institute of Bankers. His professional development includes:

• Certification in Credit Management from NIBM Pune
• Diploma in Computer Applications in Financial Management
• Leadership Development Programme from IIM Bangalore, curated by Banks Board Bureau in consultation with IBA

Career Progression and Experience

Throughout his banking career, Ahluwalia has held strategic positions across various functional areas and geographies, including international experience in Hong Kong. His notable positions include:

• Lead District Manager
• Head of International Branch
• Moradabad Zonal Head
• Chandigarh Field General Manager, Kolkata
• General Manager of Recovery Department at Corporate office of Indian Bank
• President of Indian Bank Cultural & Sports Committee

Regulatory Compliance and Declarations

The bank has confirmed full compliance with regulatory requirements for the leadership appointment. Key compliance aspects include:

The extension ensures continuity in the bank's leadership while the search for a permanent MD & CEO continues. Ahluwalia's proven track record in building productive teams and delivering results across various banking verticals positions him well for the extended tenure.

Canara Bank has announced the opening of a special window to facilitate the transfer and dematerialisation of physical securities, following regulatory guidelines issued by the Securities and Exchange Board of India (SEBI).

Special Window Details

Pursuant to SEBI Circular No. HO/38/13/11(2) 2026-MIRSD-POD/1/3750/2026 dated January 30, 2026, the bank has opened a special window for shareholders to transfer and dematerialise physical securities that were sold or purchased prior to April 1, 2019.

Eligibility and Coverage

The special window facility extends to transfer requests that were previously submitted but faced rejection, return, or non-processing due to various reasons including document deficiencies, procedural gaps, or other issues. This comprehensive approach ensures that shareholders who encountered difficulties in earlier attempts can now complete their transfer and dematerialisation processes.

Registrar and Transfer Agent Information

Shareholders seeking to utilise this facility can submit their requests along with necessary documents to the bank's Registrar and Transfer Agent (RTA):

Shareholder Advisory

The bank has issued comprehensive guidance for shareholders to ensure smooth processing and communication. All shareholders are requested to update their KYC details including PAN, email ID, address, mobile number, and bank account details with their Depository Participant (DP) if shares are held in demat form, or with the RTA if shares are held in physical form.

Shareholders holding physical share certificates are specifically advised to dematerialise their shares by submitting share certificates to their respective Depository Participant (DP) to ensure ease of communication and seamless dividend payments.

Regulatory Compliance

This initiative demonstrates Canara Bank's commitment to regulatory compliance and shareholder service enhancement. The special window represents a significant opportunity for shareholders who have been unable to complete their transfer and dematerialisation processes due to previous complications or documentation issues.

The bank's proactive approach in publishing notifications across multiple languages - English, Hindi, and Kannada - ensures widespread awareness among its diverse shareholder base across different regions of India.