Central Government appoints Rakesh Kashyap as NABARD DMD
The Central Government appointed Shri Rakesh Kashyap as Deputy Managing Director of NABARD effective June 29, 2026, under the National Bank for Agriculture and Rural Development Act, 1981. He will serve until January 31, 2029, or until further orders. Canara Bank disclosed this change in management to the exchanges in compliance with SEBI regulations.
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The Central Government has appointed Shri Rakesh Kashyap as the Deputy Managing Director of the National Bank for Agriculture and Rural Development (NABARD), effective from June 29, 2026. This appointment, communicated via a Gazette Notification, will remain in force until his superannuation on January 31, 2029, or until further orders, whichever is earlier. The notification was issued in exercise of powers conferred by clause (3) of section 6 of the National Bank for Agriculture and Rural Development Act, 1981.
Canara Bank informed the stock exchanges regarding this change in management in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The disclosure was submitted to BSE Ltd and the National Stock Exchange of India Ltd. The official Gazette Notification carries the reference number F. No 7/3/2025-AC and is dated June 29, 2026.
Appointment Details
The notification was signed by Santosh Kumar Barik, the Company Secretary of Canara Bank.
| Detail | Information |
|---|---|
| Appointee Name | Shri Rakesh Kashyap |
| Date of Birth | 02.01.1969 |
| Designation | Deputy Managing Director |
| Effective Date | 29.06.2026 |
| Tenure End Date | 31.01.2029 or until further orders |
Historical Stock Returns for Canara Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.29% | -2.70% | -1.03% | -17.89% | +9.72% | +312.24% |
What strategic priorities will Shri Rakesh Kashyap likely focus on during his tenure as Deputy Managing Director of NABARD?
How might this leadership change impact NABARD's ongoing rural development and financial inclusion initiatives?
What are the potential implications of this appointment for Canara Bank's management structure and future leadership transitions?
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