Canara Bank Limited announced that L V Prabhakar has retired from the role of Managing Director and Chief Executive Officer of the Bank, with effect from December 31, 2022.
According to the Bank’s exchange filing, “This is to inform the Exchanges that Shri L V Prabhakar, Managing Director & CEO of the bank has retired from the services of the bank on 31st December 2022, on attaining the age of superannuation.”
L V Prabhakar has over 34 years of rich experience in banking, spread across a spectrum of domains. He is the Chairman of Canara Robeco Asset Management Co. Ltd, Canara HSBC OBC Insurance Company Ltd & Canfin Homes Ltd. He is the Chairman of IBA Standing Committee on Payment Systems & Banking Technology. He is Director on the Board of Governing Council of Indian Institute of Banking & Finance (IIBF) & National Institute of Banking Management (NIBM)
Prior to joining Canara Bank, L V Prabhakar worked as the Executive Director of Punjab National Bank. He handled various verticals of the Bank viz., Credit, Treasury and Human Resources. He was also instrumental in strengthening systems and procedures by taking initiatives such as Stressed Assets Management Vertical, Digitization of Trade Finance. He has also served on the Boards of PNB Metlife India Insurance, PNB Housing Finance Limited and Everest Bank Ltd, Nepal.
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