Canara Bank has appointed Shri Sunil Kumar Chugh, Chief General Manager at Punjab National Bank, as its new Executive Director. The appointment has been approved by the Central Government for a term of three years from the date he assumes office or until further orders. Shri Chugh took charge on November 24, following the formal notification issued by the Ministry of Finance. The bank has confirmed that he faces no regulatory restrictions from SEBI or any other authority.
Shri Chugh brings more than 30 years of experience across India’s public sector banking system. A Chartered Accountant and Certified Associate of the Indian Institute of Bankers, he began his career in 1993 and has since served in five major state-owned banks: Punjab National Bank, Oriental Bank of Commerce, Union Bank of India, Punjab & Sind Bank and Dena Bank. His expertise spans Corporate Credit, Retail, Agriculture and MSME Finance, Financial Inclusion, Stressed Asset Management and Credit Monitoring. He has also headed several key corporate branches in Mumbai, Kolkata and Ahmedabad.
Beyond his operational responsibilities, Shri Chugh has held board positions at PNB Cards & Services Pvt. Ltd, Swift India Domestic Services Pvt. Ltd and IIFCL Asset Management Company Ltd. Prior to joining Canara Bank, he was heading the Hyderabad Zone of Punjab National Bank, underscoring his extensive leadership and administrative experience.
His induction is expected to strengthen Canara Bank’s senior leadership bench as the institution continues its focus on credit growth, operational strengthening and digital transformation across business verticals.
From a risk-management standpoint, his deep experience in stressed assets and credit monitoring positions him to reinforce Canara Bank’s risk discipline at a time when governance, resilience and forward-looking risk culture are emerging as core leadership priorities across Indian banking.
