Media Release

Mangaluru, Feb 4: L V Prabhakar has assumed office as managing director and chief executive officer of Canara Bank on February 1, 2020. He holds a Masters Degree in Agriculture and is a Certified Associate of Indian Institute of Bankers (CAIIB).

Prior to his appointment as MD and CEO of Canara Bank, he was holding the post of executive director at Punjab National Bank. He spearheaded the recovery efforts of the Bank. During his tenure, the gross domestic business increased by Rs 1 lac crore to landmark figure of Rs 11.45 lac crore with the gross recovery of more than Rs 20,000 Crore. His zest for perfection and workmanship was exemplified by the fact that for a long period of time he single-handedly managed the responsibilities of three executive directors and brought the Bank back on upward trajectory.

At Punjab National Bank, he has donned many hats which includes heading various important verticals of the Bank viz., Credit, Treasury and HR. He was also instrumental in strengthening systems and procedures by taking initiatives such as stressed assets management vertical, digitization of trade finance. He was instrumental in effectively building high-performance teams under stressful environments.