Canara Bank Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

K. Raju

Chief executive officer

₹4.0m

Total compensation

CEO salary percentage	n/a
CEO tenure	1.3yrs
CEO ownership	n/a
Management average tenure	2.3yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has K. Raju's remuneration changed compared to Canara Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹147b
Sep 30 2023	n/a	n/a	₹139b
Jun 30 2023	n/a	n/a	₹128b
Mar 31 2023	₹4m	n/a	₹113b
Dec 31 2022	n/a	n/a	₹98b
Sep 30 2022	n/a	n/a	₹85b
Jun 30 2022	n/a	n/a	₹71b
Mar 31 2022	₹3m	n/a	₹61b
Dec 31 2021	n/a	n/a	₹54b
Sep 30 2021	n/a	n/a	₹45b
Jun 30 2021	n/a	n/a	₹36b
Mar 31 2021	₹3m	₹159k	₹29b

Compensation vs Market: K.'s total compensation ($USD47.66K) is below average for companies of similar size in the Indian market ($USD937.36K).

Compensation vs Earnings: K.'s compensation has increased by more than 20% in the past year.

CEO

K. Raju (58 yo)

1.3yrs

Tenure

₹3,976,236

Compensation

Mr. K. Satyanarayana Raju serves as an Executive Director at Canara Bank since March 10, 2021 and since February 7, 2023 serves as its Managing Director and Chief Executive Officer. He is a Physics Graduat...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
K. Raju	MD, CEO & Executive Director	1.3yrs	₹3.98m	no data
Debashish Mukherjee	Executive Director	6.3yrs	₹4.27m	0.000030% ₹ 340.5k
Ashok Chandra	Executive Director	1.5yrs	₹1.25m	no data
Hardeep Ahluwalia	Executive Director	1.3yrs	₹467.26k	no data
S. Majumdar	GM & Group CFO	3yrs	no data	no data
A Narayanan	CTO & GM	no data	no data	no data
A. V. Rao	Chief General Manager	5yrs	no data	no data
B. Sankar	Chief Vigilance Officer	no data	no data	no data
S. Gaware	Chief General Manager	no data	no data	no data
P. Ramasubramanian	Head Internal Audit & GM	no data	no data	no data
Bhavendra Kumar	Chief General Manager & Executive Director	no data	no data	no data
Debananda Sahoo	Chief General Manager	no data	no data	no data

2.3yrs

Average Tenure

57yo

Average Age

Experienced Management: 532483's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
K. Raju	MD, CEO & Executive Director	3.2yrs	₹3.98m	no data
Debashish Mukherjee	Executive Director	6.3yrs	₹4.27m	0.000030% ₹ 340.5k
Ashok Chandra	Executive Director	1.5yrs	₹1.25m	no data
Hardeep Ahluwalia	Executive Director	1.3yrs	₹467.26k	no data
Bhavendra Kumar	Chief General Manager & Executive Director	less than a year	no data	no data
Nalini Padmanabhan	Non-Executive & Independent Part-Time Non-Official Director	2.4yrs	₹2.34m	no data
R. Kesavan	Reserve Bank of India Nominee Director	5.1yrs	no data	0.000010% ₹ 113.5k
Bimal Sharma	Independent Shareholder Director	4.8yrs	₹2.30m	0.000010% ₹ 113.5k
Karunakara Shetty	Independent Shareholder Director	2.5yrs	₹2.50m	0.000010% ₹ 113.5k
Dibakar Harichandan	Independent Part-Time Non-Official Director	2.2yrs	₹2.14m	no data
Abha Yaduvanshi	Shareholder Director	1.8yrs	₹1.49m	0.000010% ₹ 113.5k
Vijay Srirangan	Independent Part-Time Non-Official Non-Executive Chairman of The Board	1.5yrs	₹945.00k	0.000050% ₹ 567.5k

2.3yrs

Average Tenure

58yo

Average Age

Experienced Board: 532483's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Canara Bank Management

Management criteria checks 2/4

Key information

Recent management updates

Canara Bank Announces Management Changes

Canara Bank Announces Change in Management

Canara Bank Announces Appointment of Bhavendra Kumar as Executive Director

Shri Brij Mohan Sharma Retires as Executive Director of Canara Bank

Canara Bank, Annual General Meeting, Jun 28, 2023

Canara Bank Appoints Satyanarayana Raju as Managing Director

Recent updates

Canara Bank to Report Q4, 2024 Results on May 08, 2024

Price target increased by 9.8% to ₹483

Third quarter 2024 earnings released: EPS: ₹20.89 (vs ₹16.72 in 3Q 2023)

Now 23% undervalued

Canara Bank to Report Q3, 2024 Results on Jan 24, 2024

Canara Bank Announces Management Changes

Canara Bank Announces Change in Management

Second quarter 2024 earnings released: EPS: ₹20.93 (vs ₹14.91 in 2Q 2023)

Canara Bank to Report Q2, 2024 Results on Oct 26, 2023

Canara Bank Announces Appointment of Bhavendra Kumar as Executive Director

First quarter 2024 earnings released: EPS: ₹20.61 (vs ₹12.02 in 1Q 2023)

Canara Bank to Report Q1, 2024 Results on Jul 24, 2023

Shri Brij Mohan Sharma Retires as Executive Director of Canara Bank

Canara Bank Declares Dividend for the Year 2022-23

Upcoming dividend of ₹12.00 per share at 3.8% yield

Canara Bank, Annual General Meeting, Jun 28, 2023

Canara Bank Recommends Dividend for the Year 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Canara Bank Appoints Satyanarayana Raju as Managing Director

Canara Bank Appoints Shri Hardeep Singh Ahluwalia as Executive Director

Canara Bank Appoints K. Satyanarayana Raju as Managing Director and Chief Executive Officer

Price target increased by 8.1% to ₹360

Third quarter 2023 earnings released: EPS: ₹16.72 (vs ₹9.13 in 3Q 2022)

State Bank of India (NSEI:SBIN) entered into an agreement to acquire remaining 40% stake in Commercial Indo Bank" LLC from Canara Bank (NSEI:CANBK) for $14.7 million.

Canara Bank to Report Q3, 2023 Results on Jan 23, 2023

Canara Bank Announces Retirement of Shri L V Prabhaka as Managing Director and CEO

Canara Bank Announces Appointment of Shri Ashok Chandra as Executive Director

Price target increased to ₹310

Less than half of directors are independent

Central Government Appoints Shri Vijay Srirangan as Part-Time Non-Official Director as Well as Non-Executive Chairman of Canara Bank

Canara Bank Announces Change in Group Chief Risk Officer of the Bank

Second quarter 2023 earnings released: EPS: ₹14.91 (vs ₹7.66 in 2Q 2022)

Investor sentiment improved over the past week

Canara Bank to Report Q2, 2023 Results on Oct 20, 2022

Investor sentiment deteriorated over the past week

Canara Bank Announces Board Changes

First quarter 2023 earnings released: EPS: ₹12.02 (vs ₹7.50 in 1Q 2022)

Canara Bank to Report Q1, 2023 Results on Jul 25, 2022

Investor sentiment improved over the past week

Upcoming dividend of ₹6.50 per share

Canara Bank Announces Cessation of A. Manimekhalai as Executive Director

Canara Bank Recommends Dividend for the Year 2022

Canara Bank, Annual General Meeting, Jun 23, 2022

Full year 2022 earnings released: EPS: ₹35.04 (vs ₹19.11 in FY 2021)

Less than half of directors are independent

An unknown buyer signed a Share Purchase Agreement to acquire 4% stake in India SME Asset Reconstruction Company Limited from Canara Bank (BSE:532483).

An unknown buyer signed a Share Purchase Agreement to acquire 4% stake in India SME Asset Reconstruction Company Limited from Canara Bank (BSE:532483).

Price target increased to ₹254

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS ₹7.66 (vs ₹3.21 in 2Q 2021)

Price target increased to ₹195

Price target increased to ₹195

Canara Bank has completed a Follow-on Equity Offering in the amount of INR 25 billion.

Full year 2021 earnings released: EPS ₹19.11 (vs ₹23.55 loss in FY 2020)

Price target increased to ₹159

CFO & GM V. Ramachandra has left the company

Full year 2021 earnings released: EPS ₹19.11 (vs ₹23.55 loss in FY 2020)

Price target increased to ₹132

Canara Bank Announces Appointment of Shri K. Satyanarayana Raju as Executive Director

New 90-day high: ₹169

Executive Director has left the company

Canara Bank Ceases Matam Venkata Rao as Executive Director

New 90-day high: ₹147

Price target raised to ₹109

Third quarter 2021 earnings released: EPS ₹5.01 (vs ₹31.16 loss in 3Q 2020)

Canara Bank to Report Q3, 2021 Results on Jan 27, 2021

New 90-day high: ₹139

New 90-day high: ₹110