Canara Bank has informed the Exchange about change in Management

Management Changes View source PDF Explain this filing

CANBK · price

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Price reactionminutes from the announcement price · days from the prior close

-1.0%Reaction day

₹115.38

prior close

₹114.70

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.3%-0.7% vs market

Public Sector Bank peers, median of 11sector-0.9%-0.1% vs sector

On the reaction day the stock moved 0.7 pts less than Nifty 100 and 0.1 pts less than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-1.0-0.3-0.7-0.9-0.1

Next day

-1.1-0.6-0.5-1.9+0.9

-0.9-0.3-0.6-1.6+0.7

-1.0-0.3-0.7-1.9+0.8

-1.4-0.1-1.3-2.8+1.4

-1.4-0.3-1.1-2.6+1.1

-3.2-1.5-1.7-4.1+0.9

15d

-6.4-1.2-5.2-3.8-2.6

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-8.0-3.6-4.4-9.2+1.2

+9.2-2.2+11.4-0.0+9.2

UpDownMarket · Nifty 100Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shri Hemant Buch, who represented Life Insurance Corporation of India (LIC) as a Shareholder Director on Canara Bank's Board, resigned effective 1 July 2025. The resignation follows RBI communications dated 12 June and 24 June 2025, which disqualified LIC employees connected with para-banking activities from serving on Public Sector Bank boards under RBI's Fit & Proper criteria for elected directors. He held no directorships in any other listed entities, and no other material reasons were cited. The disclosure is filed under SEBI LODR Regulation 30 with the required Annexure-I details.

Likely market impact

This is a routine, regulator-driven board change with no negative implications for the bank's operations or shareholders. The vacancy for the LIC-nominated Shareholder Director seat is expected to be filled by LIC in due course.