Canara Bank has released vacancy for the post of MD&CEO. The Last date for submitting the completed online application is November 20,
2025 by 5:00 pm IST. All details related to Canara Bank MD&CEO Recruitment 2025 are given below. You can download notification pdf below. This time Government has allowed candidates from private sector to apply for post of MD&CEO in Canara Bank.
Eligibility criteria
- Age: The applicant should have minimum 45 years of age and 3 years of residual service [treating 60 years as the date of superannuation] as on the date of vacancy of the post i.e. January 1, 2026.
- Educational Qualifications: The applicant must hold a Graduate degree of any of the Universities incorporated by an Act of the Central or State Legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of the University Grants Commission Act 1956 or possess an equivalent qualification.
Experience
Experience/Service requirement (as on the date of vacancy of post i.e. January 1, 2026):
a) For candidates from Private Sector : The applicant must have minimum 21 years of experience, with at least 15 years of banking experience with :
i. at least 2 years at the bank board level in bank, or
ii. at least 3 years at the highest level below bank board level (to be held on substantive basis)
b) For candidates from Public Sector Banks only : The applicant must have minimum 21 years of experience in banking and as :
i. Deputy Managing Directors (DMDs) of the State Bank of India (SBI) with at least one year of service as DMD, or
ii. The Executive Directors (EDs) of Nationalized banks with at least one year of service as ED, or
iii. MD & CEO of a Nationalized Bank with at least one year as MD & CEO in the present posting and having residual service of 2 years [treating 60 years as the date of superannuation]
iv. Chief Vigilance Officer (CVO) of Public Sector Bank except CVO of Canara Bank.
Candidates from Public Sector Banks with two or more major penalties imposed in their career, shall not be eligible to apply for the position.
Tenure and Remuneration
The term of office shall be as per paragraph 8(1) of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 and 1980 and the age of superannuation shall be 60 years. The post of MD & CEO, Canara Bank carries Pay Scale of ₹2,05,400 – ₹2,24,400/- [Level 16] plus allowances as admissible to Chief Executive of Public Sector Banks from time to time.
Selection Process
Selection will be based on Shortlisting and Personal Interview. Applications received shall be scrutinised and shortlisted for interview based on experience and eligibility conditions. Final selection of the candidates will be done by the Financial Services Institutions Bureau (FSIB).
