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How much PLI will be paid to MD&EDs of Canara Bank? Check Here

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The Government of India, through the Ministry of Finance, has approved the Performance Linked Incentive (PLI) for Whole-Time Directors (WTDs) of Canara Bank for the financial year 2024-25. The following PLI will be provided to MD&EDs:

S. No.Name of the WTDDesignationPLI amount to be paid
1Shri K Satyanarayana Rajuformer MD & CEO16,15,680.00
2Shri Ashok Chandraformer ED12,74,632.25
3Shri Debashish Mukherjeeformer ED15,31,980.00
4Shri Hardeep Singh AhluwaliaED13,21,020.00
5Shri Bhavendra KumarED16,12,800.00
6Shri S K MajumdarED34,683.87

The Canara Bank has been advised to take note of the bank’s score and necessary action for payment of PLI to the eligible officers of the bank from Scale IV to Scale VIII as per the provisions of this Department’s revised scheme for PLI issued vide letter dated 19.11.2024 and the bank’s board approved policy, as indicated at sr. no. 12 of the ibid scheme.

Related:  Bank of Baroda to credit PLI for Scale IV and Above, Know How much PLI will be paid to MD&ED

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Hellobanker Team

Hellobanker.in is India's leading banking and finance news portal. Our expert team covers banking policies, RBI updates, financial markets, and investment insights.
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