Mr. M.B.N.Rao, assumed charge as Chairman & Managing Director of Canara Bank on 09.06.2005.

Shri Rao, a graduate in Agriculture, started his Banking career in the year 1970 when he joined Indian Bank as a Probationary Officer. Shri Rao is an associate of the Chartered Institute of Bankers, London, Fellow Member of the Indian Institute of Bankers and member of the Singapore Institute of Management. He holds Diploma in Computer Studies from University of Cambridge and National Computing Centre, London and Certificate in Industrial Finance. After serving in different capacities, he moved to the executive cadre in 1985.

Shri Rao is the Chairman of various subsidiaries of Canara Bank, viz., Canbank Factors Limited; Canbank Computer Services Limited; Canbank Venture Capital Fund Limited; Gilt Securities Trading Corporation Limited and Indo Hong Kong International Finance Limited.

Shri Rao is the Deputy Chairman on the Board of The Commercial Bank of India, Moscow, a joint venture of State Bank of India and Canara Bank. He is also a Director on the Board of Agricultural Finance Corporation of India and Director on the Board of NABARD Consultancy Services Pvt. Ltd. [Nabcons].

Apart from his overseas assignments, he has visited USA, UK, Germany, France, Switzerland, Spain, Malaysia, Philippines, Thailand, Hong Kong and China in connection with multifarious responsibilities assigned to him. A voracious reader and genial in temperament, he always cherishes the technological up gradation of the Bank’s system and tirelessly working to improve the Brand Equity of the Bank and to make the bank face the emerging challenges.