Sunder Rajan Raman is new Canara Bank chairman

Raman will remain the CMD of Canara Bank up to September 30, 2012 i.e., the last day of the month in which he would attain the age of superannuation or until further orders, whichever is earlier.  Canara Bank said that after consultation with the Reserve Bank of India (RBI), the Central Government has appointed Sunder Rajan Raman, as Chairman and Managing Director (CMD) of the bank. Raman will remain the CMD of Canara Bank up to September 30, 2012 i.e., the last day of the month in which he would attain the age of superannuation or until further orders, whichever is earlier.  Raman has taken charge as CMD of the Bank w.e.f. September 1, 2010.  Presently Raman is the Executive Director at Union Bank of India.