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 WTD | Designation | PLI amount to be paid |
|---|---|---|---|
| 1 | Shri K Satyanarayana Raju | former MD & CEO | 16,15,680.00 |
| 2 | Shri Ashok Chandra | former ED | 12,74,632.25 |
| 3 | Shri Debashish Mukherjee | former ED | 15,31,980.00 |
| 4 | Shri Hardeep Singh Ahluwalia | ED | 13,21,020.00 |
| 5 | Shri Bhavendra Kumar | ED | 16,12,800.00 |
| 6 | Shri S K Majumdar | ED | 34,683.87 |
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.
