Canara Bank announced that Shri Hemant Buch, Shareholder Director of the Bank, submitted his resignation vide letter dated July 01, 2025 pursuant to RBl's communication dated June 12, 2025 and June 24, 2025 disqualifying serving employees of Life Insurance Corporation of India being connected with para banking activities to be on the Board of PSBs as Shareholder Director in terms of para 4.3(iv)(b) of Master Direction-Reserve Bank of India ('Fit & Proper' Criteria for Elected Directors on the Board of PSBs) Directions, 2019 dated August 02, 2019 (updated as on June 03, 2020) and has ceased to be a Director on the Canara Bank Board w.e.f. July 01, 2025.