Canara Bank Names Dr. Madhavankutty G as Chief Economist

Canara Bank has announced the appointment of Dr. Madhavankutty G as its new Chief Economist, effective January 2025. With over two decades of experience in economic research, banking, and corporate sectors, Dr. Madhavankutty will play a key role in shaping the bank’s economic strategy. His expertise in financial sector trends and macroeconomic analysis will guide the bank’s decision-making in an evolving global economic landscape.

Key Highlights of the Appointment

New Leadership Role

• Dr. Madhavankutty G has been appointed as the Chief Economist of Canara Bank.
• He will provide strategic economic insights and policy recommendations to the bank’s management.

Professional Background

• Previously worked as a Senior Economist at,
• Bank of India
• Aditya Birla Group
• The Times Group
• Has over 20 years of experience in economic research, banking, and financial sectors.

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Key Responsibilities

• Analyzing domestic and global economic trends to assist in financial planning.
• Advising on monetary policies, economic outlook, and financial strategies.
• Enhancing the bank’s ability to navigate economic uncertainties.

Canara Bank’s Financial Performance (Q3 FY 2024-25)

• Net Profit: ₹4,014 crore (12.25% YoY growth).
• Operating Profit: ₹7,837 crore (15.15% YoY growth).
• Global Deposits: ₹13,69,465 crore (8.44% YoY growth).
• Gross Advances: ₹10,49,706 crore (10.45% YoY growth).
• Total Global Business: ₹24,19,171 crore (9.30% YoY growth).
• Domestic Deposits: ₹12,57,426 crore (7.76% YoY growth).
• Domestic Gross Advances: ₹9,87,591 crore (9.55% YoY growth).