Canara Bank announced that Brij Mohan Sharma, who was elected as a Shareholder Director and assumed office on July 27, 2013, has demitted office as Shareholder Director on December 31, 2013, consequent to the allotment of equity shares to the Government of India on December 31, 2013, whereby GOI shareholding has increased to 69.00% and the public shareholding has come down to 31.00%. Hence he ceased to be a Director on the board of the bank.