His specialization is in HR, Agriculture, Treasury, Corporate Credit, Recovery and Restructuring of large corporate accounts. Under his leadership, Canara Bank has received the "Banker's Bank of the Year Award 2022" for the India segment at the Global Banking Summit, London.

Mr. L.V. Prabhakar has held the following positions.

As Chairman of:-
i. Canara ROBECO Asset Management Co. Ltd.,
ii. Canara HSBC Insurance Company Ltd.,
iii. Canfin Homes Ltd.,
iv. IBA standing Committee on Payment Systems & Banking Technology.
As Director & Member of:-
i. PNB Metlife India Insurance,
ii. PNB Housing Finance Ltd.,
iii. Everest Bank Ltd., Kathmandu, NEPAL,
iv. Indian Institute Of Bank Management (NIBM)
v. Member of Manage·ment Development Institute (MDI), Gurgaon.

He was appointed as Part-Time Member on the Governing Board of IBBI on 27th January 2025.