City Union Bank Limited has announced the appointment of Shri. R. Vijay Anandh as the Managing Director and CEO of the bank, effective May 1, 2026. The appointment has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015. The bank has confirmed that Anandh is not debarred from holding the position of Director by any order from SEBI or other regulatory authorities.

The appointment is for a period of three years commencing from May 1, 2026. Anandh, aged 51 years, is a qualified B.Sc. in Computer Science and holds an MBA degree. He brings extensive experience spanning 28 years in retail banking, with particular expertise in retail credit underwriting, retail risk management, policy formulation, fraud control, litigation, and debt management.

Professional Background

Anandh's career progression within City Union Bank has been significant. He joined as Executive President in March 2024 and was subsequently appointed as Executive Director in June 2024. In these roles, he has supervised and provided strategic direction across multiple key areas including advances, business MSE and jewel loans, retail and cards business, operations, customer experience, human resources, compliance, risk management, information technology, and data and business analytics.

Prior to joining City Union Bank, Anandh served as Group Executive Vice President and Business Head - Retail Assets at RBL Bank. He was among the first batch of employees to join RBL Bank (formerly Ratnakar Bank Limited) in 2011, where he played an instrumental role in building the bank from its foundation and facilitating its transformation into a modern private sector bank with robust retail and rural presence.

Previous Work Experience

Anandh's professional journey includes leadership positions at several prominent financial institutions:

The bank has disclosed that there are no relationships between directors that require reporting under the SEBI regulations. The appointment follows earlier intimations to the exchanges dated February 9, 2026, and April 6, 2026.

City union bank announced the completion of Dr. N. Kamakodi's tenure as Managing Director and CEO on April 30, 2026. The leadership transition occurred at the close of business hours, marking the end of his 15-year tenure with the bank.

Leadership Transition Details

The cessation follows regulatory compliance requirements under the Reserve Bank of India (Commercial Banks – Governance) Directions, 2025, which limits the tenure of bank CEOs to 15 years. Dr. N. Kamakodi, holding Director Identification Number 02039618, demitted his office in accordance with these provisions.

Regulatory Compliance

The bank has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015. The notification was submitted to both the National Stock Exchange of India Limited and BSE Limited, ensuring transparency in the leadership change.

The disclosure follows SEBI Master Circular No: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, which outlines the requirements for such announcements. Company Secretary and Compliance Officer Venkataramanan S signed the official communication to the stock exchanges.

Bank Information

City Union Bank Limited, incorporated in 1904, operates with its registered office at 149, T.S.R. (Big) Street, Kumbakonam, Tamil Nadu. The bank maintains its corporate identity number L65110TN1904PLC001287 and continues its operations under established governance frameworks.