City Union Bank Limited has announced a key leadership change with the appointment of Shri. Venkatakrishnan S as Chief Risk Officer, effective April 1, 2026. The appointment was approved by the Board of Directors during their meeting held on March 23, 2026, which commenced at 4:00 p.m. and concluded at 6:35 p.m.

Leadership Transition Details

The appointment comes as part of a planned leadership transition, with the current Chief Risk Officer, Shri. Kalyanaraman M, set to retire on March 31, 2026, due to superannuation. Shri. Venkatakrishnan S will assume the role for a period of two years, ensuring continuity in the bank's risk management function.

Professional Background and Qualifications

Shri. Venkatakrishnan S brings extensive experience to his new role, with qualifications including B.Com, CA (Chartered Accountant), and CMA (Cost and Management Accountant). He currently serves as Senior Deputy General Manager in the Risk Management department of City Union Bank, a position he has held since July 2024.

His professional experience spans 26 years overall, with 19 years specifically in the banking sector. His expertise encompasses several critical areas of risk management:

• Credit and operational risk management
• ICAAP (Internal Capital Adequacy Assessment Process)
• Capital adequacy frameworks
• ECL (Expected Credit Loss) under Ind AS
• Portfolio risk monitoring

Career Progression

Prior to joining City Union Bank, Shri. Venkatakrishnan S held significant positions across various financial institutions:

Regulatory Compliance

The appointment has been made in accordance with Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The bank has also complied with SEBI Master Circular No: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, providing comprehensive disclosure of the appointee's background and qualifications.

The disclosure confirms that Shri. Venkatakrishnan S has no relationship with the bank's directors, ensuring independence in his risk management role. This appointment represents a strategic move by City Union Bank to maintain robust risk management capabilities while ensuring smooth leadership transition in this critical function.

City Union Bank Limited has announced the opening of three new branches on March 20, 2026, as part of its ongoing expansion strategy. The bank informed stock exchanges about this development in compliance with Regulation 30 of SEBI Listing Regulations 2015.

Branch Expansion Details

The three new branches have been strategically located across two states, with one branch in Tamil Nadu and two branches in Uttarakhand. This expansion brings the bank's total branch network to 932 branches nationwide.

Geographic Presence

The Kurukkathi branch is situated at D.No. 19, Main Road, Kaduvetti Street, Kurukkathi – 611 105, in Kilvelur Taluk, Nagapattinam District, Tamil Nadu. This location strengthens the bank's presence in the southern region.

In Uttarakhand, the Rishikesh branch has been established at 212, Vashisht Kunj, Ganga Vihar, Koyal Ghati, Haridwar Road, Rishikesh – 249 201. The Haridwar branch is located at 267, Ground Floor, Hotel Shiv Murti Grand, Opp. Chowk, Rishikul, Devpura, Haridwar – 249 401.

Network Expansion

With the addition of these three branches, City Union Bank has reached a milestone of 932 branches across India. The expansion reflects the bank's commitment to enhancing customer accessibility and strengthening its geographical footprint in key markets.

The bank's company secretary and compliance officer, Venkataramanan S, signed the official communication to stock exchanges regarding this expansion. The announcement was made to both the National Stock Exchange of India Limited and BSE Limited as per regulatory requirements.