City Union Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
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City Union Bank has informed the exchanges that Shri. Narayanan Subramaniam (DIN: 00166621), an Independent Director on the bank's board, has stepped down effective June 19, 2025. The exit is due to the completion of his 8-year tenure as mandated under Section 10(2A)(i) of the Banking Regulation Act, 1949. This is a routine, regulation-driven departure rather than a resignation prompted by any governance issue. The bank will likely look to appoint a new Independent Director to fill the vacancy on its board.
This is a routine statutory change and is unlikely to have any material impact on the bank's operations or stock price. Investors may watch for the appointment of a replacement independent director in due course.