City Union Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
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City Union Bank Limited has appointed Shri R. Vijay Anandh as Managing Director and CEO effective May 1, 2026, for a term of 3 years. Anandh, 51, is a veteran retail banker with 28 years of experience, having previously served as Executive President (since March 2024) and Executive Director (since June 2024) at the bank. Prior to joining City Union Bank, he worked at RBL Bank for over 13 years in senior roles including Group Executive Vice President and Business Head for Retail Assets and Chief Credit Officer for retail businesses. The appointment comes in continuation of earlier intimations dated February 9, 2026 and April 6, 2026, suggesting a leadership transition occurred.
This appointment brings experienced retail banking leadership to the bank following a likely leadership change. The appointment of an internal candidate with extensive retail, risk management, and digital banking expertise may provide continuity and stability in execution of the bank's strategic priorities.