CUB postal ballot approves MD & CEO appointment and director changes

Board & Shareholder Meetings View source PDF

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AI summary

City Union Bank shareholders approved all 4 postal ballot resolutions on April 6, 2026, each with over 99% support. Items passed: appointment of K. Subramanian as Independent Director, R. Vijay Anandh as MD & CEO effective May 1, 2026, and RBI-approved fixed remuneration revisions for current MD & CEO N. Kamakodi and Executive Director Vijay Anandh. E-voting ran from March 5 to April 3, 2026.

Likely market impact

Leadership succession confirmed with Vijay Anandh becoming MD & CEO from May 1, 2026; remuneration revisions cleared by RBI.