RBI approves Vijay Anandh as new MD and CEO of City Union Bank w.e.f May 1In February 2026, the Reserve Bank of India (RBI) approved the appointment of R. Vijay Anandh as the new Managing Director (MD) and Chief Executive Officer (CEO) of the City Union Bank Limited (CUB), recognised as one of India’s oldest private sector banks, for a period of 3 years.
- Following the RBI’s approval, the appointment is further subject to final ratification by the bank’s shareholders.
Appointment Effective From: His Appointment will take effect from May 01, 2026, along with remuneration of Rs 2.50 crore per annum.
Succeeds: Anandh will succeed Dr. N. Kamakodi who has been serving as MD and CEO of the private bank since May 2011.
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