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The Reserve Bank of India has approved the appointment of R. Vijay Anandh as the next Managing Director & CEO of City Union Bank Ltd. Anandh, presently Executive Director, will take charge from May 1, 2026, for a three-year term, pending shareholder approval.
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City Union Bank Ltd announced a significant leadership change with the Reserve Bank of India formally approving the elevation of R. Vijay Anandh to the position of Managing Director & CEO. This marks a pivotal moment for the private sector lender as it prepares for a new phase of strategic growth under Anandh’s leadership.
Key Highlights
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RBI’s approval was communicated on February 9, 2026, confirming Anandh’s appointment for a three-year tenure beginning May 1, 2026.
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Anandh currently serves as Executive Director of City Union Bank, bringing extensive experience in banking operations and management.
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His remuneration package shall be fixed per annum, inclusive of perquisites.
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The appointment remains subject to shareholder approval, a procedural requirement for final confirmation.
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The leadership transition is expected to strengthen City Union Bank’s focus on digital transformation, customer-centric services, and sustainable growth.
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Industry observers view Anandh’s appointment as a move to ensure continuity and stability, given his long association with the bank.
The approval underscores RBI’s emphasis on experienced leadership in the banking sector, ensuring that institutions like City Union Bank continue to operate with strong governance and strategic clarity.
Sources: The Hindu BusinessLine, InvestyWise, Capital Market News
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