The Reserve Bank of India (RBI) has conveyed its approval for the elevation of Shri R. Vijay Anandh to the position of Managing Director & CEO of City Union Bank Ltd. Shri Anandh, currently the Executive Director, is slated to take on the new role for a tenure of three years, effective from May 1, 2026. The appointment, which includes remuneration details, is still subject to the subsequent approval of the Bank’s shareholders.
Key Management Change Approved by RBI
City Union Bank Limited announced that it has received formal approval from the Reserve Bank of India (RBI) regarding a crucial leadership transition. The RBI, via its official communication dated February 9, 2026, has sanctioned the appointment of Shri R. Vijay Anandh (DIN 09656376) as the new Managing Director & CEO of the Bank.
Term and Commencement Details
Shri R. Vijay Anandh is currently serving as the Executive Director of the Bank. His appointment as MD & CEO is approved for a period of three years. The term is scheduled to commence on May 1, 2026. The approval also covers the remuneration package associated with this elevated role.
Condition for Final Confirmation
It is important to note that while the RBI has provided its clearance, the official assumption of the role by Shri Anandh remains conditional upon receiving the necessary approval from the Shareholders of the Bank during the relevant forum.
Source: BSE
