City Union Bank announced a key management change effective April 1, 2026. The Board approved the appointment of Shri. Venkatakrishnan S as the new Chief Risk Officer (CRO) for a two-year term. He succeeds the current CRO, Shri. Kalyanaraman M, who is retiring due to superannuation on March 31, 2026. Shri. Venkatakrishnan brings 26 years of banking and risk management experience to the role.
Change in Senior Management Approved
City Union Bank Limited has officially communicated an important change within its senior management team following the Board of Directors meeting held on March 23, 2026. The Board approved the appointment of Shri. Venkatakrishnan S to the position of Chief Risk Officer (CRO) of the Bank.
Terms of Appointment
The tenure for the new CRO will be for a period of two years, effective from April 1, 2026. This appointment follows the superannuation of the present CRO, Shri. Kalyanaraman M, who will cease to hold the office on March 31, 2026.
Profile of the New CRO
Shri. Venkatakrishnan S holds qualifications including B.Com, CA, and CMA. He is currently serving as the Senior Deputy General Manager in the Risk Management department of the Bank, a role he has held since July 2024.
Experience Snapshot
He possesses an overall experience spanning 26 years, including 19 years dedicated to banking operations. His expertise covers critical areas such as Credit and operational risk, ICAAP, Capital Adequacy, ECL (Ind AS), and Portfolio Risk Monitoring. Prior to joining City Union Bank, his professional journey included significant roles at:
- RBL Bank – Vice President II, from August 2016 to June 2024.
- Practicing Chartered Accountant from April 2012 to July 2016.
- Barclays Bank – Regional Underwriting Manager, from July 2007 to December 2011.
- ICICI Bank – Regional Credit Manager, from June 2002 to June 2007.
- Ashok Leyland Finance – Senior Executive, from August 2000 to June 2002.
The Board Meeting commenced at 4:00 p.m. and concluded at 6:35 p.m. on the date of the announcement.
Source: BSE
