City Union Bank announced a significant leadership transition within its senior management team. Shri. Kalyanaraman M, the incumbent Chief Risk Officer (CRO), has demitted his office effective March 31, 2026, upon reaching the mandatory retirement age of superannuation. This follows the earlier intimation regarding the appointment of Shri. Venkatakrishnan S as the new CRO starting April 1, 2026.
Senior Management Transition Confirmed
City Union Bank Limited has formally disclosed a key change in its senior management structure, effective at the close of the financial year. The incumbent Chief Risk Officer (CRO), Shri. Kalyanaraman M, has ceased to hold office on March 31, 2026. The official reason cited for his departure is superannuation.
Context of the Change
This cessation follows a previous announcement made on March 23, 2026, concerning the appointment of the successor. The bank had already informed exchanges about the appointment of Shri. Venkatakrishnan S to take over the role of Chief Risk Officer for a period of two years, commencing from April 1, 2026.
Disclosure Details Summary
The necessary regulatory disclosure mandated the following details regarding the outgoing executive:
- Name: Shri. Kalyanaraman M
- Reason for Change: Superannuation
- Date of Cessation: March 31, 2026
The bank confirms that there is no disclosed relationship between the outgoing CRO and the existing Directors of the Bank.
Source: BSE
