R Vijay Anandh Approved As City Union Bank MD & CEO, Takes Charge May 2026

City Union Bank has lined up its next top boss. RBI has cleared Executive Director R. Vijay Anandh as MD and CEO from 05/01/2026 for 3 years, subject to shareholder approval.

What Is The Issue? City Union Bank Locks Next CEO Change?

In an exchange disclosure dated 02/09/2026, City Union Bank (CUB) said it has received regulatory approval for appointing R. Vijay Anandh as Managing Director and CEO. The tenure is 3 years and the appointment takes effect from 05/01/2026, subject to shareholder approval.

The update is being tracked because it sets the transition date clearly, at a time when the bank is also being discussed for its balance sheet milestones and growth commentary. Multiple market trackers and news platforms reported the same timeline, pointing to a planned, not sudden, leadership handover.

What The Approval Means For Investors And The Bank?

The appointment puts a name and date to CUB’s next leadership phase. As per exchange-linked updates carried by market news platforms, Vijay Anandh will take charge on 05/01/2026 and serve for 3 years, once shareholders approve the move. A Reuters-linked market update also carried the same core details, reinforcing that the decision is already in the public domain through formal disclosures.

Before the numbers, the big takeaway is continuity. Vijay Anandh is already part of the top leadership team as Executive Director, so the market is reading this as a steady succession choice rather than a sharp strategy shift.

Appointment Snapshot
 

The compensation angle has also drawn attention. A few published reports stated the approved pay is ₹2.50 crore per annum, structured as fixed pay, including perquisites.
Investors typically watch this because executive pay structure signals governance priorities, and fixed-pay formats are often seen as conservative for bank leadership roles.

What Led Here? The Build-Up And The Succession Timeline

The handover timing matches the end of current MD and CEO N. Kamakodi’s term. A report dated 02/09/2026 said Kamakodi’s tenure ends on 04/30/2026, marking 15 years and 60 consecutive quarters at the helm. 

The same report noted that the board had already sent a list of candidates for approval, and the transition process was “progressing as planned”, as per Kamakodi’s comment during the bank’s Q3 earnings call. 

That Q3 call theme also showed why the bank is pitching stability. According to the report, CUB delivered double-digit growth through FY25 and the first 3 quarters of FY26, and management expected to close FY26 with high-teen growth.

The focus areas highlighted were MSME lending, gold loans, and secured retail financing.

Performance And Transition Numbers In Focus
 

One more point readers flagged is a wording slip in one platform’s coverage. An ETBFSI story on the appointment carried an apparent inconsistency in naming the bank in one line, even while the article context stays around City Union Bank. The exchange-linked disclosures and other reports consistently refer to City Union Bank’s MD and CEO role.

Separately, LoansJagat’s recent banking sector explainer discussed the broader narrative on asset quality and profitability claims in Indian banking, which forms the background against which leadership and governance updates get judged.

What Stakeholders Said: Continuity, Growth And Core Lending Focus?

Kamakodi, speaking on the earnings call, indicated the succession process was on track and the bank would communicate once approvals were in.

Vijay Anandh, in management commentary cited in the same report, spoke about aiming for high-teen growth for FY26 and keeping focus on MSME, gold loans, and secured retail.
For shareholders, the next key step is the vote, after which the bank can move to a clean transition on 05/01/2026.

Conclusion

With the date and tenure now clear, City Union Bank’s CEO change looks scheduled and steady. The market’s immediate watchlist is shareholder approval, then execution on 05/01/2026.