RBI approves Vijay Anandh as new MD and CEO of City Union Bank from May 1

R Vijay Anandh, new MD and CEO, City Union Bank | Photo credit: Bijoy Ghosh

RBI, in its letter dated February 9, 2026, has approved the appointment of R Vijay Anandh as MD & CEO of the bank for a period of three years from May 1, 2026, along with compensation, City Union Bank said in an exchange filing. The appointment is subject to the approval of the bank’s shareholders.

RBI’s approval letter to CUB, as seen by business linementions that the remuneration is a fixed salary of ₹2.50 crore per annum, including fringe benefits.

Anandh has over 28 years of experience in banking, risk management, portfolio analysis, credit ratings and other retail banking segments. Prior to his appointment at City Union Bank, he was Head of Business and Collections for Retail Asset products at RBL Bank, where he worked closely with the ED and MD there. He was first appointed executive president at CUB in 2023 and was named ED in 2024.

N Kamakodi has been MD and CEO of CUB since May 2011 and his term ends on April 30, 2026.

Published on February 9, 2026