Vijay Anandh, who will take over as the new MD and CEO of City Union Bank in May
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As City Union Bank prepares for a transition with long-time MD and CEO N Kamakodi completing his 15-year tenure in April, the bank has decided to tap an internal talent to take over the mantle.
With the banking regulator approving the appointment of Vijay Anandh as the new MD and CEO of City Union Bank with effect from May, the executive told businessline that his focus will be to build on the bank’s core strength in MSME, gold loans and secured retail, and will look to further leverage technology across operations.
“It is an honour to get the opportunity to lead a bank as reputed as this. We have consistently achieved double-digit growth across last few quarters, and will look to sustain the growth to end up over and above the industry level growth. Our focus on MSME, gold loan and secured loans, such as housing and LAP, will continue,” he told businessline.
cyber security
We are already investing in technology and we also want to use AI for governance, transaction monitoring and for the ease of our customers, he said. Separately, strengthening cyber security is also a key priority. “Physical branch expansion will also continue as CUB serves MSMEs and customer contact and relationship is key in this segment,” he said.
The mid-size private sector lender reported a net profit growth of 16 per cent year-on-year (y-o-y) at ₹332 crore in the third quarter ended December 2025 (Q3FY26). Profit grew on growth in advances and improvement in yield on advances.
Speaking about credit demand, Anandh said post the GST rate cut, they have seen an uptick in demand across segments, and recent trade deals are also likely to help MSMEs upgrade capacity. To a question on the uptick in gold loans in recent quarters, he said the share of gold loans has remained fairly stable in overall advances. “With our special mention accounts under control and the macro environment on track, we are optimistic of beating industry growth,” he said.
Anandh holds over 28 years of experience in banking. Prior to his appointment in City Union Bank, he served as the business and collections head for retail asset products at RBL Bank. He was first appointed as Executive President at CUB in 2023, and was designated ED in 2024.
CUB has historically been a conservative lender, focusing on MSMEs, traders and retail customers. The management transition has taken the shape of an internal succession plan, with the board opting to elevate existing executive rather than an external candidate.
Speaking earlier this week at the analyst call, current MD and CEO N Kamakodi said: “As you all know, this is my 59th quarter today. So, we have one more quarter to go. And based on the regulations currently in force, let’s say I have to complete my tenure on April 30.”
Published on February 13, 2026
