R Vijay Anandh, new MD & CEO, City Union Bank
| Photo Credit:
Bijoy Ghosh
City Union Bank on Monday said that Reserve Bank of India (RBI) had approved the appointment of R Vijay Anandh, currently the Executive Director (ED) at the private bank, as the next Managing Director & CEO.
RBI vide its letter dated February 9, 2026, has conveyed its approval for the appointment of R Vijay Anandh as MD & CEO of the bank for a period of 3 years w.e.f May 1, 2026, along with remuneration, City Union Bank said in an exchange filing. The appointment shall be subject to approval of shareholders of the bank.
RBI’s approval letter to CUB, as seen by businessline, mentions the remuneration to be a fixed pay of ₹2.50 crore per annum including perquisites.
Anandh holds over 28 years of experience in banking, risk management, Portfolio Analysis, Credit Appraisals, and other retail banking segments. Prior to his appointment in City Union Bank, he served as the Business and Collections Head for Retail Asset products at RBL Bank, working closely with the ED & the MD there. He was first appointed as Executive President at CUB in 2023, and was designated as ED in 2024.
N Kamakodi has been serving as MD & CEO of CUB since May 2011, and his term ends on April 30, 2026.
Published on February 9, 2026
