Who Is R Vijay Anandh? RBI Approves New MD & CEO of City Union Bank from May 1, 2026; Know All Updates

The Reserve Bank of India (RBI) has approved the appointment of R Vijay Anandh as the new Managing Director (MD) and Chief Executive Officer (CEO) of City Union Bank (CUB). The private sector lender informed stock exchanges on Monday that the central bank conveyed its approval through a letter dated February 9, 2026.

RBI Approves New MD & CEO of City Union Bank from May 1, 2026

Anandh's appointment will be effective from May 1, 2026, for a period of three years. However, the appointment is subject to approval by the shareholders of the bank.

According to the bank's regulatory filing, the RBI has approved Anandh's appointment as MD & CEO along with his remuneration. As per the RBI's communication, his fixed pay will be Rs 2.50 crore per annum, including perquisites.

The approval ensures a smooth leadership transition at the bank, with the change at the top coming into effect immediately after the completion of the current MD & CEO's term.

Who is R Vijay Anandh? Union Bank's Next MD & CEO

R Vijay Anandh brings over 28 years of experience in the banking sector. His expertise spans across risk management, portfolio analysis, credit appraisals, and retail banking operations.

Before joining City Union Bank, Anandh served as the Business and Collections Head for Retail Asset products at RBL Bank. In that role, he worked closely with the Executive Director and Managing Director, gaining extensive exposure to retail asset growth and risk frameworks.

His strong background in retail banking and credit management is seen as a key strength, especially at a time when banks are focusing on balanced credit growth and asset quality management.

Anandh joined City Union Bank in 2023 as Executive President. In 2024, he was elevated to the role of Executive Director (ED), reflecting the bank's confidence in his leadership capabilities.

His progression within the bank highlights City Union Bank's emphasis on leadership continuity and institutional knowledge. By promoting from within, the bank ensures strategic alignment and operational stability.

His appointment as MD & CEO is expected to provide continuity in strategy and management, which is often viewed positively by regulators and investors alike.

Leadership Transition at City Union Bank

The current MD & CEO, N Kamakodi, has been leading City Union Bank since May 2011. His tenure will conclude on April 30, 2026, marking nearly 15 years at the helm of the bank. Under Kamakodi's leadership, CUB strengthened its presence in the private banking space and expanded its retail and SME lending footprint.