The Reserve Bank of India has approved the appointment of R. Vijay Anandh, currently Executive Director of City Union Bank, as the Managing Director & Chief Executive Officer for a period of three years, effective May 1, 2026, along with remuneration. The appointment will be subject to shareholders’ approval.
Anandh will succeed N. Kamakodi, who steps down on April 30 after 15 years at the helm, completing 60 consecutive quarters as MD & CEO — one of the longest tenures in the bank’s history.
Under Kamakodi’s leadership, City Union Bank underwent a steady balance-sheet expansion and crossed a key milestone, with net worth exceeding ₹10,000 crore for the first time since inception. The period also saw sustained improvement in core banking metrics, balance-sheet resilience through multiple economic cycles, and a calibrated approach to growth.
Speaking during a recent analysts’ call, Kamakodi reflected on his tenure, saying, “So far, so good. Things have been working out well. Going forward, improvement will be visible across all parameters.”
The management transition comes at a time when the bank has continued to post stable operating performance, with recent results reflecting consistency in core income streams and balance-sheet quality, even as the sector faces margin pressures and evolving regulatory norms.
As part of broader board strengthening, the bank recently inducted K. Subramanian, a Chartered Accountant with nearly 39 years of service at Tata Consultancy Services, bringing deep experience in finance, governance and large-enterprise systems.
With Anandh’s elevation from within the organisation, the bank is signalling continuity in strategy even as it prepares for the next phase of leadership following Kamakodi’s long and milestone-laden tenure.