Home / Business and Economy / RBI Greenlights Vijay Anandh as CUB's New MD & CEO
RBI Greenlights Vijay Anandh as CUB's New MD & CEO
11 Feb
Summary
- R Vijay Anandh appointed MD & CEO of City Union Bank starting May 1, 2026.
- Annual remuneration for Vijay Anandh set at ₹2.50 crore, including perquisites.
- Vijay Anandh brings over 28 years of extensive banking experience to the role.
The Reserve Bank of India has approved the appointment of R Vijay Anandh as the new Managing Director and Chief Executive Officer of City Union Bank. This significant leadership transition is set to commence on May 1, 2026, following the conclusion of N Kamakodi's extensive 15-year tenure on April 30, 2026. The RBI's approval, dated February 9, 2026, signifies a planned succession for the prominent private sector bank.
Anandh's remuneration has been fixed by the RBI at ₹2.50 crore per annum, encompassing perquisites, aligning with regulatory standards for executive compensation. With over 28 years of experience in diverse banking functions, including risk management, credit appraisal, and retail banking, Anandh is well-positioned to lead the bank. He previously held key roles within City Union Bank, serving as Executive President since 2023 and Executive Director since 2024, ensuring continuity and deep institutional knowledge.
