City Union Bank Announces Leadership Transition; Vijay Anandh To Take Over As MD & CEO From May 1

Chennai, April 29, 2026: City Union Bank (CUB) has announced a significant leadership transition, with Vijay Anandh set to assume charge as Managing Director and Chief Executive Officer from May 1, 2026. He succeeds Dr. N. Kamakodi, who concludes a distinguished 15-year tenure leading the bank.

(L to R) Dr. N. Kamakodi; R. Vijay Anandh

Mr. Anandh brings nearly three decades of banking experience to the role. He joined CUB in 2023 as Executive President and was elevated to Executive Director in 2024. Prior to this, he served as Business & Collections Head for Retail Assets at RBL Bank.

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Speaking on his new role, Mr. Anandh emphasized continuity and stability. “We are not looking to bring in any drastic changes to a system that has seen robust growth over the last 15 years. Trust, ease of banking, and customer service will remain the bank’s core priorities,” he said, adding that the institution will continue strengthening its presence in MSME and secured lending segments.

Kamakodi to Head CUB Foundation

Following the transition, Dr. Kamakodi will take over as Chairman of the CUB Foundation, the bank’s philanthropic arm focused on water conservation, cultural preservation, and social initiatives.

During his tenure from FY2010–11 to FY2025–26, Dr. Kamakodi oversaw a period of sustained growth and transformation. The bank recorded a six-fold increase in deposits and a seven-fold rise in advances, while maintaining a compound annual growth rate (CAGR) of 14% in overall business. Its branch network expanded from over 240 outlets to nearly 1,000, and net worth crossed ₹10,000 crore, growing at a CAGR of 17%.

His leadership also marked a strategic shift from a predominantly manual, relationship-driven model to a modern, technology-enabled bank with a strong focus on retail and MSME segments.

Strategic Priorities Under New Leadership

Mr. Anandh outlined key focus areas going forward, including MSME lending, which currently contributes 55–60% of total advances, and gold loans, accounting for nearly 30% of the portfolio. Secured retail lending and deeper technology integration across operations will also remain priorities.

He highlighted the importance of strengthening cybersecurity frameworks, particularly in light of emerging AI-driven threats, while continuing to enhance operational efficiency through digital adoption.

Robust Financial Performance

CUB reported strong financial results for FY26, including its highest-ever quarterly net profit in the fourth quarter. The bank posted a net profit of ₹360 crore in Q4, marking a 25% year-on-year growth, with net interest income rising 31% to ₹786 crore.

For the full fiscal year, net profit stood at ₹1,326 crore, up 18% year-on-year, while net interest income increased 22% to ₹2,830 crore. After achieving a robust business growth of 23–24% in FY26, the bank has projected a steady growth trajectory of around 18% for FY27, signaling continued momentum under the new leadership.

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