Trust, ease of banking, and customer service will continue to remain the key priorities of the bank even as we focus on MSME and other secured lending avenues, Vijay Anandh, the incoming MD and CEO of City Union Bank, said here on Wednesday.
As N Kamakodi, the MD and CEO of private sector lender City Union Bank steps down after a 15-year tenure, Anandh is set to take over as the head of the bank from May 1, 2026.
We are not looking to bring in any drastic changes to a system that has seen robust growth over the last 15 years of our MD’s tenure; there are exciting times ahead for the industry and we do not want to disrupt the status quo, Anandh told media persons in an interaction.
Under Kamakodi’s tenure from 2010-11 to 2025-26, the Kumbakonam-headquartered bank has seen 6x growth in deposits, over 7x growth in advances, and a 15-year CAGR of 14 per cent in the business.
The branch network has grown from 240+ to 1,000 as of last week as the bank continues its aggressive push in MSME lending and other secured retail portfolio. At over ₹10,000 crore, the net worth has seen a 17 per cent CAGR in this period.
Kamakodi’s tenure saw the bank make the transition from a largely manual and closed network of customers to today serving a much wider focus by retaining the emphasis on relationship-oriented banking.
“My focus will be to build on the bank’s core strength in MSME, gold loans and secured retail, and will look to further leverage technology across operations,” Anandh said. MSMEs today make up 55-60 per cent of CUB’s total advances and gold loans make up the next big chunk of 29-30 per cent.
Anandh holds over 28 years of experience in banking. Prior to his appointment in City Union Bank, he served as the business and collections head for retail asset products at RBL Bank. He was first appointed as Executive President at CUB in 2023, and was designated Executive Director in 2024.
Anandh says they have set up systems for retail banking and with increasing threats around AI models, they have also upped focus on cybersecurity and are well equipped in terms of systems and expertise to handle it.
On Monday, the bank reported net profit of ₹360 crore for the quarter ended March 2026 (Q4FY26), a 25 per cent growth compared to ₹288 crore in Q4FY25. Net interest income came in at ₹786 crore, a 31 per cent jump year-on-year (y-o-y). This is the highest net profit achieved by CUB in a single quarter, the bank said.
Net profit for the fiscal year 2026 (FY26) was ₹1,326 crore, an 18 per cent jump compared to ₹1,124 crore in FY25. At ₹2,830 crore, net interest income registered a 22 per cent jump.
After reporting a 23-24 per cent business growth in FY26, the bank anticipates around 18 per cent growth in FY27.
Published on April 29, 2026