City Union Bank to Maintain Growth Strategy Under New Leadership
No big shift: CUB to stay course under new MD
The Times Of India
Image: The Times Of India
City Union Bank in Chennai, India, plans to continue its conservative lending approach and aims for a loan growth of 15%–18% under new Managing Director R Vijay Anandh, who will take charge on May 1, 2026. The bank focuses on MSMEs, which comprise 55%–60% of its loan portfolio, while gradually expanding its retail lending segment.
- 01R Vijay Anandh will succeed N Kamakodi as MD & CEO on May 1, 2026.
- 02City Union Bank aims for a loan growth of 15%–18% while maintaining a loan-to-deposit ratio of 85%–87%.
- 03MSMEs will continue to be the bank's primary focus, constituting 55%–60% of its loan book.
- 04Retail lending is growing, with the segment increasing from ₹3,000 crore to ₹6,000–7,000 crore.
- 05The bank plans to expand its branch network, which has surpassed 1,000 branches.
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City Union Bank, headquartered in Chennai, India, is set to maintain its growth trajectory under the new leadership of R Vijay Anandh, who will take over as Managing Director & CEO on May 1, 2026. The bank aims to achieve a loan growth of 15%–18%, while keeping its loan-to-deposit ratio between 85%–87%. Anandh emphasized that the bank will not make drastic changes to its established model, which has successfully outpaced industry growth by 2–3 percentage points over the past decade. The bank's core focus will remain on Micro, Small, and Medium Enterprises (MSMEs), which account for 55%–60% of its loan portfolio. Additionally, the bank plans to gradually increase its secured retail lending, which has seen significant growth, expanding from ₹3,000 crore in its first year to ₹6,000–7,000 crore currently. City Union Bank will also continue to enhance its branch network, now exceeding 1,000 branches, and deepen relationships with existing customers rather than pursuing aggressive new acquisitions.
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The bank's focus on MSMEs and gradual expansion of retail lending will benefit local businesses and consumers in Chennai and surrounding areas.
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