City Union Bank (NSE:CUB, BOM:532210) said the Reserve Bank of India has approved the appointment of R. Vijay Anandh as managing director and chief executive officer of the bank for a three-year term starting May 1, according to a Monday filing with the Indian bourses.
Shares of the bank were down over 1% in Tuesday's trade.
The appointment is subject to shareholder approval, the filing said.
Anandh is currently an executive director of the bank.
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