City Union Bank (CUB), a private sector lender, has announced that it is seeking applications for the position of Managing Director and Chief Executive Officer (MD & CEO). The current MD & CEO, N Kamakodi, is set to retire in May 2026 after completing 15 years in the role. The Reserve Bank of India (RBI) has capped the tenure of MD & CEOs of private banks at 15 years.

To be eligible for the position, candidates must have at least 25 years of experience in the banking industry, with expertise in key areas such as risk management, digital banking, compliance, and technology. Additionally, applicants must be currently working as a whole-time director in a scheduled commercial bank and possess good industry knowledge and people skills.

The appointment will be on a contract basis for a period of three years, subject to approval from the RBI. The candidate’s final remuneration will also be subject to RBI approval. The bank has stated that proficiency in Tamil is highly desirable, as 60% of its operations are conducted from Tamil Nadu.

The last date for submission of applications is November 7, 2025. The bank is looking for an experienced banking professional who can lead the organization and drive its growth and success. The ideal candidate will have a deep understanding of the banking industry, excellent leadership skills, and the ability to navigate the complexities of the financial sector.

The appointment of a new MD & CEO is a significant development for City Union Bank, and the bank is expected to attract a number of talented and experienced candidates for the role. The RBI’s approval will be crucial in the selection process, and the bank will need to ensure that the candidate meets all the necessary criteria and regulations. Overall, the search for a new MD & CEO is an important step for City Union Bank as it looks to the future and continues to grow and evolve as a major player in the Indian banking sector.