Chennai: Old private sector lender City Union Bank’s net worth has crossed the Rs 10,000 crore mark, marking a major milestone as managing director and chief executive officer N Kamakodi prepares to conclude his 15-year tenure after completing 60 consecutive quarters at the helm. Kamakodi, whose term ends on April 30, said the board has already submitted a list of candidates to the Reserve Bank of India (RBI) for approval as part of the succession process. “My tenure of 15 years will be completed on April 30. This is my 59th quarter now, with one more quarter to go. The board has sent the list of candidates to RBI, and once we receive approval, we will communicate the status. Everything is progressing as planned,” he said during the bank’s third-quarter earnings call. Kamakodi’s leadership spans 60 quarters, or 15 years, during which the bank strengthened its balance sheet and expanded steadily, culminating in the latest net worth milestone. City Union Bank has also maintained strong business momentum, delivering consistent double-digit growth across all four quarters of FY25 and the first three quarters of FY26, according to R Vijay Anandh, executive director.“We expect to end FY26 with high-teen growth, which will be above industry levels. Our focus remains on core MSME lending, gold loans and secured retail,” Anandh said.
