The Reserve Bank of India has approved the appointment of Sankaran G as Whole-time Director (Executive Director) at City Union Bank for a three-year term. According to reports from The Hindu BusinessLine, the approval is effective from the date of taking charge. The bank has indicated that a separate communication will be made to the stock exchange after the Board approves his appointment. As per the latest regulatory disclosure, the intimation has been submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Sankaran G currently serves as Executive President at City Union Bank, and will continue in this role until he assumes the new position. As reported by The Hindu BusinessLine, the bank will take necessary steps to induct him onto its Board as a Whole-time Director, designated as Executive Director, in due course. The appointment represents a significant leadership transition within the private sector lender's executive structure.
The three-year term will commence from the date he assumes charge of the Executive Director position. According to The Hindu BusinessLine, the bank has outlined a clear process for the appointment, stating that necessary steps will be taken to induct him onto the Board as a Whole-time Director. The communication to the stock exchange will be made after the Board approves his appointment, ensuring proper regulatory compliance throughout the transition process. The bank has confirmed it will make a separate communication with relevant disclosures to the stock exchanges after the appointment is approved by the Board.
