New Delhi — City Union Bank Limited (CUB) has announced the appointment of seasoned banking professional R. Mohan as an Additional Director in the category of Independent Director, effective April 27, 2026. The decision was approved at the bank’s Board meeting held earlier in the day.
The appointment is subject to shareholder approval within three months, in accordance with regulatory requirements under the Securities and Exchange Board of India’s (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The bank disclosed the development to both the National Stock Exchange of India and BSE Limited as part of its compliance obligations.
Strengthening Board Oversight
City Union Bank stated that Mohan’s induction is aimed at enhancing its corporate governance framework and bringing seasoned leadership to its Board. As an Independent Director, he will play a key role in ensuring transparency, accountability, and strategic oversight in the bank’s operations.
Extensive Banking Experience
R. Mohan brings nearly four decades of experience in the banking sector. He holds a Bachelor of Science degree, along with professional and management qualifications including CAIIB (Certified Associate of Indian Institute of Bankers) and an MBA.
Mohan began his career with City Union Bank in 1975 as a Probationary Officer and rose through the ranks over the years. He retired in 2014 as Chief General Manager, having handled a wide range of responsibilities across the organization.
His areas of expertise include:
- Core banking operations
- Agriculture and rural finance
- Small and medium enterprise (SME) lending
- Treasury and financial management
- Foreign exchange (forex) operations
- Business strategy and organizational leadership
Prior Leadership Roles
Following his retirement, Mohan continued to contribute to the bank’s leadership. He served on the Board of City Union Bank from 2014 to 2022, including a tenure as Part-Time Chairman, gaining valuable experience in governance and policy oversight.
Regulatory and Governance Compliance
The bank confirmed that Mohan is not related to any existing director on the Board, ensuring compliance with independence criteria under SEBI regulations. His appointment aligns with the bank’s ongoing focus on strengthening governance standards, regulatory compliance, and strategic decision-making processes.
City Union Bank, one of India’s established private sector lenders, continues to emphasize strong governance practices as it navigates a competitive banking environment. The addition of an experienced professional like R. Mohan is expected to support the bank’s long-term growth strategy and reinforce stakeholder confidence.
