Balasubramanian to continue as MD of City Union Bank

Balasubramanian to continue as MD of City Union Bank

Mumbai: Private sector lender City Union Bank (CUB) said S. Balasubramanian has been reappointed as its managing director and CEO for a period of three months effective from Monday.

The decision was taken during a meeting of the bank’s board on 30 January 2011 CUB said in a filing to the Bombay Stock Exchange.

“...the board at its meeting held on 30 January has taken on record the reappointment of S Balasubramanian as managing director and CEO of the bank for a further period of three months with effect from 31 January, 2011," it said.

Balasubramanian has been serving on the same position since 2009.

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