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Pranjul Bhandari, Chief India Economist, HSBC said, "I do think it is an important policy because it gives a clear pivot that RBI is going to be steady on rates from here. So far it’s been playing like a T-20 match, but going forward is going to play more like a test match model in which it is not the primary baton holder of growth."
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CNBC TV18•09-02-2026, 22:11

RBI Approves R. Vijay Anandh as City Union Bank MD & CEO for 3 Years

  • •RBI has approved R. Vijay Anandh's appointment as MD & CEO of City Union Bank for three years, effective May 1, 2026.
  • •Anandh, currently the bank's Executive Director, will assume the role pending shareholder approval.
  • •City Union Bank reported strong Q3 results with a 16% rise in net profit to ₹332 crore and a 28% increase in net interest income to ₹752 crore.
  • •Asset quality improved, with gross NPAs declining to 2.17% and net NPAs easing to 0.78%.
  • •City Union Bank shares closed 1.25% lower at ₹288.80 on the NSE today.
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