City Union Bank Ltd has informed BSE about the following:<BR><BR>1. Shri. S. Balasubramanian shall vacate the office of Part-time Non-Executive Chairman of the Bank as at the close of Business hours on May 03, 2016 on account of his superannuation.<BR><BR>2. The name of Shri. S. Mahalingam, Independent Director of the Bank, has been recommended by the Board for the post of Non-Executive Chairman of the Bank and approval by the Reserve Bank of India is awaited.<BR><BR>3. The Board of Directors of the Bank in its meeting held on May 03, 2016 has co-opted Shri. M. Narayanan, as Additional Director of the Bank, w.e.f., May 03, 2016.
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