The announcement was made post market hours yesterday.
The re-appointment was based on the recommendation of the board of directors of the private sector bank.
On the BSE, 9.10 lakh shares were traded in the counter so far compared with average daily volumes of 1.95 lakh shares in the past two weeks and 1.73 shares in the past one quarter.
City Union Bank offers a wide range of banking and financial services across India, including both domestic and International banking services. It is a private sector bank with 752 branches across 16 states and three Union territories.
The private sector bank's net profit rose 11% to Rs 217.84 crore on 20% rise in total income to Rs 1,429.98 crore in Q3 FY23 over Q3 FY22.
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