“Despite ups and downs and economic downturns, these 15 years have given me satisfaction in terms of all-round growth,” Kamakodi said at a media interaction in Chennai.
Under Kamakodi’s leadership, the bank’s total business has grown at a compounded annual growth rate (CAGR) of 13 per cent, increasing sevenfold to Rs 1,45,006.8 crore in 2025-2026. In 15 years, the bank’s deposits have grown six times and advances seven times. Its market capitalisation has increased 11x.
The Kumbakonam-based old private sector bank’s total business grew 24 per cent in FY 2025-2026 compared to last year. Advances grew 26 per cent and deposits 23 per cent, Kamakodi said.
The branch network has grown from 246 in 2011 to 1,000 as of last week.
CUB’s net worth has grown 10 times to over Rs 10,000 crore and seen a 17 per cent CAGR in 15 years.
Vijay Anandh was first appointed as Executive President at CUB in 2023 and designated as Executive Director in 2024.
He has over 28 years’ experience in banking. Prior to joining CUB, he spent around 13 years in RBL Bank, handling various responsibilities.
“Culturally, I will gel well for sure. Despite so many ups and downs in the economy, having that shock absorber and running the bank like this is a big thing,” Anandh said.
“I don’t have to do anything new here. So, the same focus and same products will continue. We are not going to change anything,” he said.
“The bank’s major focus is MSME business and that is the first priority. After that, the focus is on gold loans, agri loans and the retail segment we started about two years back,” Anandh said.
MSMEs account for 55-60 per cent of the bank’s total advances, while gold loans account for 29-30 per cent.
“I think exciting times are ahead. We don’t want to test too much. We will continue with what we are. The bank is in a very strong phase. So, we don’t want to disturb anything,” Anandh said.
“Now in banking, everyone asks only three things – trust, customer experience and ease of banking. We will definitely take care of these three,” he said.
Anandh said that the bank was into secured lending in retail, such as loan against property and home loans. So far, the bank had not seen any stress on its loan portfolio from the West Asia conflict, he added.
Anandh also said the bank’s gold loan portfolio was comfortably placed amid volatile gold prices and could withstand a price fall of 5-20 per cent.
CUB was looking for a credit growth of 15-18 per cent in FY 2027, he said.