CFO and ED of TCS appointed Bank’s non executive chairman

Q.  Who has been appointed as the non executive chairman of City Union Bank?
- Published on 05 May 16

a. S. Ramadorai
b. Ramani Iyer
c. S. Mahalingam
d. None of the above

ANSWER: S. Mahalingam
 
S. Mahalingam, former chief financial officer (CFO) and executive director of Tata Consultancy Services (TCS), is set to become the non-executive chairman of City Union Bank.
  • Mr. Mahalingam is currently an Independent Director on the board of the bank.
  • The board’s decision comes in the wake of S. Balasubramanian vacating the office of part-time Non-Executive Chairman of the bank at the close of business hours on Tuesday upon his superannuation.
  • Board also co opted M. Narayanan as Additional Director of the Bank.

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