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City Union Bank names new nonexecutive chairman

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City Union Bank names new nonexecutive chairman

City UnionBank Ltd. appointed a new nonexecutive chairman.

The bank named S. Mahalingam, currently an independentdirector, nonexecutive chairman to replace S. Balasubramanian, who was to leavethe post May 3, according to a filing that day.

The bank also appointed M. Narayanan an additional director,effective May 3.