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MERCANTILE BANK CHAIRMAN
Bankers welcome RBI move to cut CRR: 'Will bring down cost of funds'The Reserve Bank of India (RBI) cut the cash reserve ratio (CRR) by 0.50%, releasing ₹1.16 lakh crore into the banking system. Bankers laud...06 Dec, 2024, 08.57 PM IST- ED attaches Rs 205-cr assets of ex-Tamilnad Mercantile Bank chairman, othersMGM Maran was the chairman of Tamilnad Mercantile Bank (TMBL) in 2007 when he along with other directors and officials of the bank had faci...27 Dec, 2022, 12.42 PM IST
- RBI rejects TMB's recommendation to appoint B Vijayadurai as non-executive chairman"Reserve Bank of India vide their letter dated September 19, 2022, declined our request for appointment of B Vijayadurai as part time non e...20 Sep, 2022, 10.06 PM IST
- Bombay Mercantile Co-op Bank more than doubles NPA recoveries in FY22FY22, the bank registered a profit of Rs 2.36 crore despite the impacts of two Corona waves and their continuing after effects, its chairma...02 Sep, 2022, 06.17 PM IST
- ED seizes over Rs 293 crore worth shares of ex-Tamil Nadu Mercantile Bank chairman in FEMA probeThe seized assets are in the form of shareholdings of Muthu alias MGM Maran in four Indian companies: Southern Agrifurane Industries Privat...28 Dec, 2021, 03.28 PM IST
- StanChart Fined₹100 Crore for FEMA ViolationsThe probe was based on the communication sent by the RBI to investigate advance remittances received by certain entities for purchase of TM...12 Sep, 2020, 09.54 AM IST
- Standard Chartered fined Rs 100 crore for role in TMB buyout bidED faults transactions in 2007 related to bid by offshore entities to take control of local lender08 Sep, 2020, 02.36 PM IST
- Enforcement Directorate issues Rs 608 crore notice to TN bank, Standard CharteredED has issued an over Rs 608 crore showcause notice to a Tamil Nadu based Mercantile bank and leading foreign bank Standard Chartered for a...18 Dec, 2014, 10.07 PM IST
- Nayak panel wants RBI to let banks decide when to go publicThe 2013 guidelines of RBI require banks to list on the stock exchanges to meet the objective of broad-basing the shareholding structure.14 May, 2014, 04.46 PM IST
- Nitin Gadkari’s wife, sons held shares in 3 Purti ‘shell’ companiesPapers accessed by TOI show that there are at least 6 instances which directly link BJP chief Nitin Gadkari to holding companies through hi...25 Nov, 2012, 06.44 AM IST
- Will insider trading charges against ex-McKinsey head Rajat Gupta slur India story?Gupta’s troubles following US SEC’s decision to frame insider trading charges against him could slur India's investment story at an inoppor...03 Mar, 2011, 06.23 AM IST
- CBI arrests six of a coop bank in gold jewellery export scamCBI today arrested six persons including a chairman and a former director of a co-operative bank for their alleged involvement in a Rs 480 ...26 Nov, 2010, 08.02 PM IST
- TMB board meets in ChennaiThe reconstituted full-fledged board of Tamilnad Mercantile Bank met in Chennai on Friday in the wake of a Judgement passed by Madras High ...27 Nov, 2009, 07.38 PM IST
- HC confirms injunction against investors in TMBMadras High Court has confirmed an interim injunction restraining six new investors in Tamilnad Mercantile Bank from exercising their right...07 Dec, 2007, 12.23 AM IST
- KP kin declared offender in Madhavpura bank scam13 Jan, 2007, 02.28 AM IST
- TMB profits decline by Rs 29 crTamilnad Mercantile Bank posted a net profit of Rs 580 crore this fiscal, declining by Rs 29 crore from the corresponding period last year.28 Jul, 2006, 09.40 AM IST
- Co-ops asked to iron out flaws within 4 months of inspectionThe Reserve Bank of India (RBI) has directed urban co-operative banks (UCBs) to remove irregularities pointed out in their annual inspectio...17 Feb, 2003, 11.49 PM IST
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