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TMB AGM
Tamilnad Mercantile Bank to open 40 new branches, hire global consultant for MSMEsDuring the AGM, the bank highlighted its continued focus on growth and transformation, laying out a comprehensive plan for expansion and di...- TMB aims to achieve Rs 1 lakh crore turnover in next four yearsTo reduce the time for clearing loans, the bank has set up centralised loan processing cells in a few cities, including Coimbatore.
- Court restrains 7 from continuing as Tamilnad Mercantile Bank directorsA court has restrained seven directors of the Tuticorin-based private-sector bank, Tamilnad Mercantile Bank (TMB), from continuing as direc...
- Once labelled a 'deserter', S Ashok is helping Nadars regain control of Tamilnad Mercantile BankSeventeen years ago, S Ashok became an outcast among the Nadars when he sold his 18% equity in the community-owned Tamilnad Mercantile Bank...
- RBI refuses to endorse Sivasankaran's Tamilnad Mercantile Bank stake saleRBI has refused to acknowledge C Sivasankaran's sale of nearly 33% stake in Tamilnad Mercantile Bank to Indian and foreign investors four y...
- FIIs influence TMB poll outcome, five Nadar directors re-elected to boardThe Foreign investors (non-nadars) holding 24.93% stake in the thin Rs 28.45 lakh equity Tamilnad Mercantile Bank (TMB) seem to have influe...
- TMB holds two AGMs at TuticorinAs in the previous years, infighting among the influential Nadar Business groups came to the fore at the two annual general meetings conduc...
- 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 ...
- Madras HC upholds election of 10 new directors to TMB boardTuticorin- based old private sector Tamilnad Mecantile Bank is set to have a reconstituted full-fledged board with Madras High Court passin...
- RBI closely monitoring TMB in absence of boardRBI is keeping a close watch on the affairs of TMB in the absence of an elected board.
- Madras HC asks RBI nominees, MD TMB to take routine decisionsThe Madras High Court has permitted two nominees of RBI and the Managing Director of Tamil Nadu Mercantile Bank to take decisions on the ba...
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