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Tamilnad Mercantile Bank

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Karunanidhi's daughter has Rs 8.45 crore; CPI's Ra

 Tamil Nadu Chief Minister M Karunanidhi's daughter Kanimozhi owns assets valued at about Rs 8.45 crore while Communist Party of India's national secretary D Raja has no property and has only Rs......

Tamilnad Mercantile Bank eyes Rs 1,000-crore IPO by Nov-Dec 2021

 The book value of the bank is Rs 321 per share and capital adequacy was 18.94 per cent in March 2021, up from 16.74 per cent in March 2020. Illustration: Uttam Ghosh/Rediff.com Private lender......

Banks await RBI approval for appointing second whole-time director

 More than half a dozen private-sector banks are awaiting regulatory approval for the appointment of a second whole-time director on their boards. Photograph: Ajay Verma/Reuters In a notification......

RBI directs pvt banks to have at least two wholetime directors

 In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday directed them to have at least two wholetime......

TMB failed to file details of Rs 3,610 cr deals due to tech glitch

 After the income tax department indicated that the Tamilnad Mercantile Bank (TMB) did not provide the complete details of transactions worth up to Rs 3,610 crore, sources told Business Standard......

SBI, 25 other major Indian banks figure in suspicious transactions list

 Banks say they themselves red-flagged the transactions to RBI. It must be noted that these transactions are not outright evidence of fraud or proof of nefarious activities. Illustration: Uttam......

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