In separate letters to the two banks, located at Mylapore area, he said that under the relevant party laws, he continued to be the AIADMK treasurer.
AIADMK-Amma led by Palaniswami accused the O Panneerselvam faction of "refusing" to come for talks.
A replica of a coffin with late chief minister Jayalalithaa's figurine was on Thursday deployed by All India Anna Dravida Munnetra Kazhagam (Puratchi Thalaivi Amma) faction as part of campaign for the RK Nagar assembly bypoll, highlighting its demand for a probe into her death.
Both OPS and EPS say positive results are expected soon.
State Finance Minister D Jayakumar said such "politics of opportunism" will not succeed.
"Let us all together stop the party and government from going into the hands of a single family again. Let us form a people's government again in sync with the aspirations of people and till then this struggle will continue," he said.
Soon after the Karnataka high court denied bail for Jayalalithaa, Tamil Nadu Chief Minister O Paneerselvam on Tuesday appealed to people not to resort to strike or any other form of protest to express solidarity with the All India Anna Dravida Munnetra Kazhagam chief as she would not like to cause inconvenience to the common man.
Special prayers and celebrations were held on Monday by ruling All India Anna Dravida Munnetra Kazhagam party workers across Tamil Nadu on the occasion of the 'star birthday' of Chief Minister Jayalalithaa.
The faction led by O Panneerselvam will be referred to as 'AIADMK Puratchi Thalaivi Amma' and the Sasikala faction will be referred to as 'AIADMK Amma'.
OPS said he was being "forced" to come up with such an announcement.
Palaniswami, Tamil Nadu's new CM was among the senior ministers who had proximity to Jayalalithaa.
The ruling faction's announcement came two days after Prime Minister Narendra Modi rang up Palaniswami to seek his party's support.
All India Anna Dravida Munnetra Kazhagam chief J Jayalalithaa, who is eyeing a larger role for herself in the national politics after Lok Sabha polls, was on Monday presented a cake resembling Parliament by her party colleagues on her 66th birthday.
A combative Rao, who claimed the I-T search warrant did not have his name, repeatedly invoked the legacy of former chief minister, the late J Jayalalithaa, and asked if raids would have occurred at his office had she been alive.
Panneerselvam's remark came a day after the two factions were squabbling and blaming each other for the delay in the talks getting off the ground.
Party treasurer and Chief Minister O Panneerselvam said, "In tune with party rules, honourable Chinnamma is appointed AIADMK general secretary and a resolution to this effect has been adopted unanimously by the general council."
Cries of "Amma" rent the air as a sea of humanity thronged the Rajaji Hall grounds on Tuesday to pay their last respects to AIADMK supremo and Tamil Nadu Chief Minister J Jayalalithaa, whose body lay in state in Chennai where normal life virtually came to a grinding halt.
The party HQ, addressed as 'Thalamai Kazhagam' in Tamil, now has only banners of late chief minister J Jayalalithaa.
Though both the Dravidian majors are facing questions on family politics, the ruling party especially finds itself in the dock since its late leader J Jayalalithaa had often used it to target her party's archrival DMK.
Tamil Nadu Cabinet has decided to recommend late All India Anna Dravida Munnetra Kazhagam supremo Jayalalithaa for India's highest civilian honour, the 'Bharat Ratna'.
O Paneerselvam did not even sit in Jayalalithaa's office chamber and left her seat vacant in the assembly. This time Amma is not coming back and he has a large number of challenges awaiting him.
"It is me in the video, but the voice is not mine," Saravanan told reporters.
The IT sleuths recovered 'incriminating' documents from the premises of Vijayabaskar and others, officials said.
The hospital, where the AIADMK general secretary was admitted on September 22 after she complained of fever and dehydration, said she was "constantly being monitored".
Even as the unity moves between the two AIADMK factions seem to be going nowhere, former chief minister O Panneerselvam is working on a grand alliance of other Opposition parties, reports R Rajagopalan.
Tamil Nadu Chief Minister Jayalalithaa died in Chennai tonight at a private hospital after battling for life for the 75 days.
A new political crisis is brewing in the VK Sasikala camp in Tamil Nadu -- differences between Chief Minister Edappadi Palaniswami and party general secretary Sasikala.
The acquittal allows her to plan a new political path and also prepare her party for the assembly elections scheduled next year.
Strongly defending former chief minister and party supremo Jayalalithaa's aide V K Sasikala, ruling All India Anna Dravida Munnetra Kazhagam on Saturday said there is nothing wrong in its leaders calling on her as she is a key member and asserted a person would soon be elected to the top post of General Secretary.
We don't have confidence in the chief minister, the MLAs said.
Thousands of people hailing 'Puratchi Thalaivi Amma' (Revolutionary Leader Amma) walked with the cortege.
Dinakaran recalled the difficulties faced by party workers in carrying forward their organisational work without a name.
As the merger brought to an end weeks of suspense during which there was tough negotiations, the two factions said steps would be taken to expel party chief V K Sasikala.
The AIADMK supremo retained 13 of her ministers, who were in the previous cabinet, besides inducting 17 new faces including four women.
With faction bosses not seeming to control anyone any more, can the BJP count on the AIADMK for the presidential polls any more, asks N Sathiya Moorthy.
A meeting presided over by Palaniswami said the appointment of Dinakaran as deputy general secretary was against party rules.
Freshly packed ladoos were distributed by exuberant party workers to everyone on the road, and even to commuters on the bus, auto and bikes.
62 candidates vye for Amma's mantle in the Radhakrishnan Nagar assembly by-poll in Tamil Nadu, but who will fortune favour?
In a major boost to Chief Minister O Panneerselvam, three All India Anna Dravida Munnetra Kazhagam Members of Parliament, state School Education Minister K Pandiarajan and veteran AIADMK leader and spokesman C Ponnaiyan on Saturday joined his dissident camp.
The twin announcements have virutally cleared the decks for the merger of the two factions.