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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......

Can Private Bankers Transform Public Sector Banks?

Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff Last week's column on the......

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......

Vangal, foreign investors to sell TMB holdings

Ramesh Vangal and foreign investors backing him have decided to exit the Nadar community-controlled Tamilnad Mercantile Bank (TMB). The buyers include Kuwait and Brunei sovereign wealth funds,......

'We stand on firm ground, no question of merger'

Tuticorin-headquartered Tamilnad Mercantile Bank (TMB), which recently got a new board of directors after a gap of over 18 months, says recruitments, expansion and an initial public offer (IPO) are......

Tamilnad Mercantile Bank

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