Tamilnad Mercantile Bank Limited announced that in exercise of powers conferred under sub-section (1) of Section 36 AB of Banking Regulation Act, 1949, the Reserve Bank of India, vide its order Ref.No.DOR.GOV.No.S3966/08.55.001/2022-23 dated September 22, 2022 has appointed Shri. C. S. Ram Kumar, General Manager, Reserve Bank of India, Chennai Regional Office as Additional Director of the Bank for a period of two years with effect from October 4, 2022, in place of Shri. N.Gopal, General Manager (retd.), RBI, whose tenure as Additional Director of the Bank comes to an end on October 3, 2022.

Shri. C.S. Ram Kumar, B.Com., CAIIB,Having more than 32 years of experience in various functions of central banking at different centers, especially, in supervision of non-banking financial companies, payment and settlement systems, external investments and foreign exchange. Date of appointment and term of appointment: October 4, 2022 For a period of two years w.e.f. October 4, 2022 to October 3, 2024 or till further orders, whichever is earlier.