Tamilnad Mercantile Bank Limited announced that Board of Directors in their meeting held on June 07, 2024 has accepted to relieve Shri. S. Krishnan from the position of CEO of the Bank at the closing of business hours as on June 07, 2024. As such, the CoE appointed by the RBI will assume charge as an Interim Arrangement with effect from the opening of business hours as on June 08, 2024, for a period of three months or till the new MD & CEO assumes charge, whichever is earlier.

Reserve Bank of India ("RBI") has approved the appointment of a Committee of Executives ("CoE") as an interim arrangement to oversee the operations and administration of the bank in the absence of MD & CEO. The Committee of Executives ("CoE") would consist of the following three members: a. Shri.S.Narayanan, General Manager (Credit), b. Shri.D.Ramesh, General Manager (HR), and c. Shri.P.R.Ashok Kumar, General Manager (PDRM).