The Reserve Bank of India (RBI) has approved the appointment of S Ravindran as the part-time chairman of Tuticorin-based Tamilnad Mercantile Bank (TMB), effective 29 February 2024.
Appointment
The Reserve Bank of India (RBI) has approved the appointment of S Ravindran as the part-time chairman of Tuticorin-based Tamilnad Mercantile Bank (TMB), effective 29 February 2024. The approval is subject to Ravindran, stepping down from his directorships in Shriram Finance and Bandhan AMC, before assuming charge as the part-time chairman of the bank. This comes after the apex bank declined TMB's recommendation to appoint B Vijayadurai as part time non-executive chairman of the lender last year. Ravindran is also a chartered accountant and cost accountant. He has an extensive work experience of 29 years at the Securities and Exchange Board of India (SEBI), where he served as the executive director from August 2011 to May 2022.
HQ- Thoothukudi, Tamil Nadu
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