Tamilnad Mercantile Bank

Tamilnad Mercantile Bank offers 7.50% to senior citizens for special deposit scheme of 456-day tenor

If your tax liability is more than the advance tax paid, you can pay balance tax through any of 31 banks at e-pay tax service. Two new banks added to the list in 2025 are Tamilnad Mercantile Bank (w.e.f. March 5) and Yes Bank (June 27).

IndusInd Bank is the latest private sector lender to witness a senior leadership crisis, following Yes Bank, RBL Bank, Lakshmi Vilas Bank, and Tamilnad Mercantile Bank in recent years.

The two banks which were recently added to the list are Tamilnad Mercantile Bank (included on March 5, 2025) and IDFC First Bank which was added on Nov 27, 2024. Another bank which added to the list is Dhanlaxmi Bank on June 26, 2024.

The resignation comes a week after the bank mistakenly credited ₹ 9,000 crore in the bank account of a Chennai cab driver

The bank has failed to report major transactions that included interest payment of more than ₹ 500 crore, time deposits, cash deposits, and withdrawals in current accounts.

Interest income grew to ₹ 1,070 crore during the quarter, as against ₹ 986 crore in the same quarter a year ago.

A mid-cap private sector bank with a market capitalization of Rs. 7,163.03 Cr. is Tamilnad Mercantile Bank Ltd.