TMB Appoints Visvanathan Srinivasan as Additional Director by RBI

Tamilnad Mercantile Bank Limited (TMB) has announced the appointment of Thiru. Visvanathan Srinivasan as an Additional Director. This appointment was made by the Reserve Bank of India (RBI) in exercis...

Tamilnad Mercantile Bank Limited (TMB) has announced the appointment of Thiru. Visvanathan Srinivasan as an Additional Director. This appointment was made by the Reserve Bank of India (RBI) in exercise of powers conferred under the Banking Regulation Act, 1949. Thiru. Visvanathan Srinivasan, currently the General Manager of the Department of Payment and Settlement System at RBI Chennai, will serve for a period of two years, commencing from December 20, 2025, until December 19, 2027, or until further orders, whichever is earlier. He replaces Thiru. Thomas Mathew, Principal Chief General Manager (retd.). Thiru. Visvanathan Srinivasan is not related to any existing Directors or Key Managerial Personnel of the Bank. It is confirmed that he is not debarred from holding the office of Director by any SEBI order or other authority. He holds a graduate degree in Mathematics, a postgraduate degree in Business Administration, is a Certified Associate of the Indian Institute of Bankers, and has completed a PG Diploma in Software Technology. He brings 36 years of experience from the Reserve Bank of India, where his current role involves overseeing non-bank payment system operators and managing the national clearing house for paper-based instruments. He will be a member of the Audit Committee of the Board, the Special Committee of the Board for Monitoring and Follow-up of Cases of Frauds, and the NPA Monitoring Committee of the Board.

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Why is Tamilnad Mercantile Bank Limited in the news today?

Tamilnad Mercantile Bank Limited (TMB) is in the news due to the appointment of a new director by the rbi is a routine regulatory action and does not inherently indicate a positive or negative development for the bank's performance.

Board ChangesOther Regulatory FilingsKey Management Changes
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TMB Appoints Visvanathan Srinivasan as Additional Director by RBI

December 19, 2025, 03:27 PM

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Tamilnad Mercantile Bank Limited (TMB) has announced the appointment of Thiru. Visvanathan Srinivasan as an Additional Director. This appointment was made by the Reserve Bank of India (RBI) in exercise of powers conferred under the Banking Regulation Act, 1949. Thiru. Visvanathan Srinivasan, currently the General Manager of the Department of Payment and Settlement System at RBI Chennai, will serve for a period of two years, commencing from December 20, 2025, until December 19, 2027, or until further orders, whichever is earlier. He replaces Thiru. Thomas Mathew, Principal Chief General Manager (retd.).

Thiru. Visvanathan Srinivasan is not related to any existing Directors or Key Managerial Personnel of the Bank. It is confirmed that he is not debarred from holding the office of Director by any SEBI order or other authority. He holds a graduate degree in Mathematics, a postgraduate degree in Business Administration, is a Certified Associate of the Indian Institute of Bankers, and has completed a PG Diploma in Software Technology. He brings 36 years of experience from the Reserve Bank of India, where his current role involves overseeing non-bank payment system operators and managing the national clearing house for paper-based instruments. He will be a member of the Audit Committee of the Board, the Special Committee of the Board for Monitoring and Follow-up of Cases of Frauds, and the NPA Monitoring Committee of the Board.

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