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The managing director and chief executive officer (MD&CEO) of Tamilnad Mercantile Bank sent in his resignation letter on 28th September citing personal reasons for the decision. He had joined the bank on 4 September 2022, just a year back. The bank was flying on a single engine with just one whole-time director! ....
The Central Bureau of Investigation (CBI) has booked Kapil and Dheeraj Wadhawan, former promoter of Dewan Housing Finance Ltd (DHFL), for allegedly defrauding 17 banks for Rs34,615 crore. ....
Write-offs were pretty high during the fourth quarter of FY21 comprising 55.65 per cent of total quantum of bad loans written off during the year. ....