Tamilnad Mercantile Bank gets new MD

G Narayana Moorthy has taken over as the Managing Director and Chief Executive Officer of Tamilnad Mercantile Bank Ltd.

The Reserve Bank of India has approved his appointment for a period of two years, the Tuticorin-based bank said in a statement.

Credited with long years of service with public sector banks, Moorthy has served Canara Bank for 30 years in various positions and Indian Overseas Bank for 5 years as General Manager and Chief Vigilance Officer.

Source: Chennai Online