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The former Chairman and Managing Director of Vijaya Bank, H S Upendra Kamath, has taken over the reigns of Thoothukudi-headquartered Tamilnad Mercantile Bank Ltd (TMB), as its Managing Director and Chief Executive.
He succeeds K B Nagendra Murthy, who retired from service on July 2.
Kamath has indicated his intention of making TMB a pan-India bank within a set time-frame, foray into mid-corporate and large corporate funding in a phased manner and the need to leverage IT for business growth and effective risk management.
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