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Tamilnad Mercantile Bank has started the process of finding a new Managing Director and Chief Executive in view of the incumbent K.B. Nagendramurthy’s approaching retirement in June.
Nagendramurthy, who took over the reins in July 2012, told Business Line he is not keen on seeking an extension.His predecessor A.K. Jagannathan demitted office in May 2012, before completing the two-year term, citing health reasons.
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