Tamilnad Mercantile Bank MD S Krishnan resigns citing 'personal reasons'

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Managing Director of Tamilnad Mercantile Bank, S Krishnan, has resigned from his position, citing "personal reasons" just 13 months after taking charge. This comes shortly after the bank made an alleged mistake of transferring Rs 9,000 crore to a taxi driver's account in Chennai. The bank has not responded to inquiries regarding the matter.

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