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I-T department reports violation by Tamilnad Mercantile Bank; No SFTs filed for over Rs. 2,700 crore deposits
Business                          
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Major transactions, including as interest payments totaling more than 500 crore, time deposits, cash deposits, and withdrawals from current accounts, were not reported by the bank.
By 
Avinash Ram                        
                    
 
                  
IPO for Tamilnad Mercantile Bank begins the next week
The subscription period will begin on September 5 and conclude on September 7 at a price band of Rs 500-525 apiece.
