Tamilnad Mercantile Bank Limited has informed the Exchange about the extension of service period of the Chief Risk Officer of the Bank.
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Tamilnad Mercantile Bank's Board has approved a one-year extension for its Chief Risk Officer, Thiru. Laxman Karkala Kudva, effective August 12, 2026 to August 11, 2027. He originally joined as CRO on August 12, 2024 for a two-year term as Executive Vice President, which was set to expire on August 11, 2026. He brings about 40 years of banking experience, including 16 years in risk management, with prior stints at Corporation Bank and Union Bank of India. The extension was made in compliance with the RBI's Master Direction on Governance dated November 28, 2025.
This is a routine continuity announcement — the existing risk head is being retained, providing stability in the bank's risk management function with no disruption expected for shareholders.