RBI lifts ban on new branches of Tamilnad Mercantile Bank

​RBI had placed the ban on TMB in 2019 after the bank's shareholders decided to raise authorized share capital to Rs 500 crore. The central bank objected to the bank not raising its subscribed capital to at least half of the authorized capital as required.

from Banking/Finance-Industry-Economic Times https://ift.tt/qGegpst