Tamilnad Mercantile settling all disputes, keen on opening branches: CEO

Lender waiting for RBI to ease restrictions, says K V Rama Moorthy about his expansion plans

Tamilnad Mercantile Bank (TMB), the 100-year-old lender preparing for an initial public offering (IPO) of Rs 830 crore, plans to expand as it waits for the Reserve Bank of India to lift restrictions on it setting up new branches. K V Rama Moorthy, TMB’s managing director and chief executive officer, spoke to Shine Jacob talks about branch expansion, IPO and focus on RAM (retail, agri and MSME) portfolio.

Edited excerpts from an interview.

What will be the major changes that the IPO will bring to the TMB table?

This initial public offering (IPO) is not going to make any huge