Tamilnad Mercantile Bank Ltd has transitioned to a new email domain, @tmb.bank.in, replacing the previous @tmbank.in address in compliance with RBI guidelines. The bank confirmed that the old email domain will remain active for a period of 30 days to ensure continuity in receiving emails. This change impacts the bank's official communication channels with stakeholders and regulatory bodies.

The transition follows Regulation 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank informed the National Stock Exchange of India Limited and BSE Limited about the update to ensure records are updated accordingly. The new domain aligns with revised operational standards mandated by the central bank.

Email Domain Transition Details

The following table outlines the specific changes to the bank's email addresses:

The notification, signed by Swapnil Yelgaonkar, Company Secretary & Compliance Officer, was dispatched on July 21, 2026. Stakeholders are advised to update their contact lists to reflect the new domain while the old domain remains temporarily functional.

Tamilnad Mercantile Bank has secured a significant reduction in the penalty imposed by the Directorate of Enforcement, with the Appellate Tribunal under SAFEMA lowering the amount from ₹17.00 crore to ₹3.40 crore. The tribunal passed the order on July 9, 2026, and the bank received the communication on July 16, 2026. This decision concludes the appeal preferred by the bank and its then Directors and Company Secretaries against the adjudication order dated August 14, 2020, which arose from a Show Cause Notice issued in December 2014 regarding alleged contraventions of FEMA Regulations in recording the transfer of shares.

The reduction in penalty has a direct positive financial implication as the bank had already deposited the full ₹17.00 crore with the Directorate of Enforcement at the time of filing the appeal. Consequently, the excess amount of ₹13.60 crore is now liable to be refunded to the bank. The penalty imposed on the then Directors and Company Secretaries has also been reduced substantially, though specific figures for individuals were not disclosed.

Details of the Order

The bank stated that it is examining the order issued by the Appellate Tribunal and will take appropriate steps in due course if necessary. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.