Tamilnad mercantile bank Limited has announced a key senior management appointment, naming Thiru. John J Mathews as the bank's new Chief Security Officer. The appointment was communicated to stock exchanges on January 19, 2026, in compliance with SEBI listing regulations.

Appointment Details

The bank has appointed Mathews effective January 19, 2026, on a contractual basis for a period of three years. The appointment was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of changes in senior management personnel.

Professional Background

John J Mathews brings extensive military experience to his new role, having served over 37 years in the Indian Army before retiring as Major General. His distinguished career encompasses various leadership positions and specialized roles across different divisions and institutions.

His operational experience includes:

• Commanding an Armored Division
• Leading an Armored Brigade
• Commanding a mechanized infantry battalion
• Serving as Principal Staff Officer overseeing Western Borders and 13 states
• Working as Military Secretary to a Senior Officer
• Serving at Director level in Army Headquarters

Academic Qualifications and Training Roles

Mathews holds multiple academic qualifications that complement his operational experience. His educational credentials include B.Sc., B.Tech, M.Sc., and M.Phil degrees, providing him with a strong technical and academic foundation.

In addition to his operational roles, Mathews has contributed significantly to military education and training. He served as an Instructor at the National Defence Academy in Khadakvasla, performed duties as Directing Staff at Defence Services Staff College, and worked as Senior Instructor at the Army War College in Mhow.

Regulatory Compliance

The appointment notification was filed by Company Secretary and Compliance Officer Swapnil Yelgaonkar, ensuring adherence to SEBI's disclosure requirements. The bank provided comprehensive details about the appointee's background and qualifications as mandated under the listing regulations.

This strategic appointment reflects Tamilnad Mercantile Bank's commitment to strengthening its security framework with experienced leadership from the defense sector.

Tamilnad Mercantile Bank has launched a special fixed deposit scheme offering attractive interest rates to depositors, with senior citizens receiving the highest rate of 7.50% per annum for a specific 456-day tenor. The private sector bank announced these revised interest rates on January 8, 2026, creating a structured approach to deposit returns across various tenors.

Special 456-Day Deposit Scheme

The bank's flagship offering centers around the 456-day fixed deposit tenor, which provides the most competitive rates in their portfolio. This unique tenor structure differentiates the bank's offerings in the competitive deposit market.

Complete Interest Rate Structure

The bank offers a comprehensive range of deposit tenors with rates spanning from 4.00% to 7.50% based on the deposit period and customer category. The rate structure demonstrates a clear progression from short-term to optimal tenor periods.

Short-Term Deposit Options

For depositors seeking shorter commitment periods, the bank provides competitive rates across ultra-short tenors. The progression begins at 4.00% for the shortest 7-14 day deposits and gradually increases with tenor length. Notable rate improvements occur at specific thresholds, with significant jumps at the 91-day mark where rates increase to 5.80% and again at 180 days reaching 6.30%.

Long-Term Investment Structure

Deposits extending beyond the optimal 456-day period receive standardized rates regardless of the specific tenor chosen. Whether depositors select 2 years, 3 years, 5 years, or 10 years, the rates remain constant at 6.60% for regular customers and 7.10% for senior citizens. This structure provides predictability for long-term financial planning while maintaining competitive returns.

Senior Citizen Benefits

Senior citizens receive preferential treatment across most tenor categories, with the most significant advantage appearing in the 1-year and 456-day categories. The additional 0.50% benefit for senior citizens on these popular tenors represents a meaningful enhancement to their deposit returns, acknowledging their specific financial needs and loyalty to the banking relationship.