Tamilnad Mercantile Bank Extends Chief Risk Officer's Tenure
Tamilnad Mercantile Bank Limited announced the extension of the service period for its Chief Risk Officer, Thiru. Laxman Karkala Kudva, for an additional year. The Board of Directors approved the extension at a meeting held on March 24, 2026, with the new term effective August 12, 2026, and concluding August 11, 2027.Thiru. Kudva initially joined the bank on August 12, 2024, as Chief Risk Officer and Executive Vice President for a two-year term, set to expire on August 11, 2026.
According to information released, Thiru. Kudva holds a Bachelor of Science degree and is a Certified Associate of the Indian Institute of Banking and Finance (CAIIB). He previously worked at Corporation Bank and Union Bank of India, bringing approximately 14 years of executive-level experience and 16 years in risk management to his role.
The extension is in compliance with a Reserve Bank of India Master Direction issued on November 28, 2025.
Details of the Extension:
| S.No. | Particulars | Description |
|---|---|---|
| 1 | Reason for Change | Thiru. Kudva's current tenure expires on August 11, 2026, prompting the board to approve a one-year extension. |
| 2 | Term of Appointment | August 12, 2026 to August 11, 2027 |
| 3 | Brief Profile | Holds a Bachelor’s degree in Science (B.Sc.). Certified Associate of the Indian Institute of Banking and Finance (CAIIB). Previously employed by Corporation Bank and Union Bank of India with 40 years of banking experience including 14 years in executive cadre and 16 years in Risk Management. |
| 4 | Disclosure of Relationships | Not Applicable |
The board meeting commenced at 10:30 a.m. IST and concluded at 07:20 p.m. IST.
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