MUMBAI: (Feb 11) Tamilnad Mercantile Bank will repurpose more than half its staff towards sales as it shifts focus from maintaining its long-standing customer relationships to increasing revenues, a top official said.
This will be done through the technology-led investments which lead to automation benefits in a lot of repeat jobs, its Managing Director and Chief Executive Salee S Nair told PTI, underlining that there will not be any layoffs.
Overall employee count is expected to rise by over 200 from the current strength of 5,000, said Nair, a career SBI banker who joined the south-based lender in August 2024.
Source: PTI News
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