Cab driver’s account received a transfer of nine thousand crores from the bank.

Tamil Nadu Mercantile Bank mistakenly transfers Rs 9,000 crore to cab driver’s account

Chennai ★A case of Tamil Nadu Mercantile Bank (TMB) mistakenly sending Rs 9,000 crore to a cab driver’s account has come to light. This incident has led to the resignation of the bank’s Managing Director and CEO, S Krishnan. Krishnan cited personal reasons for his resignation.

Resignation of S Krishnan

S Krishnan, who had taken over as the MD and CEO of Tamil Nadu Mercantile Bank in September 2022, resigned from his position after the incident. Although he cited personal reasons for his resignation, it is believed that the mistaken transfer of such a large amount played a significant role in his decision. The bank accepted his resignation and has forwarded it to the Reserve Bank of India.

The cab driver’s surprise

Rajkumar, a cab driver, was shocked when he received a message stating that a massive amount had been credited to his mobile account. To verify the authenticity of the message, he transferred Rs 21,000 to a friend’s account. However, within minutes, the bank deducted the remaining amount from his account, leaving him astonished and confused.