India's Tamilnad Mercantile Bank up on being appointed RBI agency bank

Tamilnad Mercantile Bank

01/12/2022 04:03

** Shares of Tamilnad Mercantile Bank Ltd  TAMI.NS  rise as
much as 3.4% to 527 rupees, their highest levels since Oct 27
    ** Stock on course to gain for a second session straight
    ** TAMI and RBI signed agreement for appointing the private
lender as an agency bank for undertaking government agency
business  urn:newsml:reuters.com:*:nFWN32Q137
    ** More than 50,000 shares traded by 9:20 a.m. IST, 0.5x
times their 30-day moving avg of more than 100,000 shares
    ** Stock had risen 0.05% since its listing on Sept. 15
 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com;Mobile: +91 6001289066))