Tamilnad Mercantile Bank Ltd. (Photo: Company's official Facebook page) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Tamilnad Mercantile Bank's chief executive Salee S Nair said on Tuesday that while there is no current foreign investor interest in the bank, "nothing can be ruled out for the future," a significant statement as foreign capital increasingly targets India's mid-sized banks.

The comments from the managing director and CEO Salee come on the back of Emirates NBD's recent move to acquire a controlling stake in rival RBL Bank - a landmark deal that has put in focus India's mid-sized banks.

"No foreign interest coming in now. But nothing can be ruled out for the future," Nair told in a post-earnings conversation with NDTV Profit.

Tamilnad Mercantile Bank, a 1

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