ALFA Filings
Every announcement, straight from the exchange
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
Announcement type
Time
4 announcements with these filters
Appellate Tribunal reduced Tamilnad Mercantile Bank's FEMA penalty from ₹17 Crore to ₹3.40 Crore. The bank expects a ₹13.60 Crore refund from the Enforcement Directorate.
Tamilnad Mercantile Bank's FEMA penalty was reduced from Rs.17 Crore to Rs.3.40 Crore. The bank is eligible for a Rs.13.60 Crore refund of deposited amounts.
Tamilnad Mercantile Bank announced that the SAFEMA Appellate Tribunal dismissed an ED appeal regarding share confiscation. The ruling pertains to alleged FEMA violations with no material financial impact.
Tamilnad Mercantile Bank received a rectification order reducing its income tax demand to ₹2.93 Crore. This revision significantly lowers the bank's potential tax liability.