Chennai: A shocking case has come to light where Tamil Nadu Mercantile Bank (TMB) mistakenly credited a staggering amount of Rs 9,000 crore to a cab driver’s account. This unprecedented incident has sent shockwaves through the banking sector and resulted in the resignation of the bank’s Managing Director and CEO, S Krishnan, who cited personal reasons for his decision.
Resignation of S Krishnan
S Krishnan, who assumed the role of MD and CEO of Tamil Nadu Mercantile Bank in September 2022, tendered his resignation following the astonishing mishap. While he officially cited personal reasons for his departure, it is widely believed that the erroneous transfer of such an astronomical sum played a pivotal role in his decision. The bank has accepted Krishnan’s resignation and forwarded it to the Reserve Bank of India (RBI) for further processing.
The Cab Driver’s Bewilderment
The cab driver, Rajkumar, received a notification that left him dumbfounded. His mobile account had been credited with an incomprehensible amount of money. To verify the authenticity of this unexpected windfall, Rajkumar promptly transferred Rs 21,000 to a friend’s account. However, his elation was short-lived as the bank swiftly deducted the entire amount from his account, leaving him in a state of astonishment and bewilderment.
News Facts:
- Tamil Nadu Mercantile Bank mistakenly transfers Rs 9,000 crore to a cab driver’s account.
- Managing Director and CEO, S Krishnan, resigns, citing personal reasons.
- Krishnan’s resignation has been accepted by the bank and forwarded to the Reserve Bank of India.
- Cab driver Rajkumar transfers Rs 21,000 to verify the credited amount, only to have it promptly deducted by the bank.
