Tuticorin, a small port town 540 km south-west of Chennai, has been in the eye of a storm. Two factions of the Nadar community, the Nadar Mahajana Sangam and the second group headed by B Ramachandra Adityan, former executive director, have been fighting over the 88-year old TMB for nearly a decade now.
A new angle was added to the conflict last year with a handful of foreign investors picking up nearly 25 per cent stake in the bank. The Madras High Court is yet to give its verdict on these investors' voting rights.
TMB reported business worth Rs 13,100 crore and a profit of Rs 125 crore in
2007-08. The local Nadar community in Tuticorin is confused by recent events and surprised by the attention given to
