PrivatesectorlenderTamilnadMercantileBankTMBhasbeenauthorisedbytheReserveBankofIndiatoundertakegovernmentbusinessonbehalfofthebankingregulatorAnagreementinthisconnectionwassignedbythebankwithRBIinMumbaiforappointingTMBasanagencybankofRBItoundertakegovernmentagencybusiness