Tamilnad Mercantile Bank has decided to waive the processing charges on all loan applications processed at the Centralised Retail Assets Processing Centre (CRAPC) for six months up to 3 January 2016. The CRAPC, which was set up at the bank’s headquarters in Thoothukudi recently for express sanction of loans, processes applications from 12 of its branches located in and around Thoothukudi. The bank’s chief executive, H.S. Upendra Kamath, inaugurated the processing centre last week.
