Tamilnad Mercantile Bank

Tamilnad Mercantile Bank Ltd
Company typePublic
IndustryBanking and Financial Services
Founded11 May 1921; 103 years ago (1921-05-11)
HeadquartersThoothukudi, Tamil Nadu, India
Number of locations
559[1]
Area served
Worldwide
Key people
Salee Sukumaran Nair
(MD & CEO)[2]
Products
RevenueIncrease₹4,253.40 crore (US$510 million) (2021)[3]
Increase ₹654.04 crore (US$78 million) (2021)[3]
Increase ₹995.05 crore (US$120 million) (2021)[3]
Total assetsIncrease ₹42,758.79 crore (US$5.1 billion) (2020)[3]
Capital ratio16.17% (2019)[4]
Websitewww.tmb.in

Tamilnad Mercantile Bank Limited (TMB) is an Indian bank headquartered at Thoothukudi, Tamil Nadu. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. The bank currently has 509 full branches throughout India, 12 regional offices and two link offices, two central processing centres, one service branch, four currency chests, 48 eLobby centres, 262 cash recycler machines (cash deposit machines) and 1151 automated teller machines (ATM).[5][6]

For the financial year 2018–2019, the bank reported a net profit of ₹ 2585 million.[7][8][9] The bank won the Lokmat BFSI Best Private Sector Bank 2014–15 award.[10]

  1. ^ Computerization - Find More About Our Computerization Efforts : Get the Best Interest Rates on Deposits from the Best Indian Bank for NRI Deposits Archived 4 June 2013 at the Wayback Machine. Tmb.in (11 November 2003).
  2. ^ " Archived 30 September 2017(Date mismatch) at the Wayback Machine. Tmb.in (22 Aug 2024).
  3. ^ a b c d "Tamilnad Mercantile Bank Limited IPO" https://zerodha.com .
  4. ^ "Financial-performance-highlights | Tamilnad Mercantile Bank". Archived from the original on 10 August 2020. Retrieved 3 August 2020.
  5. ^ Cite error: The named reference tmb.in was invoked but never defined (see the help page).
  6. ^ "Whats New @ TMB" Archived 3 February 2020 at the Wayback Machine. Tmb.in (25 August 2015).
  7. ^ "Message from the CEO Desk" Archived 30 September 2017 at the Wayback Machine. Tmb.in (18 Sep 2017).
  8. ^ "Financial Highlights" Archived 24 January 2020 at the Wayback Machine. Tmb.in
  9. ^ "Tamilnad Mercantile Bank Limited" (PDF). Archived (PDF) from the original on 25 March 2016. Retrieved 26 August 2015.
  10. ^ "Awards & Achievements" Archived 24 January 2020 at the Wayback Machine. Tmb.in (28 August 2015).