Tamilnad Mercantile Bank Limited
TMB.NS
National Stock Exchange of India780.95
INR
+21.80
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Tamilnad Mercantile Bank Limited
TMB.NS
(National Stock Exchange of India)
Recent
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780.95
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div
yld
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- Business
- Tamilnad Mercantile Bank Limited (TMB.NS) operates as a private sector bank in India, providing a comprehensive range of banking and financial services through its Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments to retail, MSME, agricultural, and corporate customers primarily in South India. The bank offers savings, fixed, recurring, term deposit, and current accounts; debit and credit cards; demat and equity trading accounts; portfolio management services; POS terminals; e-tax payments; online bill payments; mutual funds; insurance; sovereign gold bond schemes; forex services; internet and mobile banking; and specialized loans including home, car, two-wheeler, personal, loan against property, pension, pharma and health care, education, gold, jewel, commercial vehicle, traders and service, MSME, rice and dhall mill, NRI, doctor, agricultural, green energy, and Mahalir loans, as well as sovereign gold bonds secured overdraft facilities and microenterprise finance. Founded in 1921 as Nadar Bank and renamed Tamilnad Mercantile Bank in 1962, it maintains headquarters in Thoothukudi, Tamil Nadu, with over 587 branches, 12 regional offices, and a nationwide network of ATMs and digital facilities across India. In recent developments, the bank continues aggressive branch expansion with new openings such as its 584th and 585th branches in Kayarambedu (Tamil Nadu) and Malleswaram (Karnataka) on June 30, 2025, and 586th and 587th in Anantapur (Andhra Pradesh) and Jalakandapuram (Tamil Nadu) on August 8, 2025, alongside plans for 40 additional branches focusing on MSME and retail growth beyond Tamil Nadu; it appointed Vincent Menachery Devassy as Executive Director on September 27, 2024, hired a global consultant to bolster MSME lending with eight dedicated hubs and further rollout, enhanced digital offerings including a new mobile banking app update, online ReKYC portal, GST payment capabilities, and auto-renewal for term deposits; and reported strong Q2 FY2026 results with 11.47% year-on-year total business growth, 10.49% advances increase, and 12.32% deposit growth as of September 30, 2025.