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Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs).
TMBank updated its website domain to www.tmb.bank.in from www.tmb.in. This operational change, reflecting its identity & business scope, includes automatic redirection from the old site.
Tamilnad Mercantile Bank (TMB) has received crucial RBI approval for Shri K. Ramachandran's appointment as its Non-Executive (Part-Time) Chairman. This significant development solidifies the bank's top governance structure. His tenure is approved until June 2028, and he will receive a fixed annual remuneration of Rs. 0.18 Cr, in addition to...
Tamilnad Mercantile Bank is expanding its reach by opening two new branches. These strategic additions will be located in Anantapur, Andhra Pradesh, and Jalakandapuram, Tamil Nadu. This move strengthens the bank's operational footprint, aiming to enhance customer access and potentially drive future deposit and credit growth in these key regions.
Tamilnad Mercantile Bank (TMB) has reached a significant business milestone, crossing Rs. 1,00,000 Cr in total business. This achievement reflects the bank's expanding operational scale and growth trajectory. Management acknowledged the crucial role of stakeholders, customers, and employees in fostering this mutual growth. This development signals strong business momentum and...
Tamilnad Mercantile Bank (TMB) has secured in-principle listing approval from stock exchanges for up to 15.83 lakh new equity shares. These shares are slated for issuance under the TMB Employee Stock Option Plan 2024. This move facilitates employee incentives, aligning staff interests with company performance. For investors, it indicates a...