Tamilnad Mercantile Bank

The Tamilnad Mercantile Bank, popularly known as TMB was established on 11th Nov, 1920 in Tuticorin. Prior to this, the bank was known as the Nadar Bank Ltd. Till the year 1947; the bank had only 4 branches. Now, it has 215 branches all over India with 7 regional offices and 11 extension counters. In fact, the Tamilnad Mercantile Bank has tie ups with IDBI Bank across 108 locations and HDFC Bank across 278 locations throughout the country. The TMB was voted the best bank in India in the year 2008.

Profitability:

Initially, the Tamilnad Mercantile Bank made a Net Profit of ` 6984.00 in the year 1921. The profit amount rose up to ` 5.05 lakh in 1971 and reached ` 126.74 crore in the year 2008. This just bears a testimony to the fact that the bank has been steadily and gradually making progress. It is interesting to note that this bank has a very high reserve base with an equally high earning on each and every share.

Achievements:

The Tamilnad Mercantile Bank has a series of achievements and awards to its credit. In the Financial Year 2008-2009, the bank has received a few recognitions and appreciations. To begin with, the bank topped the list among 15 other banks in terms of performance in accordance to its Savings Bank Account in 2008. This was certified by a recognized agency of the Indian Banks Association.

Apart form this; the Tamilnad Mercantile Bank was also awarded the Dun & Bradstreet's Banking Awards for the best Indian Banks of the year 2009. The award was given for the Private sector bank in the rural category.

Products & Services:

Given below is a brief outline of the various services provided by the Tamilnad Mercantile Bank:-

• Banking facility Anywhere Anytime
• Mobile SMS Banking
• Demat A/c Services
• Processing Charges
• Bill Payment Services
• Smart Shoppers Visa Card
• India Card Credit Card
• Mutual Fund Marketing
• RTGS, ECS & NEFT Service
• W.U. Money Transfer
• NCDEX Clearing
• Citizen's Charter
• Compensation Policy
• Mobile SMS Banking
• Demat A/c Services
• Processing Charges
• Bill Payment Services

Business Performance of the Tamilnad Mercantile Bank as on 30th September, 2009:-

Key Highlights	` (in Crore)
Total Deposit	9774.45
Total Business increase	16747.97
Total Income increase	594.77 (16.61%)
Net Profit increase	68.47 (29.29%)
Priority Sector advance	3040.57 (45.61%)
Advance to Agriculture	1249.83 (18.75%)
Net worth	1000
Forex Merchant Turnover	5781
Operating Profit	265.27
Deposit	9566
Business Volume	16137

Deposit Schemes:

• Fixed Deposit
• Muthukkuvial Deposit
• Navarathnamala
• Deposit Interest Rates
• Savings Bank A/c.
• SB Premium A/c
• Classic Salary SB A/c
• Current A/c
• Janatha Savings A/c
• Cash Certificate
• Pearl Deposit
• Siranjeevee R. Deposit
• Santhosh Deposit
• Tax Saving Deposits
• TMB Double Deposit

Retail Loans offered by the TMB:

• Loan for Two Wheeler's
• Car Loan
• Personal Loan
• House Rent Loan
• Short Term Education Loan
• Doctor Loan
• Gold Over Draft
• Pensioner Loan
• IPO Finance Loan
• General Credit Card

Business Loan:

• Banana Cultivation
• SME Credit
• Channel Finance
• Genset Finance
• Loans for Rice Mill, Traders, Tractors, Mahalir and Mortgage

International Banking:

• Forex Services & Rates
• Forex Analysis
• Inward & Outward Remittances
• Facilities for students going abroad
• Credit Facility for Export

Contact Details:

Tamilnad Mercantile Bank Limited
Head Office

57, V. E. Road, Tuticorin
Tamil Nadu, India. Zip: 628 002
Phone: + 91 461 2321382 / 2321929 / 2321932
Email: bd@tnmbonline.com
ttn_tmbankhi@sancharnet.in

International Banking Division (IBD/Forex):

269/2-4 Avvaishanmugham Road
Royapettah, Chennai,
Tamil Nadu
Zip: 600 004
Phone: + 91 44 2813 1028 / 2813 1029
Email: ibd@tnmbonline.com
All India Toll Free No: 18004250426.

>> More Banks in India