Tamilnad Mercantile Bank
Indian private-sector bank / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Tamilnad Mercantile Bank Limited?
Summarize this article for a 10 year old
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]
This article contains content that is written like an advertisement. (December 2023) |
Company type | Public |
---|---|
Industry | Banking and Financial Services |
Founded | 11 May 1921; 103 years ago (1921-05-11) |
Headquarters | Thoothukudi, Tamil Nadu, India |
Number of locations | 530[1] |
Area served | Worldwide |
Key people | S.Krishnan (MD & CEO)[2] |
Products | |
Revenue | ₹4,253.40 crore (US$530 million) (2021)[3] |
₹654.04 crore (US$82 million) (2021)[3] | |
₹995.05 crore (US$120 million) (2021)[3] | |
Total assets | ₹42,758.79 crore (US$5.4 billion) (2020)[3] |
Capital ratio | 16.17% (2019)[4] |
Website | www |
For the financial year 2018–2019, the bank reported a net profit of ₹ 2585 million.[2][7][8] The bank won the Lokmat BFSI Best Private Sector Bank 2014-15 award.[9]