Tamilnad Mercantile Bank Limited (TMB) is a bank headquartered at
Thoothukudi, Tamil Nadu, India. 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. For the
financial year 2018–2019, the bank reported a net profit of ₹ 2585
million.
The bank currently has 509 full branches throughout India, 12
Regional offices and eleven Extension Counters, six central
processing centres, one Service Branch, four Currency Chests, 19
e-Lobby centres and 1094 Automated Teller Machines (ATM).The bank
has been expanding its footprint all over India. TMB was rated as
the fastest growing Private Sector Bank continuously for the five
years from 2010 to 2015.
It was also rated as the Best Bank in the years 2013, 2014 and 2015,
due to its robust growth. During the years of 2018 and 2019 it did
total business of 616 billion rupees.
The bank's planned outlay for the financial year is to reach
business worth 600 billion rupees, add an additional 24 branches,
and increase its ATMs to 1150.The bank has won the Lokmat BFSI Best
Private Sector Bank 2014-15 award.