Tamilnad Mercantile Bank Limited (TMB.BO)
Tamilnad Mercantile Bank Limited operates in the Banks - Regional industry of the Financial Services sector, headquartered in Thoothukudi, TN, IN. The stock last traded at $843.80, down 1.61% on the session, giving a market capitalisation of $133.59B. Its beta of 0.37 implies it has historically moved less than the broad market.
Tamilnad Mercantile Bank Limited (TMB) is an Indian financial institution providing a broad spectrum of banking and financial services. Its operations are structured across three main segments: Treasury, Corporate and Wholesale Banking, and Retail Banking. The bank offers diverse account options, including savings, current, recurring, and term deposits, complemented by debit and credit cards. Customers can access various payment solutions like POS terminals, e-tax and online bill payments, and money transfer services, alongside foreign exchange and digital banking channels (internet and mobile banking). TMB also facilitates investments through demat and equity trading accounts, mutual funds, and sovereign gold bond schemes, and provides insurance products. A wide array of credit facilities is available, encompassing housing, automobile (car, two-wheeler, commercial vehicles), personal, education, and gold loans. Specialized financing solutions cater to specific needs, such as loans against property or sovereign gold bonds, rental, pension, and healthcare loans, as well as facilities for MSMEs, traders, service providers, NRIs, doctors, and particular sectors like pharma and rice/dhall mills. The bank further extends secured overdrafts, vehicle finance for educational institutions, microenterprise funding, pharma finance, and channel finance. Founded in 1921, the company was initially known as The Nadar Bank Ltd. It officially became Tamilnad Mercantile Bank Limited on November 26, 1962, and maintains its headquarters in Thoothukudi, India.
Tamilnad Mercantile Bank Limited is most often compared with the following Financial Services names: