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Tamilnad
Mercantile Bank Limited
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Industry
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Banking
Financial
services
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Founded
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11
may 1921
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Headquarters
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Tuticorin,
Tamil Nadu, India
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Key
people
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M.
V. Shanmugavel Nadar
T. V. Balagurusamy Nadar |
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Website
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Tamilnad
Mercantile Bank Limited is a bank head-quartered in Tuticorin in Tamil Nadu,
India. It is colloquially referred to as TMB. It was founded by members of
Nadar Mahajana Sangam in 1921. The bank was originally registered on 11 May
1921 as Nadar Bank Limited under the Indian Companies Act, 1913.
M.V.Shanmugavel Nadar was elected as the first Chairman on 4 November 1921. The
bank was opened to the public by T.V.Balagurusamy Nadar on 11 November 1921 in
Ana Mavanna Building at South Raja Street, Tuticorin. For financial year
2009-2010, the bank reported a net profit of
184.53 crores . The bank at present has 245 branches spread all over
India.
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