Wednesday, 16 May 2012

Tamilnad Mercantile Bank Limited

  Unknown       Wednesday, 16 May 2012

Tamilnad Mercantile Bank Limited
Financial services
11 may 1921
Tuticorin, Tamil Nadu, India
Key people
M. V. Shanmugavel Nadar
T. V. Balagurusamy Nadar
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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