Tamilnad Mercantile Bank
| Company type | Public |
|---|---|
| Industry | Banking and Financial Services |
| Founded | 11 May 1921 |
| Headquarters | Thoothukudi, Tamil Nadu, India |
Number of locations | 572 (2024) |
Area served | Worldwide |
Key people | Salee Sukumaran Nair (MD & CEO) |
| Products | |
| Revenue | ₹5,492.85 crore (US$650 million) (2024) |
| ₹1,481.78 crore (US$180 million) (2024) | |
| ₹1,072.03 crore (US$130 million) (2024) | |
| Total assets | ₹97,296.61 crore (US$12 billion) (2024) |
Number of employees | 4,628 (2024) |
| Capital ratio | 29.37% (2024) |
| Website | www |
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).
For the financial year 2018–2019, the bank reported a net profit of ₹ 2585 million. The bank won the Lokmat BFSI Best Private Sector Bank 2014–15 award.