TMB has always been offering HIGHEST RATE of INTEREST on DEPOSITS and is also known as the BEST INDIAN BANK for NRI DEPOSITS.

Tamilnad Mercantile Bank Ltd., has to its credit, the history of 89 successful years, over which the banking industry always has an enviable admiration. The new face that Tamilnad Mercantile Bank has gained owes much to its broad view on product developments across various categories, speedy technology implementation and the successful re-skilling efforts besides greater management vision. Broad initiatives in launching innovative products, enlarging the product basket, value addition to the existing products, revamping of some of the existing products and focus on cost cutting apart from finding sustainable revenue streams ensured a new growth path for the bank.

Today, Centralized Core Banking Solution (CBS) across its network of 217 branches has enabled the bank to offer speedy collection facility, instant funds transfer facility etc., to the customers. The bank’s Anywhere Banking Scheme (AWB) has given its customers scope for instant transactions in their accounts across the branches of the bank countrywide. We have made a tie-up arrangement with IDBI Bank Ltd., to offer e-payment of taxes to all the customers of our bank in all the branches both offline and online (internet banking) mode. The bank currently has 217 branches, 11 extension counters, 150 own ATMs (94 Onsite and 56 Offsite), 2 mobile banking units spreading its wings across 11 states and 2 union territories. The bank plans to add 20 new branches in this financial year. The bank also proposes to expand its branch network in Maharashtra, Delhi and Gujarat in addition to Tamilnadu and Andhra Pradesh.

The bank has recorded Rs. 200 Billion business in 2009-10 and targets Rs. 260 Billion in financial year 2010-11. The bank has achieved a net profit of Rs. 1.85 Billion for the year 2009-10 and confident of improving it further by March 2011. The Vision 2013 of the bank is to develop the bank into a much stronger one having business volume of Rs. 500 Billion, with a Rs. 5 Billion profit by Mar 31, 2013 and a progressive modern bank in the Banking Industry. Adaptation, Innovation and Excellence in Execution will be the guiding standards in taking the Bank’s business to greater heights in the coming days.

With Best Wishes.

A.K. Jagannathan
Managing Director & CEO