Published On: Sat, May 26th, 2012

Banks in India-Tamilnad Mercantile Bank

Tamilnad Mercantile Bank Ltd.

Tamilnad Mercantile Bank Ltd.:Tamilnad Mercantile Bank Ltd. (TMB) was established in 1921, by members of Nadar Mahajana Sangam, is headquartered in Tuticorin in Tamil Nadu, India. Originally known as ‘The Nadar Bank Ltd.’, it changed its name to Tamilnad Mercantile Bank Ltd. in November 1962.

Tamilnad Mercantile Bank Ltd. provides commercial banking products and services in India. It provides deposit services and credit cards; house rent, personal, education, car, and home loans; traders, tractor, truck, and mortgage loans; IPO finance and SME credit; tax saving deposits; recurring, current, savings, and current deposit accounts; and cash certificates. It also provides bill payment, anywhere banking, mobile SMS banking, demat account, mutual fund marketing, RTGS, ECS, money transfer, and clearing services, as well as compensation and security representative policies.

Today, Tamil Nadu Mercantile Bank has 216 full fledged branches all over India, 7 Regional Offices and 11 Extension Counters, 2 Mobile Banking Branch, 6 Central Processing Centres, 2 Currency Chests and 143 Automated Teller Machines.

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