Tamilnad Mercantile Bank Ltd.

The history of Tamilnad Mercantile Bank Ltd., the then Nadar Bank Ltd., dates back to 1921. The thought of establishing a bank under the guidance of the able Nadar business community was mooted out in the Anniversary of Nadar Mahajana Sangam held at Tuticorin in 1920. The proposal was effected soon. The bank was registered on May 11, 1921as “The Nadar Bank Ltd”.A group of dedicated men with shrewd acumen and sound integrity had been constituted as Board of Directors and they elected Shri M.V. Shanmugavel Nadar as Chairman on Nov 04, 1921. The bank was opened by Shri T.V. Balagurusamy Nadar, the then President of the Nadar Mahajana Sangam and the bank threw open its door to the public on Nov 11, 1921 at 9am in Ana Mavanna Building at South Raja Street, Tuticorin.

Bank Name Tamilnad Mercantile Bank Ltd
Stock Exchange BKK
Symbol TMB
Sector Financial Services
Industry Banks – Regional – Asia
Country India
World Region Asia
Registered Year  

Currency in INR        
  2018 2017 2016 2015
  ₹ cr ₹ cr ₹ cr ₹ cr
Total interest income 3.47 3.56 3.64
Total Interest Expenses 1.00 1.09 1.32
Net Interest income 2.47 2.48 2.32
Total Net Revenue 3.74 3.52 3.35
Earnings per share        
Basic 0.00 0.00 0.00
Diluted 0.00 0.00 0.00
Total current assets
Other assets
Total assets
Total current liabilities
Total liabilities
Total Equity
Net income        
Net cash provided by operating activities 1.86 3.62 0.15
Net cash used for investment activities 0.84 2.97 0.97
Net cash provided by financing activities 0.88 0.58 1.03
Currency in Rupees, All Numbers in Crores.