Tamilnad Mercantile Bank

A 100-year-old Tamilnad Mercantile Bank reinvents itself with technology

Plagued by boardroom squabbles and financial trouble, Tamilnad Mercantile Bank was seen by some as ossified, community-based relic of the past. Now modern technology centre offers a glimpse of future

TMB eyes 14-15% growth in advances, 12-13% in deposits this fiscal, says MD

Tamilnad Mercantile Bank posts record Rs 318 crore Q2 profit and targets 14-15% loan growth in FY26, buoyed by strong asset quality and branch expansion plans

TMB joins hands with Wegofin Digital Solutions for payment aggregator biz

Tamilnad Mercantile Bank teams up with fintech Wegofin to expand digital services via Banking-as-a-Payment Aggregator, boosting MSMEs, startups and enterprises across India

Tamilnad Mercantile Bank targets completion of digital push by FY26

Private sector Tamilnad Mercantile Bank is set to complete its digital transformation programme -- commenced last year -- in a phased manner within the financial year. Last year, the Tuticorin-based bank had earmarked Rs 150 crore to implement a range of technology-driven upgrades. These include development of Oracle Human Capital Management (HCM) software, Oracle CX-Customer Relationship Management (CRM) software, Vendor Management software for centralised expense management, and paperless automation of approvals. "A sophisticated net banking platform (DEH) has been designed to enhance digital banking experiences for both retail and corporate clients. Ongoing projects such as website and mobile banking revamps are slated for phased completion within the current financial year," the bank's MD and CEO Salee S Nair told PTI. The bank was also engaged in completely revamping the internet banking and have roped in IT major Infosys for this. "I think, by December end we should also have

TMB eyes home advantage in Thoothukudi's investment wave; to tap MSMEs

Tamilnad Mercantile Bank (TMB) aims to capitalise on the investment surge in Thoothukudi, focusing on salary accounts and MSME lending to boost business growth amid a ₹1 trillion investment boom

TMB's net profit up 6% in Q1, driven by strong lending and deposit growth

Tamilnad Mercantile Bank's net profit hits a record Rs 304.9 crore in Q1FY26, driven by strong growth in core lending and deposit businesses

Tamilnad Mercantile Bank Q1 profit rises 6% to ₹305 crore in FY26

Tamilnad Mercantile Bank on Friday reported a 6.27 per cent growth in net profit to Rs 305 crore for the first quarter ended June 30. The bank had a net profit of Rs 287 crore in the June quarter of the previous (2024-25) fiscal. Total income of Tamilnad Mercantile Bank rose to Rs 1,617 crore in the June quarter of FY'26, from Rs 1,515 crore in the corresponding period of FY'25. Gross non-performing assets (NPA) improved to 1.22 per cent of loans at the end of June 2025, as against 1.44 per cent in June 2024. Shares of Tamilnad Mercantile Bank closed at Rs 455.25, down 1.10 per cent over the previous close on BSE.

K Ramachandran appointed part-time chairman of Tamilnad Mercantile Bank

TMB board appoints veteran banker K Ramachandran as Additional Director for three years and clears his name for part-time chairman, pending RBI approval

TMB to continue growing gold loan business in FY26, says MD & CEO Nair

The bank's total gold loan portfolio as of March 31 is a little over Rs 18,000 crore

Tamilnad Mercantile Bank Q4 results: Net profit up by 15% to ₹292 crore

The bank's deposits increased to Rs 53,689 crore, up from Rs 49,515 crore last fiscal

Tamilnad Mercantile Bank draws up road map for biz, tech transformation

Bank takes on board McKinsey, Deloitte and Oracle to realise goal

Tamilnad Mercantile Bank Q3 results: Net profit rises 6% to Rs 300.24 cr

Private sector Tamilnad Mercantile Bank Ltd has reported a net profit of Rs 300.24 crore for the October-December 2024 quarter, up by 6 per cent, driven by continued growth in core lending and deposit businesses, a top official said on Wednesday. The Tuticorin-based bank had registered a net profit of Rs 284.23 crore during the corresponding quarter of last financial year. The net profit for the nine month period ending December 31, 2024 went up to Rs 890.71 crore, from Rs 818.97 crore registered in the year ago period. The total income during the quarter under review went up to Rs 1,519.94 crore from Rs 1,387.13 crore registered in the year ago period. For the nine month period ending December 31, 2024 the total income grew to Rs 4,599.69 crore as against Rs 4,075.24 crore registered in the corresponding period of last financial year. "We have achieved year-on-year growth of 6 per cent in net profit in Q3FY25, driven by continued growth in our core lending and deposit businesses. W

Tamilnad Mercantile Bank Q3 results: Net profit rises 6% to Rs 300 crore

The net interest income stood at Rs 570 crore for Q3 FY25, as against Rs 537 crore in Q3 FY24, registering a growth rate of 6 per cent

We aim to modernize, improve workforce productivity: Salee Sukumaran Nair

Nair in an online interaction with Shine Jacob, outlines his vision for the Tamilnad Mercantile Bank

Tamilnad Mercantile Bank Q2 results: PAT grows 10.84% to Rs 303.18 cr

Private sector Tamilnad Mercantile Bank has reported a 10.84 per cent rise in its net profits for the July-September quarter at Rs 303.18 crore, the bank said on Tuesday. The Tuticorin-based over century-old bank had registered net profits of Rs 273.51 crore during the corresponding quarter of last year. For the six month period ending September 30, 2024 the net profits surged to Rs 590.47 crore, from Rs 534.74 crore registered in the year ago period. Total income during the quarter under review grew to Rs 1,564.88 crore, from Rs 1,365.22 crore registered in the corresponding quarter of last year. For the half year ending September 30, 2024 the total income went up to Rs 3,079.75 crore as against Rs 2,688.11 crore registered in the year ago period. In a statement, the bank said the Gross Non-Performing Assets (Gross NPA) decreased to 1.37 per cent by 33 basis points, from 1.70 per cent as on September 30, 2024 while net NPA fell to 0.46 per cent from 0.99 per cent. The Net Interes

Tamilnad Mercantile Bank Q2 results: Net profit rises 11% to Rs 303 cr

Total income grew 15 per cent to Rs 1,565 crore during the quarter under review, from Rs 1,365 crore during the July to September period last financial year

TMB bets big on MSME sector, ropes in McKinsey for strategic development

The bank in its AGM highlighted its continued focus on growth and transformation, laying out a comprehensive plan for expansion and digitalisation to drive future growth.

GNFC, ITI, ACE among 8 smallcap stocks testing long-term averages on charts

ACE is seen testing its 200-DMA after 2 years, while TMB after 5 months; rest of the smallcap stocks were consolidating around the 200-DMA for more than a month now; check bullish, bearish stocks here

TMB rallies 4% following RBI approval of Salee Sukumaran Nair as MD, CEO

Tamilnad Mercantile Bank (TMB) shares surged up to 4.35 per cent at 470.80 a piece on the BSE during intraday trading on Monday

RBI approves Salee Sukumaran Nair as MD, CEO of Tamilnad Mercantile Bank

Nair, a postgraduate in applied electronics, started his banking career in 1987