Tamilnad Mercantile Bank

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• Tamilnad Mercantile Bank ("TMB"), provides personal, corporate, and non-resident Indian (NRI) banking products and services in India. The company offers personal banking products and services, including savings accounts, and fixed and recurring deposits; loan products, such as personal, home, car, two-wheeler, house rent, doctor, education, and pension loans; agriculture jewel and non-agriculture jewel loans, gold over drafts, loan against properties, and loan against sovereign gold bonds; debit and credit cards; and other services, including demat account, Internet/mobile banking, equity trading account, PoS terminals, online bill payment, e-tax payment, mutual fund, and insurance services.
• It provides corporate banking products and services, such as business accounts, such as current and super flexi current accounts; loans, including commercial vehicles, traders and service, MSME, rice mill and dhall mill, doctor, genset, and Mahalir loans; microenterprise, pharma trade finance, channel finance, vehicle finance for educational institutions, and secured overdraft; forex services; and other services, such as treasury, e-stamping, and bancassurance.
• It also offers NRI banking products and services, including NRI saving, recurring deposit, and term deposit accounts; NRI loans; money transfer services; cards; and online banking services.
• TMB was the first private Sector bank to introduce computerization operation at branch level in India and today it’s all branches are networked using FINACLE software of Infosys to achieved 100% connectivity.
  
• Bank currently has 509 full branches throughout India with 12 regional offices and 11 extension counters, 6 central processing centers, 1 service branch, 4 currency chests and 1151 ATM with a total customer base of 4.93 Mn.
• TMB was established on 11th May 1921 as Nadar Bank headquartered at Thoothkudi, Tamilnadu and M.V. Shanmugavel Nadar was elected as the first chairman on 4 November 1921.