Knowing TMB

answer to all your questions about us

Genesis & Growth:

History of TMB Bank

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 11th May 1921 as “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 04th Nov 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 with the opening of its first branch on 11th Nov 1921 at 9am in Ana Mavanna Building at South Raja Street, Tuticorin.

Customer Service

Tamilnad Mercantile Bank Ltd., focused its attention on the customers from the very beginning and the bank is known for its personalized service. The team of management and staff members of the bank are having the practice of meeting people from various walks of life and hear their requirements on a regular basis.

Pan India Network

Pan India Network

The bank was having only 4 branches until the year 1947 at Tuticorin, Madurai, Sivakasi and Virudhunagar. The bank had also a branch at Colombo in the year 1937 and the same was closed in the year 1939. The bank has now 509 full fledged branches all over India, 12 Regional Offices, 11 Extension Counters, 6 Central Processing Centres, 1 Service Branch, 4 Currency Chests and 1151 Automated Teller Machines. All the 509 branches are computerised and interconnected. The first branch outside the State of Tamilnadu was opened in the year 1976 at Bangalore. The first fully computerized branch was opened at WGC Road, Tuticorin on 09th Dec 1984. The bank had established its first currency chest in 1993 at Madurai & has industrial finance branches at Coimbatore, Chennai and Secunderabad. The Bank has launched ATM Card from 11th Nov 2003. Our Branch Network Map is here.

Branch Sharing Tie Up

Now, You can purchase Demand Drafts on 667 additional locations through out the country in addition to 509 TMB Branches. Our tie-up arrangements with HDFC Bank (531 locations) and IDBI Bank (136 locations) gives an effective branch network of 1176. In all these locations you can send your cheques for collection too. All at no extra cost!

Serving the Rural

The bank has had a vision of extending banking service to common people of rural areas, hitherto neglected, with all humility. The bank dotted more and more non-metro centers with its branches thereby extending its service area in range, variety and magnitude. Out of 509 branches, 457 branches are located at rural, semi urban & urban (non-metro) centers.

Growth of Deposits

Augmenting the deposit base is the vital objective of the banks. The bank had introduced novel deposit schemes and continued its efforts towards deposit mobilization and succeeded. The bank which had a deposit base of Rs. 21,010.00 in the year 1921 increased it to Rs. 27 Lakhs during 1946 and to Rs. 182 Lakhs during 1971. Deposit level of the bank as on 31st Mar 2017 is Rs. 32,190 Crores, which pronounces the confidence of the public reposed on the bank.

Growth of Advances

Growth of Advances

Tamilnad Mercantile Bank Ltd., concentrated its efforts to meet the genuine requirements of various sectors of the economy and advanced to the needy sectors of the society. The bank has taken it as a challenge to participate in various Government sponsored schemes and extended its support in uplifting the downtrodden in the society. The bank has taken up, the assistance to various industrial and export sectors, as a thrust area and granted loans to the needy clients. The level of advances which stood at Rs. 52 Lakhs in the year 1962 has spurted to above Rs. 10,871 Crores now. The bank has a sound portfolio of advances consisting a wide basket of retail finance. The bank as a matter of policy grants advances to retail segments consisting of retail traders and business enterprises.


The bank, which had a Net Profit of Rs. 6,984.00 in the year 1921 had spurted its profit to Rs. 5.05 Lakhs in the year 1971 and Rs. 316.66 Crores for the year ended March 2017. The high level of profit earned by the bank enabled to build up and sustain the high level of reserve base. The Profitability trend continues this year also.

Tamilnad Mercantile Bank Ltd., is one of the very few banks having very high reserve base and its earnings per share remains the highest.

Profit to Share Holders

Tamilnad Mercantile Bank Ltd., is the only bank in India declaring consistently higher rate of dividend to its shareholders from the very beginning. The bank had declared 6% dividend to its shareholders in 1921. The rate of dividend has been on increasing trend. The Bank declared a dividend of 1000% for each of the financial year ended on 31st Mar 2006 and 31st Mar 2007. The dividend proposed by the Board of Directors for the financial year ended 31st Mar 2008 was 5000%. Further an interim dividend of 9000% was also proposed in Oct 2011.

Dedicated Work Force

Dedicated Work Force

Tamilnad Mercantile Bank Ltd., is very fortunate in having dedicated employees at all levels who have been energetic and working with untiring zeal for the good growth and prosperity of the institution for the past 100 years. The name and fame of the bank are in a large measure, due to the efficient and diligent service of the highly loyal staff members and officers. This has enabled the Bank to adopt the official motto “Totally Motivated Bank”.