The bank initially known as “The Nadar Bank Ltd.” became a Scheduled Bank under the Reserve Bank of India Act on 11th May 1935. The Nadar Bank Ltd., changed its name to the Tamilnad Mercantile Bank Ltd., on 26th Nov 1962. Ever since the bank stands pre-eminently among the galaxy of banks in the private sector depicting scientific and sound functioning.
The bank has been fortunate in having very eminent and honest men of vision and great talent as Board of Directors and Executives. The ever increasing profit figures of the bank depicts the efficiency of the management. The bank, which was opened with a small capital of Rs. 5 Lakhs, has an impeccable record of having crossed a net worth of Rs. 1000 Crores as on 31st Mar 2010 making us a strong and sound bank.
The following eminent personalities represent the Board of Directors.
|Name & Information about our Board Members|
Thiru K.V. Rama MoorthyB. Sc. (Agri), CAIIB
MD & CEO
Having 34 years of rich banking experience in Bank of Baroda in various cadres from Agri. Officer to Executive Director. He was Chief Executive, Territorial Head for GCC operation, UAE Dubai during 2011-2014. He was also associated with Shahjahanpur RRB as Chairman during June 2005 to January 2006. He was a nominated Director in Nainital Almora Kshetriya Gramin Bank (sponsor bank from Bank of Baroda) during the period from Feb 2004 to June 2004. He was Executive Director in United Bank of India for last 2 years. During his tenure he was managing, supervising, controlling and guiding the entire operations of the Bank.
Thiru S. AnnamalaiB. Tech (Chem. Engg.)
A leading businessman with close to 50 years of General Management experience in many SSI / Large Scale Industries. He was a Director in Bharat Overseas Bank Ltd. between 1987 to 1994. He is Vice Chairman of Pandian Chemicals Ltd. promoted by Metal Powder Company Ltd. and TIDCO. He is the Managing Director of Pioneer Jellice India Private Ltd. and Director in several companies. He is also the Correspondent / Secretary / Member of the Management Committee in various Educational Institutions.
Thiru S.R. AshokMBBS., D. Ortho
Hailing from business family having basic knowledge about the trade and SSI. He is a Doctor by profession, presently servicing in Thoothukudi Medical College Hospital. He served in abroad, under Ministry of Health, Kingdom of Saudi Arabia from June 2005 to May 2008 and also served as professor in Pondicherry Institute of Medical Science (PIMS) from May 2010 to October 2013.
Thiru P.C.G. Asok KumarB. Sc.
Having rich knowledge and experience in SSI unit for the past 17 years and having experience in the stock market both primary and secondary market for more than 25 years.
Tmt. S. Ezhil JothiB. Com., A.C.S.
She is a Commerce Graduate and an Associate Member of the Institute of Company Secretaries of India (ACS). At present she is a Practising Company Secretary having experience in the areas of Company Secretarial Compliance and Corporate Governance. She is also a resource person in teaching various Corporate Laws at ICSI Madurai and other Institutions.
Thiru N. GopalB. Com (Bangalore University), ICWA Intermediate, CISA, CAIIB
Additional Director, RBI Nominee
Having 35 years experience in various functions of RBI at various centres. He is having rich experience in Banking, Currency Management, Banking Supervision, Non-Banking Supervision, Department of Information Technology, Urban Cooperative Banking, Financial Inclusion and 4 years as Member of Faculty at the College of Agricultural Banking (CAB) Pune.
Thiru B.S. Keshava MurthyM. Sc., CAIIB – Part I
Over 37 years of management experience in various segments of banking. Previously "Chief General Manager" with Indian Overseas Bank, a mid-sized PSB. Served as General Manager -Corporate Credit, Chief Financial Officer (CFO) and Head-Integrated Treasury at IOB between 2008 and 2014. He was member on important committee/sub-committee relating to capital requirement of banks / infrastructure project financing & monitoring, during the subject period. He has served as additional Independent Director on the Board of a reputed public listed co. earlier.
Thiru K. NagarajanB. Sc., L. L. B.
Practising as advocate at Madras High Court since 1984 with the break of 4 years from 1988 to 1992. He is having about 30 years of experience in High Court. He is panel advocate in various Companies, Banks, Corporations, etc. He was also involve in various Agriculture activities, rural activities and associated in forming societies to get better valuation for coconuts and other agriculture products.
Thiru D.N. Nirranjan KaniMA
Over 36 years of entrepreneurship experience in various companies. Having special knowledge in SSI and marketing. He is director in VVD & Sons Pvt Ltd., manufacturing branded coconut oil. The brand is a market leader in Tamilnadu.
Tmt. A. SivagamiB. Com, ACA, ACS, CAIIB
Additional Director, RBI Nominee
Having 20 years experience in various functions of the Central bank of the country, especially competency in Banking Regulation and Supervision, RBI Balance sheet, Supervision of NBFCs. She is enriched with good knowledge and experience in finance, company law, accounts and banking matters.
Thiru B. VijayaduraiM. Com., F. C. A., DISA
Practising as a Chartered Accountant for about 19 years. Having rich knowledge and experience in Auditing, Accounting, Taxation and Finance.
|Name & Information about our Vice President|
Thiru A. ShidambaranathanB. Com., F. C. A., Grad. C. W. A.
He was a practicing Chartered Accountant for about 31 years and having rich knowledge and experience in Auditing, Accounting, Taxation and Finance. He was associated in various Board level committees, while serving as a director in our bank during the period of 2011 to 2018. He chaired the Audit Committee of the Board since 2011.
|Shri A. Shidambaranathan|
Ph.: +91 461 233 3390
|Secretarial Section and oversee the department of Accounts, Compliance and Inspection.|
|Shri R. Arumugapandi|
Ph.: +91 461 232 5411
|Shri D. Inbamani|
Ph.: +91 461 233 9146
|Recovery, CAM, Compliance, Legal, MIS, KYC & AML, Information Technology, ADC and Credit Card (Marketing).|
|Shri P. Suriaraj|
Ph.: +91 461 232 0360
|HRD, Establishment , Inspection, Integrated Treasury (IBD, Domestic Treasury & RTGS), Accounts & Returns, Operations & Service Department, Customer Service Cell, Bancassurance & DP Cell.|
The strong foundation was laid down by the Chief executives of the bank from the very beginning by their outstanding efficiency, devotional duty, able administration and profound knowledge.
In 1969, the Reserve Bank of India advised for the appointment of a whole time Chairman and Chief Executive Officer of the bank. The following persons have so far served in that post.
|Chairman||Period of Association|
|* Non Executive Part Time Chairman.|
|Thiru R. Jeyaraj||1969-1988|
|Thiru J. Kasiviswanathan||1989-1991|
|Thiru M. Jesudasan||1992-1996|
|Thiru K.N.V. Nayar||1996-1997|
|Thiru S. Krishnamurthy||1997-2002|
|Thiru R. Natarajan||2002-2004|
|Thiru S. Radhakrishnan||2004-2006|
|Thiru M.G.M. Maran *||2007-2008|
|Thiru S. Annamalai *||2017-2020|
|MD and CEO||Period of Association|
|Thiru G. Narayana Moorthy||Dec 2006 to May 2009|
|Thiru G. Nagamal Reddy||Jun 2009 to Sep 2010|
|Thiru A.K. Jagannathan||Sep 2010 to May 2012|
|Thiru K.B. Nagendra Murthy||Jul 2012 to Jul 2014|
|Thiru H.S. Upendra Kamath||Jul 2014 to May 2017|
|Thiru K.V. Rama Moorthy||Sep 2017 onwards|