Company Information
Tamilnad Mercantile Bank Limited (TMB)
BOARD OF DIRECTORS
Mr. S.Annamalai, (Chairman)
Mr. PCG Asok Kumar, (Director)
Mr. B.S. Keshava Murthy, (Director)
Mr. K.Nagarajan, (Director)
BACKGROUND
The history pf Tamilnad Mercantile Bank Ltd, the then Nadar Bank Ltd dated back to 1921.The thought of establishment of bank under the guideline 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, 1921 as the Nadar Bank Ltd. Became a schedule bank under the Reserve bank of India act on May 1935.The Nadar Bank, change its name to the Tamilnad Mercantile Bank Ltd as on November, 26, 1962.
Major shareholders consists of ING Bank N.V. 23.03%, Thanachart Capital PCL 20.12%, Ministry of Finance 11.79% and VAYUPAK FUND1* 9.94% (Current unit holders of Vayupak Fund 1 are Ministry of Finance and may also consist of other government units). (Dated – March 2020)
REGISTERED OFFICE
57,Victoria extension road Thoothukudi TN 628002. Te.No.+91-0461-2321382/2321929
INCORPORATION YEAR |
: 1921 |
WEBSITE |
: http://www.tmb.in |
|
|
: mdoffice@tmbank.in |
CIN NO |
: U65110TN1921PLC001908 |
ISIN NO. |
: INE668A01016 |
SECTOR |
: Bank |
FACE VALUE |
: 10 |
FINANCIAL INFORMATION FOR LAST 2 YEARS (Rupees in Crore)
PARTICULARS |
2019 |
2018 |
Equity Capital |
142.51 |
142.51 |
Reserve & Surplus |
3475.51 |
3262.28 |
Net worth |
3618.26 |
3404.79 |
Book Value Per share |
254 |
239 |
Total Income |
3638.80 |
3756.61 |
Profit |
258.58 |
221.92 |
EPS Rs. |
18.14 |
15.57 |
