Company Information
Tamilnad Mercantile Bank Limited (TMB) Unlisted Shares
Board of Directors
Director |
: Mr. S. Annamalai |
Director |
: Mr. PCG Asok Kumar |
Director |
: Mr. B. S. Keshava Murthy |
Director |
: Mr. K. Nagarajan |
Background
The history of Tamilnad Mercantile Bank Ltd, the then Nadar Bank Ltd dated back to 1921. The thought of establishment 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.
Company Highlights
1) Tamilnad Mercantile Bank has a long and glorious history of successful banking encompassing more than 99 years, with strong fundamentals and a track record of consistent profit making in the business.
2) TMB has been consistently paying higher dividend rates to its shareholders since its inception.
3) The company intends to raise approximately Rs 1,000 Crore through an Initial Public Offering (IPO).
4) TMB has a pan-India presence with 509 branches and 12 Regional Offices spread across 16 states and four union territories, servicing over 4.50 million happy customers. There are 1132 ATMs, 47 e-lobbies, and 260 Cash Recycler Machines in the bank.
5) From 407.69 Crore in 2020 to 603.33 Crore in
2021, the company's net profit increased by 48 percent.
Registered Address
57, Victoria extension road Thoothukudi, Tn 628002, Tel. No.: +91-0461-2321382/2321929.
Incorporation Year
|
: 1921 |
Website
|
:www.tmb.in |
Email
|
: mdoffice@tmbank.in |
CIN No. |
: U65110TN1921PLC001908 |
ISIN No. |
: INE668A01016 |
Sector
|
: Bank |
Face Value
|
: 10 |
Financial Information For Last 4 Years (Rupees in Crore)
Particulars |
2021 |
2020 |
2019 |
2018 |
Equity Capital |
142.51 |
142.51 |
142.51 |
142.51 |
Reserves & Surplus |
4437.47 |
3837.13 |
3475.74 |
3262.28 |
Net worth |
4579.98 |
3979.38 |
3618.26 |
3404.79 |
Book Value Per Share Rs. |
321.37 |
279.23 |
254.00 |
239.00 |
Total Income |
4253.40 |
3992.52 |
3638.80 |
3756.61 |
Profit |
603.32 |
407.69 |
258.58 |
221.92 |
EPS Rs. |
42.34 |
28.61 |
18.14 |
15.57 |
Dividend Per Share Rs. |
5 |
3.85 |
3.20 |
3.20 |
Annual Reports of Tamilnad Mercantile Bank Limited Unlisted Shares
Tamilnad Mercantile Bank Limited Annual Report 2021
Tamilnad Mercantile Bank Limited Annual Report 2020
