CleanupBot II: Removed empty portal template using script

2023-08-14T19:57:25Z

Removed empty portal template using script

← Older revision		Revision as of 01:27, 15 August 2023
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	==See also==		==See also==
	~~{{Portal\|Banks}}~~
	* [[Banking in India]]		* [[Banking in India]]
	* [[List of banks in India]]		* [[List of banks in India]]

imported>AnomieBOT: Rescuing orphaned refs ("Tamil Nadu Mercantile Bank website" from rev 1009991900)

2021-07-23T11:24:25Z

Rescuing orphaned refs ("Tamil Nadu Mercantile Bank website" from rev 1009991900)

New page

{{EngvarB|date=September 2013}}
{{Use dmy dates|date=September 2013}}
{{Infobox company
| name = Tamilnad Mercantile Bank Ltd
| logo = [[File:TMB SVG Logo.svg|TMB new logo|250px]]
| type = [[Privately held company|Private]]
| industry = Banking and Financial Services
| area_served = Worldwide
| key_people = K. V. Rama Moorthy <br/>([[Managing Director|MD]] & [[Chief executive officer|CEO]])<ref name="CEO_desk">[http://www.tmb.in/about_tmb_management/read_about_the_past_and_present_management.html "Message from the CEO Desk"]. Tmb.in (18 Sep 2017).</ref>
| products = {{Bulleted_list|[[Credit card]]s|[[Retail banking|Consumer banking]]|[[Commercial bank|Corporate banking]]|[[Financial services|Finance and Insurance]]|[[Mortgage loan]]s|[[Private banking]]|[[Wealth management]]}}
| revenue = {{increase}}{{INRConvert|3992.52|c}} (2020)<ref name="BalSheet">[https://www.tmb.in/doc/P2020062501.pdf "Balance Sheet 31.03.2020"]. Tmb.in (7 June 2019).</ref>
| operating_income = {{increase}} {{INRConvert|995.05|c}} (2020)<ref name="BalSheet" />
| net_income = {{increase}} {{INRConvert|407.69|c}} (2020)<ref name="BalSheet" />
| assets = {{increase}}{{INRConvert|42758.79|c}} (2020)<ref name="BalSheet" />
| equity =
| ratio = 16.17% (2019)<ref>https://www.tmb.in/financial-performance-highlights.aspx</ref>
| foundation = {{Start date and age|df=yes|1921|05|11}}
| location = [[Thoothukudi district|Thoothukudi]], [[Tamil Nadu]], [[India]]
| num_locations = 509<ref>[http://www.tmb.in/about_computerization/find_more_about_our_computerization_efforts.html Computerization - Find More About Our Computerization Efforts : Get the Best Interest Rates on Deposits from the Best Indian Bank for NRI Deposits]. Tmb.in (11 November 2003).</ref>
| homepage = {{url|http://www.tmb.in/}}
}}

'''Tamilnad Mercantile Bank Limited''' (TMB) is a bank headquartered at [[Thoothukudi district|Thoothukudi]], [[Tamil Nadu]], [[India]]. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the [[Nadar (caste)|Nadar]] community. For the financial year 2018–2019, the bank reported a net profit of {{INR}} 2585 million.<ref name="CEO_desk" /><ref name="Financial_highlights">[http://www.tmb.in/about_financial_highlights/our_impressive_performance_and_achievements.html "Financial Highlights"]. Tmb.in</ref><ref name="Financial_result">http://www.tmb.in/press/p2015060203.pdf</ref> The bank currently has 509 full branches throughout India, 12 Regional offices and two link offices, two central processing centres, one Service Branch, four Currency Chests, 48 eLobby centres, 262 Cash Recycler Machines (Cash deposit machine) and 1135 Automated Teller Machines (ATM).<ref name="tmb.in" /><ref>[http://www.tmb.in/whats_new/read_the_latest_breaking_news.html "Whats New @ TMB"]. Tmb.in (25 August 2015).</ref> The bank has been expanding its footprint all over India.

TMB was rated as the fastest growing Private Sector Bank continuously for the five years from 2010 to 2015.<ref name="Awards" /> It was also rated as the Best Bank in the years 2013, 2014 and 2015, due to its robust growth.<ref name="Awards" /> During the years of 2018 and 2019 it did total business of 616 billion rupees.<ref name="CEO_desk" /><ref name="Financial_highlights" /> The bank's planned outlay for the financial year is to reach business worth 600 billion rupees, add an additional 24 branches, and increase its ATMs to 1150.<ref name="CEO_desk" /> The bank has won the Lokmat BFSI Best Private Sector Bank 2014-15 award.<ref name="Awards">[http://www.tmb.in/about_awards_achievements/our_ever_growing_record_of_awards_and_achievements.html "Awards & Achievements"]. Tmb.in (28 August 2015).</ref>

==History==
[[File:Tamilnad Mercantile Bank Limited old Logo.svg|120px|frameless | right | alt=Extracted from Pdf Using Inkscape | Old logo, used till 2012]]

The history of Tamilnad Mercantile Bank dates back to 1921.<ref name="tmb.in">{{Cite web |url=http://www.tmb.in/a_profile.htm |title=Knowing TMB - Answer To All Your Questions About Us : Get the Best Interest Rates on Deposits from the Best Indian Bank for NRI Deposits |publisher=Tmb.in |access-date=14 February 2012}}</ref> The idea to establish a bank for the [[Nadar(caste)|Nadar]] business community was first proposed at the annual meeting of the [[Nadar Mahajana Sangam]] held at Thoothukudi in 1920.

The bank was originally registered on 11 May 1921, as Nadar Bank Limited under the [[Companies Act|Indian Companies Act, 1913]]. M. V. Shanmugavel Nadar was elected as the first chairman on 4 November 1921. The bank was opened to the public by [[T. V. Balagurusamy Nadar]] on 11 November 1921 in Ana Mavanna Building at South Raja Street, [[Thoothukudi]].<ref name="Tamil Nadu Mercantile Bank website">{{Cite web |url=http://www.tnmbonline.com/a_profile.htm |title=Tamil Nadu Mercantile Bank website}}</ref>

In 1937, Nadar Bank opened a branch in [[Sri Lanka]], but by 1939 it had closed it.<ref>de S. Gunasekara (19620, p.184.</ref>

By 1947, the bank had only four branches: [[Thoothukudi]], [[Madurai]], [[Sivakasi]] and [[Virudhunagar]].<ref name="tmb.in" /> The bank opened its first Indian branch outside the state of Tamil Nadu in 1976 at [[Bengaluru]].

The first fully computerised branch was opened at WGC Road, Thoothukudi on 9 December 1984. The Bank launched its ATM Card on 11 November 2003.

==Technology Initiatives==
Tamilnad Mercantile Bank was the first private sector bank in India to introduce computerisation for branch-level operations. The bank adopted modernization as early in the year 1983. Today all 509 branches of the bank are networked using [[Infosys]]'s "FINACLE" Software and have achieved 100% connectivity.<ref>[http://www.thehindubusinessline.com/todays-paper/tp-others/tp-editorial-feature/the-history-of-tamilnad-mercantile-bank/article2616000.ece "The History of Tamilnad Mercantile Bank"]</ref>

RTGS/NEFT facilities in ebanking have been successfully implemented. The bank has also entered into an agreement with [[BillDesk]] (India ideas.com), CCAvenue (Avenues India), SBI ePay, Atom Technologies and [[PayU]] India for providing payment gateway services to the internet banking customers. It was the first old bank to have introduced mobile banking and providing POS machines to their Customers.

The bank has implemented a video conferencing facility to connect Head Office with various Departments and Regional offices. TMB is a member of National Financial Switch for its ATM operations.

Tie-up arrangement made with [[Western Union]] Money Transfer, [[UAE Exchange & Financial Services]]...etc. for remittances from abroad to India to facilitate quick receipt of remittances by the beneficiaries. The bank has tie-up agreement with ICICI Prudential Mutual Fund, UTI Mutual Fund, Reliance Mutual Fund, Franklin Templeton Mutual Fund, Birla Sun Life Mutual Fund, Sundaram Mutual Fund and HDFC Mutual Fund for selling their Mutual Fund Products. The bank became a Depository participant through NSDL to make available Demat facilities. TMB was the first bank in south India to offer [[ASBA]] facilities.<ref>[http://www.thehindubusinessline.in/2011/02/01/stories/2011020151862300.htm "TMB to offer ASBA facility"]</ref> It also offers off-line and online share-trading through Religare Securities. TMB entered the commodity futures market by becoming a clearing bank for NCDEX and MCX. It was one of the first banks in the banking industry to have online deposit opening through the TMB e-connect facility.

TMB has introduced "Choose Your Account Number" facility for anywhere banking account holders and introduced Missed Call Banking to check Account Balance, BSNL bill payment through branches and RuPay Debit Card.<ref name="CEO_desk" /> The Mobile application like TMB e-Passbook and TMB Locations are also introduced.

==Foreign Exchange==
The bank had achieved a turnover of Rs. 15,726 crores in foreign exchange for the year ended March 2019.<ref name="Financial_highlights" /> In terms of forex turnover, TMB ranks first among the Tamil Nadu-based private sector banks. With a view to provide enhanced facilities to the bank's customers, the bank shifted its foreign exchange department from Tuticorin to Chennai, and created an integrated Treasury and Foreign Exchange Operations Department with adequate infrastructure to handle trading in Government Securities, Bonds, Shares, foreign exchange and derivatives...etc. TMB is a member of the [[Society for Worldwide Interbank Financial Telecommunication]] (SWIFT).

==Branch sharing tie up==
TMB has tie-up arrangements with [[IDBI Bank]] (136 locations), and [[HDFC Bank]] (531 locations).<ref>[http://www.tmb.in/network_tieup_branches/get_dd_and_send_cheques_for_collection_at_these_tie_up_branches.html "Tie Up Branches"]. Tmb.in (19 August 2015).</ref>

==See also==
{{Portal|Banks}}
* [[Banking in India]]
* [[List of banks in India]]
* [[Reserve Bank of India]]
* [[Indian Financial System Code]]
* [[List of largest banks]]
* [[List of companies of India]]
* [[Make in India]]

== Citations and references ==
;Citations
{{reflist|colwidth=30em}}
;References
*de S. Gunasekera, H.A. (1962) ''From dependent currency to central banking in Ceylon; an analysis of monetary experience, 1825-1957''. (London School of Economics and Political Science, University of London).

== External links ==
* {{Official website|http://www.tmb.in}}
* [http://www.rediff.com/money/1998/feb/03nadar.htm The billion-rupee war for the Tamilnad Mercantile Bank]
* [http://www.tmb.in/network_rtgs_neft_micr_codes/know_our_rtgs_neft_micr_branch_codes.html Tamilnad Mercantile Bank IFSC Codes]

{{Banking in India}}

[[Category:Private sector banks in India]]
[[Category:Banks established in 1921]]
[[Category:Companies based in Tamil Nadu]]
[[Category:Companies based in Tuticorin]]
[[Category:Indian companies established in 1921]]

Tamilnad Mercantile Bank Limited - Revision history

CleanupBot II: Removed empty portal template using script

imported>AnomieBOT: Rescuing orphaned refs ("Tamil Nadu Mercantile Bank website" from rev 1009991900)