About Tamilnadu Mercantile Bank
Tamilnadu Mercantile Bank Ltd. is the strongest commercial bank in India declaring consistently higher rate of dividend to its shareholders from the very beginning. The bank had declared a 6% dividend to its shareholders in 1921. The rate of dividend has been on an increasing trend. It was registered in the year 1921, as “The Nadar Bank Ltd.” Later in November 1962, the name was changed to Tamilnadu Mercantile Bank Out of 509 branches, 457 branches are located at rural, semi urban & urban (non-metro) centers. In terms of forex turnover, TMB ranks first among the Tamil Nadu-based private sector banks. TMB is a member of the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
Tamilnadu 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.