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623.65002 INR
17.05
2.81%
Last update Apr 2, 3:29 PM IST
Market closed
Day range
597.65002
627
Previous close
606.59998
Open
605
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Tamilnad Mercantile Bank Limited
623.65
17.05
2.81%

Overview

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Description

Tamilnad Mercantile Bank Limited is a prominent banking institution operating primarily in India. It serves as a comprehensive financial service provider, offering a wide array of banking products and services to individuals, small and medium-sized enterprises (SMEs), and corporate entities. Established in 1921, the bank has a storied legacy and remains headquartered in Tuticorin, Tamil Nadu. The primary function of Tamilnad Mercantile Bank Limited is to facilitate deposit schemes, loans, and other financial services that foster economic growth and support the financial well-being of its customers. It offers solutions such as savings accounts, fixed deposits, personal and business loans, and various digital banking options. An essential player in India's banking sector, the bank impacts numerous sectors through its extensive lending operations, including agriculture, retail trade, and manufacturing. Tamilnad Mercantile Bank Limited is noteworthy for its emphasis on customer-centric services, leveraging technology to enhance banking experiences. Its commitment to financial inclusion and support for local industries underscores its significant role in the regional economy, making it a pivotal entity within India’s financial ecosystem.

About

CEO
Mr. Salee Sukumaran Nair
Employees
4721
Address
57, Victoria Extension Road
Thoothukudi, 628002
Phone
91 46 1232 5136
Website
Instrument type
Common stock
Sector
Financial Services
Industry
Banks - Regional
Country
India
MIC code
XNSE
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