Tamilnad Mercantile Bank Ltd

Headquartered at Tuticorin of Tamil Nadu state of India, Tamilnad Mercantile Bank Ltd., is an oldest bank founded of the year 1921 as Nadar Bank Ltd. By the time India got freedom from the British rule of the year 1947, this bank had already grown faster with 4 branches at the Tuticorin, Virudhunagar, Madurai and Sivakasi.

This bank had started one overseas branch of Colombo of the year 1937 but it was closed after two years of 1939. Today’s Tamilnad Mercantile Bank Ltd., boasts of the country with 245 branches spread of various locations of the country. Additional banking services are regional offices at seven places, eleven extension counters, two special mobile banking branches and two currency chests making it full-fledged nationalized banking operation.

Tamilnad Mercantile Bank Ltd., has 215 ATMs of different locations. The bank had gone out of the state with opening a branch of Bangalore of the year 1976. It has fully computerized operation with core banking system.

This bank has tied up with IDBI Bank and HDFC Bank of 108 and 462 locations respectively for pan-India banking solution.

This bank started offering additional modern facilities to its customers by launching ATM card services from 2003. The last estimation done reported the net profit of Tamilnad Mercantile Bank Ltd., crossing 184.53 crores that state its success story.

Tamilnad Mercantile Bank Ltd Details:

IFSC Code of Banks of India