835.80
+1.02%
Close of 9 Nov 2026, in INR
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About Tamilnad Mercantile Bank
Its shares trade on NSE under the ticker TMB.NS. It has been listed since 15 September 2022. In the fiscal year to 31 March 2026, it reported net income of ₹13.38bn. At that date it held total assets of ₹753.00bn and shareholders' equity of ₹101.10bn.
Tamilnad Mercantile Bank Ltd. engages in the provision of banking services. The company is headquartered in Thoothukudi, Tamil Nadu. The company went IPO on 2022-09-15. The Bank is engaged in providing a wide range of banking and financial services involving retail, corporate banking and para-banking activities, in addition to treasury and foreign exchange business. Its segments include Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations. The company offers banking products and services to retail, micro, small and medium enterprises (MSME), agricultural and corporate customers. The Banks's retail asset products include home loans, personal loans, auto loans, educational loans, business loans as well as security-backed loans of various types to its retail customers. For corporate customers, it offers various loans to corporates, in textiles and other industries, with its assortment of banking products and services including working capital, term financial, trade financial, foreign exchange business funding in domestic and foreign currencies.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 15 Sept 2022
- Employees
- 4,505
- Website
- tmb.in ↗
Leadership
Pay as last reported
- Shri. Salee NairChief Executive Officer, Managing Director
- Shri. Sanjoy GoelChief Financial Officer
- Shri. Swapnil YelgaonkarCompliance Officer, Company Secretary
- Shri. K. Laxman KudvaChief Risk Officer
- Mr. Vincent DevassyWhole Time Director, since 2024
- Thiru S. Balasubramanian ..Data Protection Officer
- Thiru John MathewsChief Security Officer
- Mr. C. S. Ram KumarAdditional Director
- Shri. Thomas MathewAdditional Director
- Thiru Visvanathan SrinivasanAdditional Director
- Mr. Niranjan ANon-Executive Director₹1.4m
- Mr. S. R. AshokNon-Executive Director₹1.9m
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Tamilnad Mercantile Bank Ltd employs 4505 employees in Thoothukudi, India.
- The Bank offers retail loans including home, auto, and education loans to customers.
- Corporate customers benefit from textile industry-focused loans and trade finance services.
Weaknesses
- The Bank's IPO listing date is 15 September 2022, which is recent.
- The company's headquarters is in Thoothukudi, a smaller city in Tamil Nadu.
- The Bank's business segments are limited to Treasury, Corporate, Retail, and Other Banking Operations.
Opportunities
- The Bank can expand its MSME lending in the textile industry across Tamil Nadu.
- Tamilnad Mercantile Bank Ltd. can grow its foreign exchange business in domestic and foreign currencies.
- The Bank's retail asset products can target more micro and small enterprise customers.
Threats
- The Bank faces competition from larger banks in the Financials sector in India.
- The Bank's reliance on the textile industry may pose risks if the sector declines.
- The Bank's recent IPO in 2022 may lead to increased scrutiny from investors.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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