Full Form of TMB : Tamilnad Mercantile Bank Limited

What is the full form of TMB?

No:1. The full form of TMB is Tamilnad Mercantile Bank Limited.
No:2. With its head office in Thoothukudi, Tamil Nadu, India, TMB is a bank.
No:3. In 1921, TMB was founded as Nadar Bank, but it was renamed Tamilnad Mercantile Bank in November 1962 to extend its presence far beyond the Nadar community.
No:4. With IDBI Bank in 136 locations, & HDFC Bank in 531 locations TMB has tie-up agreements.

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Some important points abut TMB

No:1. For 2018 to 2019 financial year, the bank posted a net profit of approximately 2585 million.
No:2. At present, the bank has 509 complete subsidiaries across India, Twelve regional offices & eleven extension counters, six central processing facilities, one service branch, four currency chests, nineteen e-Lobby centres & 1094 ATM.
No:3. All across India, the bank has expanded its presence.
No:4. In the period years from 2010 to 2015, TMB was ranked as the largest growing Private Sector Bank.
No:5. In the years 2013, 2014 and 2015, because of its rapid growth, it also was rate as the best bank.
No:6. It did a total company of 616 billion rupees during the years of 2018 – 2019.
No:7. The expected outlay of the bank for the financial year is to touch 600 billion rupees worth of revenue, create an additional twenty-four branches, and raise its ATMs to 1150.
No:8. The Lokmat BFSI Best Private Sector Bank 2014-15 award has been won by the bank.

A Brief History of TMB

No:1. TMB ‘s structure dates all the way back to 1921.
No:2. At the annual general meeting of the Nadar Mahajana Sangam, conducted in Thoothukudi in 1920, the concept of making a bank for the Nadar business sector was first suggested.
No:3. AMM Sinnamani Nadar took the lead in 1921 and played a key role in the bank’s development.
No:4. In addition, AMM Sinnamani Nadar took the initiative to recognize other TMB founders.
No:5. Under the Indian Companies Act, 1913, the company was initially licensed as Nadar Bank Limited on 11 May 1921.
No:6. On 4 November 1921, M.V.Shanmugavel Nadar was appoint as the very first chairman.
No:7. On 11 November 1921, T.V.Balagurusamy Nadar introduced the bank to the public in the Ana Mavanna Building on South Raja Street, Thoothukudi.
No:8. Nadar Bank opened its first bank branch in Sri Lanka in 1937, but it shut in 1939.
No:9. By 1947, the bank had only four branches that are at Madurai, Thoothukudi, Sivakasi & Virudhunagar.
No:10. In 1976, the bank started its first branch in Bengaluru, outside Tamil Nadu State.
No:11. On 9 December 1984, the first completely computerize subsidiaries were start at WGC Lane, Thoothukudi.
No:12. On 11 November 2003, the bank introduced its ATM card.

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