History Of Tamilnad Mercantile Bank

Hii sir, I Wants to get the History of the Tamilnad Mercantile Bank Will you please provide It ?

[Rajkumar Agarwal]

About the Tamilnad Mercantile Bank Limited

Tamilnad Mercantile Bank Limited (TMB) (Tamil) is a bank headquartered at Tuticorin, Tamil Nadu, India. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community.


History of the Tamilnad Mercantile Bank Limited

The history of Tamilnad Mercantile Bank dates back to 1921.

The idea to establish a bank for the Nadar business community was first proposed at the annual meeting of the Nadar Mahajana Sangam held at Tuticorin in 1920.

The bank was originally registered on 11 May 1921 as Nadar Bank Limited under the Indian Companies Act, 1913. M.V.Shanmugavel Nadar was elected as the first chairman on 4 November 192

By 1947 the bank had only four branches: Tuticorin, Madurai, Sivakasi and Virudhunagar.[

The bank opened its first Indian branch outside the state of Tamil Nadu in 1976 at Bangalore.

The first fully computerised branch was opened at WGC Road, Tuticorin on 9 December 1984. The Bank launched its ATM Card on 11 November 2003.

Contact Details :

Tamilnad Mercantile Bank Limited
(A Scheduled Commercial Bank & Authorized Dealers in Foreign Exchange)
57, V.E. Road, Tuticorin, Tamilnadu, India. Zip: 628 002.
Phone: +91 (461) 232 1382 / 232 1929 / 232 1932.