Tamilnad Mercantile Bank Government Bank

Hi I would like to have the information about the origin of the Tamilnad Mercantile Bank as well as the history and the branch network?

[pawan]

The historical backdrop of Tamilnad Mercantile Bank Ltd., the then Nadar Bank Ltd., goes back to 1921. The considered building up a bank under the direction of the capable Nadar business group was mooted out in the Anniversary of Nadar Mahajana Sangam held at Tuticorin in 1920. The proposition was affected soon. The bank was enlisted on May 11, 1921 as "The Nadar Bank Ltd".

The Bank turned into a Scheduled Bank under the Reserve Bank of India Act on 11.05.1935. The Nadar Bank Ltd., had changed its name and accepted its present name TAMILNAD MERCANTILE BANK LTD., on the 26th November 1962.

In 1969, the Reserve Bank of India educated for the meeting with respect to entire time Chairman of the Bank. The accompanying people served in that post.

Chairman
Shri R.Jeyaraj 1969-1988, Shri J.Kasiviswanathan 1989-1991, Shri M.Jesudasan1992-1996 (May), Shri K.N.V.Nayar 1996-1997 (July), Shri S.Krishnamurthy 1997-2002 (September), Shri R.Natarajan 2002-2004(September), Shri S.Radhakrishnan 2004 –2006 (November)

Managing Director and Chief Executive Officer
Shri G.Narayana Moorthy 2006 (Dec) – 2009 (May)
Shri G.Nagamal Reddy June 2009 -- 23.09.2010

Present Managing Director and Chief Executive Officer
Shri A.K.Jagannathan since 23.09.2010

Branch Network

The Bank was having just 4 branches in the year 1947 at Tuticorin, Madurai, Sivakasi and Virudhunagar. The Bank likewise had a branch at Colombo in the year 1933 and was shut in the year 1939 because of misfortunes brought about. The principal branch outside the State of Tamilnadu was opened in the year 1976 at Bangalore. The main completely modernized branch was opened at Tuticorin on 09.12.1984. The bank has now 250 undeniable branches all over India, 250 ATMs, 7 Regional Offices and 11 Extension Counters. The bank built up its first Currency Chest at Madurai in 1993 and another Currency Chest at Chennai amid 2001. The Bank had spread its wings in 11 States and three Union Territories.