Tamilnad Mercantile Bank Limited Unlisted Shares
Tamilnad Mercantile Bank overview:
Under the guidance of the Nadar Business Community, the Nadar Bank was established in 1921. The name of the bank was changed to Tamilnad Mercantile Bank in 1962, with an aim to widen its appeal beyond the Nadar community. For five years, from 2010 to 2015, TMB was the fastest-growing private sector bank.
The first private sector bank in India to introduce computerization for branch-level operations, the TMB adopted modernizations in 1983. Today, all the 509 branches of the bank are networked through the Infosys FINACLE Software and have 100% connectivity.
The bank has tie-up with ICICI Prudential Mutual Fund, UTI Mutual Fund, Reliance Mutual Fund, Franklin Templeton Mutual Fund, Birla Sun Life Mutual Fund, Sundaram Mutual Fund and HDFC Mutual Fund for selling their Mutual Fund Products. The bank became a Depository participant through NSDL to make available Demat facilities.
As of now, the bank has 509 branches spread across India, along with 12 regional offices, 11 extension counters, 6 central processing centres, 1 service branch, 4 currency chests, and 1151 ATMs. AS of 31st March 2019, the deposit amount with the bank was at 35,136 crores.
The bank has tie-up with HDFC Bank and IDBI Bank for collection services.
Initiatives taken by the company during the year 2018-19 include Inauguration of two link offices at Delhi and Vijayawada, Dedicated MSME processing center at Surat, Specialized NRI desk at Mumbai, 11 Jewel Loan shops in rural areas, the launch of TMB Multi-currency travel card, International Rupay debit card and Contactless debit cards.
Board of directors of the company:
Past performance of the company:
(All figures INR in crores except specifically mentioned)
Shareholding pattern of Top 10 shareholders of the company as on 31.03.2019 is as under:
Annual Reports for the last 2 years are as under
Tamilnad Mercantile Bank Limited Unlisted Shares Details:
- The bank has been continuously increasing its branch network and is also able to generate high quantum of deposits.
- The bank has been a leader in various technological advancement in the industry which is providing an edge to them over competitors and has benefitted the Tamilnad mercantile bank share value
- The bank has been improving its Current and Savings Account (CASA) deposit ratio resulting in improved Net Interest Margin.
- The bank is expected to deliver decent CAGR returns to the esteemed Tamilnad Mercantile bank shareholders.
Frequently Asked Questions (FAQs) on Tamilnad mercantile bank unlisted shares:
1.How to buy Tamilnad mercantile bank unlisted shares?
Step by Step process to buy Tamilnad mercantile bank unlisted shares as per the best share price is as under:
Step 1: A deal is proposed between unlisteddeal and buyer either on WhatsApp or over email.
Step 2: Buyer provides their client master copy for transfer of shares, PAN card copy, Aadhar card copy and cancelled cheque. The deal gets confirmed once documents provided are in order.
Step 3: Buyer transfers deal amount to bank account details provided by us and provide us with remitter name, bank account number, bank name and UTR no. for the amount transferred to us.
Step 4:We shall transfer shares to buyer account on the same day of receipt of funds and raise contract note.
See the Infographic flow to buy the shares
2.How to sell Tamilnad mercantile bank unlisted shares?
Step by step process to sell Tamilnad mercantile bank unlisted shares is as under:
Step 1: A deal is proposed between unlisteddeal and seller either on WhatsApp or over email.
Step 2: Seller provides their client master copy, PAN card copy, Aadhar card copy, delivery instruction slip (DIS) copy and cancelled cheque copy. The deal gets confirmed once documents provided are in order.
Step 3: Seller transfer shares to details provided to them by us.
Step 4: We shall make payment to the seller on the same day of receipt of shares.
See the Infographic flow to sell the shares
Latest news for the company: