IPO Review: Tamilnad Mercantile Bank Ltd
Moneylife Digital Team 02 September 2022
Tamilnad Mercantile Bank Ltd (TMB) is an old private sector bank headquartered in Thoothukudi (Tamil Nadu) and was incorporated as ‘Nadar Bank Ltd’ in 1921. Its name was changed to Tamilnad Mercantile Bank Ltd in 1962. As of FY21-22, TMB operates 509 branches, of which 106 branches are in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. It had a customer base of...
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