Tamilnad Mercantile Bank (TMB)

Key details

• Parent: Tamil Nadu Nadar caste merchants then 1962 Tamilnad Mercantile Bank rebrand

Overview

Tamilnad Mercantile Bank (TMB) is Indian private commercial bank + NSE: TMB BSE: 543596 + Tamil Nadu Nadar community-aligned + Indian retail + institutional investors free float + one of India's mid-sized private commercial banks + founded May 11 1921 in Thoothukudi Tamil Nadu India as Nadar Bank by Tamil Nadu Nadar caste merchants then 1962 Tamilnad Mercantile Bank rebrand ^{1, India report}.

History

May 11 1921 — Nadar Bank founded in Thoothukudi Tamil Nadu India by Tamil Nadu Nadar caste merchants as Tamil Nadu-based Indian Nadar caste community commercial bank distinctive Indian banking heritage as Tamil Nadu Nadar community-aligned commercial bank.

1962 — Tamilnad Mercantile Bank rebrand consolidating Nadar Bank.

Sep 15 2022 — TMB IPO on NSE + BSE Indian Stock Exchanges.

2014 — TMB Mobile banking app launch.

Ownership & operator

Operating entity: Tamilnad Mercantile Bank TMB (Indian private commercial bank; NSE: TMB; BSE: 543596).

Major shareholders: Tamil Nadu Nadar community-aligned + Indian retail + institutional investors free float.

Regulators: Reserve Bank of India RBI.

Technical integration

TMB Mobile app (iOS + Android) + tmb.in online + Tamilnad Mercantile Bank branch network across India + TMB Visa + Mastercard + RuPay cards; RuPay Indian national card scheme + EMVCo QRCPS QR payments + Bharat QR (Indian national QR payment scheme) + UPI Unified Payments Interface (Indian instant payments) + Indian Rupee INR domestic transfers.

Implementations & partners

Major Indian banking + payments competitors: State Bank of India (SBI) (State Bank of India SBI) + HDFC Bank App (HDFC Bank) + ICICI Bank (ICICI Bank) + Federal Bank (Federal Bank) + South Indian Bank (SIB) (South Indian Bank SIB) + Karnataka Bank (Karnataka Bank) + City Union Bank (CUB) (City Union Bank CUB) + UPI QR (Unified Payments Interface UPI).

Regulators: Reserve Bank of India RBI.

Status

Active, Indian private commercial bank + NSE:TMB BSE:543596 + Tamil Nadu Nadar community-aligned + Indian retail + institutional investors free float + one of India's mid-sized private commercial banks + founded May 11 1921 in Thoothukudi Tamil Nadu India as Nadar Bank by Tamil Nadu Nadar caste merchants then 1962 Tamilnad Mercantile Bank rebrand ^{1, 2}.

Sources

• 1 TMB — official
• 2 TMB — Wikipedia
• ^{India report} In-corpus: reports/countries/IN-india.md

Source

Biography extracted from tmb-tamilnad-mercantile.md. See matrix.md for standards-support matrix if present.