Tamilnad Mercantile Bank LtdNSE TMB Stock Report

Tamilnad Mercantile Bank Ltd. engages in the provision of banking services. The company is headquartered in Thoothukudi, Tamil Nadu and currently employs 4,505 full-time employees. The company went IPO on 2022-09-15. The Bank is engaged in providing a wide range of banking and financial services involving retail, corporate banking and para-banking activities, in addition to treasury and foreign exchange business. Its segments include Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations. The company offers banking products and services to retail, micro, small and medium enterprises (MSME), agricultural and corporate customers. The Banks's retail asset products include home loans, personal loans, auto loans, educational loans, business loans as well as security-backed loans of various types to its retail customers. For corporate customers, it offers various loans to corporates, in textiles and other industries, with its assortment of banking products and services including working capital, term financial, trade financial, foreign exchange business funding in domestic and foreign currencies.