Tamilnad Mercantile Bank Ltd

Tamilnad Mercantile Bank Capacity Expansion

Tamilnad Mercantile Bank is opening a new branch at CBD Belapur, Navi Mumbai. The branch is scheduled to open on June 30, 2026.

Tamilnad Mercantile Bank Credit Rating

CRISIL reaffirmed TMB's credit ratings on fixed deposits, short-term deposits, and CDs. The stable outlook reflects continued credit strength.

Tamilnad Mercantile Bank Business Update

Tamilnad Mercantile Bank revised its MCLR across various tenors effective June 7, 2026. This adjustment reflects the bank's updated cost of funds and impacts lending yields.

Tamilnad Mercantile Bank Management Change

Tamilnad Mercantile Bank promoted Mr. T. Arunmolian to Vice President, Head of Legal. Effective June 1, 2026, this internal leadership elevation strengthens the bank's senior management.

Tamilnad Mercantile Bank Board Meeting Outcome

Tamilnad Mercantile Bank scheduled its 104th AGM for July 14, 2026. The board also fixed June 12, 2026, as the record date for dividend payments.

Tamilnad Mercantile Bank Capacity Expansion

Tamilnad Mercantile Bank Limited is opening a new branch in Okkur, Tamil Nadu on May 29, 2026. This move expands the bank's regional operational presence.

Tamilnad Mercantile Bank Other Announcement

Tamilnad Mercantile Bank submitted its Annual Secretarial Compliance Report for the financial year 2026. This mandatory regulatory filing provides a detailed overview of governance compliance.

Tamilnad Mercantile Bank Capacity Expansion

Tamilnad Mercantile Bank will open a new branch in Tirur, Kerala on May 21, 2026. This expansion broadens the bank's operational reach and presence.

Tamilnad Mercantile Bank Legal & Regulatory

Tamilnad Mercantile Bank received a rectification order reducing its income tax demand to ₹2.93 Crore. This revision significantly lowers the bank's potential tax liability.

Value

₹2.93 Cr