Tamilnad Mercantile Bank Limited operates as a provider of banking and financial services in India. Its business is organized into segments, including Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations. The range of offerings includes savings, recurring, term deposit, and current accounts, along with debit and credit cards. Additionally, the company provides services such as demat and equity trading accounts, POS terminals, e-tax payment, online bill payment, mutual funds, insurance, sovereign gold bond schemes, money transfer, forex, treasury, as well as Internet and mobile banking.
Furthermore, Tamilnad Mercantile Bank Limited extends various loan products, covering home, car, two-wheeler, personal, house rent, pension, doctor, education, jewel, NRI, commercial vehicle, traders and service, MSME, rice and dhall mill, and Mahalir loans. The company also offers loans against properties and sovereign gold bonds. Moreover, it provides vehicle finance for educational institutions, secured overdraft facilities, and specialized financing solutions for microenterprises, pharma businesses, and channel finance.
Originally known as The Nadar Bank Ltd., the company underwent a name change to Tamilnad Mercantile Bank Limited on November 26, 1962. Established in 1921, the bank is headquartered in Thoothukudi, India.
Furthermore, Tamilnad Mercantile Bank Limited extends various loan products, covering home, car, two-wheeler, personal, house rent, pension, doctor, education, jewel, NRI, commercial vehicle, traders and service, MSME, rice and dhall mill, and Mahalir loans. The company also offers loans against properties and sovereign gold bonds. Moreover, it provides vehicle finance for educational institutions, secured overdraft facilities, and specialized financing solutions for microenterprises, pharma businesses, and channel finance.
Originally known as The Nadar Bank Ltd., the company underwent a name change to Tamilnad Mercantile Bank Limited on November 26, 1962. Established in 1921, the bank is headquartered in Thoothukudi, India.
