INE668A01016
Listing Status: DRHP Filed
About
Overview
Under the guidance of the Nadar Business Community, the Nadar Bank was established in 1921. The name of the bank was changed to Tamilnad Mercantile Bank in 1962, with an aim to widen its appeal beyond the Nadar community. For five years, from 2010 to 2015, TMB was the fastest-growing private sector bank. The first private sector bank in India to introduce computerization for branch-level operations, the TMB adopted modernizations in 1983. Today, all the 509 branches of the bank are networked through the Infosys FINACLE Software and have 100% connectivity.
The bank has tie-up with ICICI Prudential Mutual Fund, UTI Mutual Fund, Reliance Mutual Fund, Franklin Templeton Mutual Fund, Birla Sun Life Mutual Fund, Sundaram Mutual Fund and HDFC Mutual Fund for selling their Mutual Fund Products. The bank became a Depository participant through NSDL to make available Demat facilities.
The bank has tie-up with HDFC Bank and IDBI Bank for collection services.Initiatives taken by the company during the year 2018-19 include Inauguration of two link offices at Delhi and Vijayawada, Dedicated MSME processing center at Surat, Specialized NRI desk at Mumbai, 11 Jewel Loan shops in rural areas, the launch of TMB Multi-currency travel card, International Rupay debit card and Contactless debit cards.
Insights
The bank has been continuously increasing its branch network and is also able to generate high quantum of deposits. It has been a leader in various technological advancement in the industry which is providing an edge to them over competitors and has benefitted the Tamilnad mercantile bank share value.
The bank has been improving its Current and Savings Account (CASA) deposit ratio resulting in improved Net Interest Margin. It is expected to deliver decent CAGR returns to the esteemed Tamilnad Mercantile bank shareholders.
Balance Sheet
Profit and Loss
Management
ASOK KUMAR PERIYANADAR CHIDAMBARAM NADAR GANESAN - Director
Shareholding in the company - 1.11 %
DHANUSHKODI NITHYANANDAM NIRRANJAN KANI - Additional Director
Shareholding in the company - 0.69 %
SANKARALINGAM ANNAMALAI - Director
Shareholding in the company - 0.24 %
SHANMUGAM RAJENDRAN ASHOK - Additional Director
Shareholding in the company - 0.03 %
NAGARAJAN KANDAVEL - Director
BALASUBRAMANIAN VIJAYADURAI - Director
SUKUMARAN CHINNAKKALAI - Chief Financial Officer
PRAKASH CHANDRA PANDA - Company Secretary
GOPAL NATARAJAN - Nominee Director
SIVAGAMI AMARNEEDHI - Nominee Director
SHIVAVEL EZHIL JOTHI - Additional Director
RAMA MOORTHY KUMARABOMMARAJPURAM VENKATA - Managing Director
BIDALUR SEETHARAMARAO KESHAVAMURTHY - Additional Director
Ancillary
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Press
Company Information
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Can I buy unlisted shares of Tamilnad Mercantile Bank (TMB)?
Yes, you can buy Tamilnad Mercantile Bank (TMB) shares. We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy share of Tamilnad Mercantile Bank (TMB) Please click on the “trade” button at the top of this page
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Can I sell unlisted shares of Tamilnad Mercantile Bank (TMB)?
Yes, you can sell Tamilnad Mercantile Bank (TMB) shares. We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded (Click on link). To submit a request to sell shares of Tamilnad Mercantile Bank (TMB) Please click on the “trade” button at the top of this page
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What is the Tamilnad Mercantile Bank (TMB) share price today??
We provide a two way quote on all the shares we deal in. Your buy price for Tamilnad Mercantile Bank (TMB) unlisted share today is ₹525 and your sell price for Tamilnad Mercantile Bank (TMB) unlisted share today is ₹475. The price is based on our estimates and market conditions.
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How is the price of Tamilnad Mercantile Bank (TMB) unlisted shares calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Tamilnad Mercantile Bank (TMB) unlisted share.
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What are the lot sizes for Tamilnad Mercantile Bank (TMB) unlisted shares?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Tamilnad Mercantile Bank (TMB) unlisted shares with us kindly click here.
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What are the financials of Tamilnad Mercantile Bank (TMB)?
The financials of Tamilnad Mercantile Bank (TMB) which includes the P/L of Tamilnad Mercantile Bank (TMB) and the Balance Sheet of Tamilnad Mercantile Bank (TMB) is in the financials section (Click on link).
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Where can I find the Tamilnad Mercantile Bank (TMB) annual report?
The Tamilnad Mercantile Bank (TMB) annual report is available in the annual report section (Click on link).
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What is the lock-in period of Tamilnad Mercantile Bank (TMB) unlisted shares?
If the company has filed for a DRHP before July’2021 then the lock-in period post-IPO is 1 year else the lock-in period post-IPO is 6 months.
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Is buying Tamilnad Mercantile Bank (TMB) unlisted shares legal in India?
Yes, buying and selling of Unlisted shares is legal in India.
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How much time does it take to credit Tamilnad Mercantile Bank (TMB) unlisted shares in the Demat account?
Once the transaction for your placed order is completed the shares get credited to your Demat account in the next 24 hours.
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From where does Altius source Tamilnad Mercantile Bank (TMB) unlisted stocks?
Altius sources shares from the initial investors or employees looking to liquidate their investment in the company.
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Short-term Capital gains tax to be paid on Tamilnad Mercantile Bank (TMB) unlisted stocks?
If you liquidate your shares in less than 2 years, then these gains are taxed as ordinary income and hence are added to your income. You are taxed as per the tax slab.
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What is the expected IPO date or the listing date of Tamilnad Mercantile Bank (TMB)?
Some of the companies listed with us today are already in a Pre-IPO phase. And the rest usually have a vision for an IPO in the next 2-3 years.
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Long-term Capital gains tax to be paid on Tamilnad Mercantile Bank (TMB) unlisted stocks?
If you liquidate your shares after 2 years, these gains are taxed as Long-term Capital gains and are taxed at 20% with indexation benefits.
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Where can I find the Tamilnad Mercantile Bank (TMB) price chart?
We have made a price chart available for Tamilnad Mercantile Bank (TMB) based on the historical share prices here.
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