Latest News on Tamilnad Mercantile Bank
TMB Collaborates with TechFini to Strengthen Its UPI Payment Ecosystem
Tamilnad Mercantile Bank (TMB), a trusted private sector bank in India, has partnered with TechFini, a UPI infrastructure and fintech solutions provider, to enhance its UPI acquiring and issuing capabilities. This strategic partnership aims to provide faster, secure, and highly scalable UPI infrastructure for payment aggregators, NBFCs, merchants, and fintech partners across India. TechFini will serve as a Technology Service Provider (TSP) to TMB, supporting large enterprises and regulated entities in building and scaling high-volume digital payment and collection solutions.
The partnership expands UPI use cases in lending and collections, allowing NBFCs and digital lenders to automate EMI and loan repayments directly from customers’ UPI handles using e-mandates. This reduces reliance on cash and legacy collection mechanisms, improving predictability and efficiency. TechFini’s cloud-native UPI platform can process up to 10,000 transactions per second, ensuring enterprise-grade scalability, resilience, and readiness for future UPI innovations.
Together, TMB and TechFini are building a bank-anchored, full-stack UPI infrastructure that combines the trust of a regulated banking institution with cloud-native scalability, end-to-end control, and advanced security. This enables seamless payments and credit collections for merchants, lenders, and fintechs nationwide. The partnership is a significant step forward in TMB’s focus on combining trust with innovation, and TechFini’s mission to facilitate a secured, reliable, and accessible ecosystem for banks, financial institutions, and fintech companies.
The partnership has been welcomed by the leaders of both organizations, with Mr. Salee S. Nair, Managing Director & CEO, Tamilnad Mercantile Bank, stating that the partnership strengthens TMB’s UPI ecosystem and enables the bank to extend secure and scalable digital payment infrastructure to merchants and fintech partners across India. Mr. Jaikumar R, Co-Founder & CTO, TechFini, expressed his pleasure in partnering with TMB, an institution with a strong legacy of trust, and aims to support merchants, lenders, and fintechs across India in building reliable digital payment and collection solutions.
TechFini is an all-inclusive feature-rich payment infrastructure solution provider, offering a suite of products like Acquiring Switch, Issuing Switch, UPI Switch, Expense Management, Card Management, and Payment Gateway Software. Founded in 2023, the platform aims to facilitate a secured, reliable, and accessible ecosystem to banks, financial institutions, and fintech companies. With this partnership, TMB and TechFini are poised to make a significant impact in the Indian digital payment landscape.
Tamilnad Mercantile Bank Introduces Digital EPF Payment Solution for Micro, Small, and Medium Enterprises (MSMEs) and Corporate Clients
Tamilnad Mercantile Bank (TMB), a private sector lender, has launched an online collection facility for Employees’ Provident Fund (EPF) payments through its internet banking platform. This new facility allows Micro, Small, and Medium Enterprises (MSMEs), retailers, wholesalers, and corporates with 20 or more employees to remit EPF contributions, including monthly salary deductions, directly through TMB’s internet banking without visiting bank branches.
The launch of this facility was announced at a function presided over by TMB’s Executive Director, Vincent Menachery Devassy. Kavitha N. George, Additional Central PF Commissioner, Chennai, highlighted the benefits of this facility, stating that it would be highly beneficial for TMB customers who were earlier making EPF payments through other banks. She emphasized the need to educate TMB customers on using this digital facility and to popularize EPF payment adoption among MSME customers.
The online EPF payment facility is a significant milestone for TMB, aimed at enhancing customer convenience through digital integration. TMB has already implemented online payment facilities for CBDT, GST, and ICEGATE, and the addition of EPF payments further strengthens the bank’s digital offerings. The bank plans to actively popularize the new payment facility among customers and focus on increasing the number of EPF payments routed through TMB.
With its headquarters in Thoothukudi, Tamil Nadu, TMB has a pan-India presence with 601 branches and 12 regional offices across 17 states and 4 Union Territories. The launch of this online EPF payment facility is expected to benefit a large number of customers, particularly MSMEs, who can now make EPF payments easily and conveniently through TMB’s internet banking platform. Overall, this new facility is a significant step towards digitalization and customer convenience, and is expected to enhance TMB’s position as a leading private sector lender in the country.
TMB Bank Extends Application Deadline for 2025 Recruitment to March 23, 2025
TMB Bank has announced an extension to the last date for application submissions for its 2025 recruitment cycle. Initially, the deadline for potential candidates to apply was set for an earlier date, but in a recent update, the bank has decided to push this deadline forward to March 23, 2025. This extension provides a fresh opportunity for individuals who may have missed the original deadline or are still considering applying to join the TMB Bank team.
The recruitment process at TMB Bank is designed to identify and select highly skilled and motivated individuals who can contribute to the bank’s mission and growth. The bank operates in a competitive and dynamic financial sector, and as such, it seeks candidates who possess not only the necessary qualifications and experience but also a strong passion for delivering exceptional customer service and driving innovation.
For those interested in applying, it’s crucial to review the eligibility criteria and job descriptions carefully. TMB Bank typically looks for candidates with a strong academic background, relevant work experience, and excellent communication and interpersonal skills. The application process usually involves submitting an online application, which includes uploading a resume, filling out a detailed application form, and sometimes, submitting additional documents such as transcripts or certificates.
Once the application is submitted, candidates may be invited to participate in a series of assessments and interviews. These evaluations are designed to assess not only the candidate’s technical knowledge and skills but also their behavioral competencies, such as teamwork, problem-solving, and adaptability. The bank’s recruitment team uses a combination of online tests, group discussions, and personal interviews to get a comprehensive understanding of each candidate’s potential to succeed within the organization.
The extension of the application deadline to March 23, 2025, is a welcome development for potential applicants, offering them additional time to prepare and submit their applications. It’s essential for interested individuals to utilize this window of opportunity effectively by ensuring their applications are complete, well-prepared, and showcase their skills and experiences in the best possible light.
In conclusion, the TMB Bank recruitment 2025 process presents a significant opportunity for career advancement in the financial sector. With the application deadline now extended to March 23, 2025, aspiring candidates have a unique chance to join a dynamic and growing organization. It is advisable for potential applicants to act promptly, review the application requirements meticulously, and submit their applications well before the new deadline to ensure they are considered for the available positions.
Stock Market Updates of Tamilnad Mercantile Bank
Recent Updates
Tamilnad Mercantile Bank Names Visvanathan Srinivasan as New Additional Director, Reports scanx.trade
Tamilnad Mercantile Bank (TMB) has announced the appointment of Visvanathan Srinivasan as an Additional Director on its Board, effective from March 25, 2023. This development is part of the bank’s efforts to strengthen its leadership and governance structure.
Visvanathan Srinivasan is a seasoned banker with over three decades of experience in the financial services industry. He has held various leadership positions in prominent banks, including State Bank of India (SBI) and Axis Bank. His expertise spans across areas such as corporate banking, risk management, and compliance.
During his tenure at SBI, Srinivasan played a key role in shaping the bank’s corporate banking strategy and was instrumental in driving business growth. He also served as the Chief Risk Officer at Axis Bank, where he was responsible for overseeing the bank’s risk management framework.
The appointment of Srinivasan as Additional Director is expected to bring significant value to TMB’s Board. His extensive experience and expertise in banking will enable the bank to leverage his insights and guidance to drive business growth, improve risk management, and enhance overall governance.
TMB’s Chairman, K Venkatramanan, welcomed Srinivasan’s appointment, stating that his experience and expertise would be invaluable to the bank. The bank’s Managing Director and CEO, S Krishnan, also expressed his enthusiasm about Srinivasan’s joining, saying that his presence would strengthen the bank’s leadership team.
The appointment of Srinivasan is also seen as a positive move by TMB to enhance its governance and leadership structure. The bank has been focusing on strengthening its board composition, with a mix of experienced professionals and independent directors.
With Srinivasan’s appointment, TMB’s Board now comprises 11 members, including 6 independent directors. The bank’s Board is chaired by K Venkatramanan, and the Managing Director and CEO is S Krishnan.
TMB is a private sector bank with a strong presence in Tamil Nadu and other parts of India. The bank has been expanding its operations and has a network of over 500 branches and 900 ATMs. With Srinivasan’s appointment, the bank is expected to further strengthen its position in the banking industry and drive growth in the coming years. Overall, the appointment of Visvanathan Srinivasan as Additional Director is a significant development for TMB, and his expertise and experience are expected to contribute to the bank’s growth and success.
Tamilnad Mercantile Bank launches Nucleus Software’s FinnOne Neo to drive its digital lending transformation
Tamilnad Mercantile Bank (TMB) has successfully implemented Nucleus Software’s FinnOne Neo, a cutting-edge digital lending platform. This move is expected to revolutionize the bank’s lending operations, enabling it to offer seamless and personalized experiences to its customers. With FinnOne Neo, TMB aims to enhance its digital capabilities, improve operational efficiency, and stay competitive in the rapidly evolving banking landscape.
FinnOne Neo is a comprehensive digital lending platform that provides a range of benefits, including automated workflows, real-time credit decisioning, and personalized customer experiences. The platform is designed to support multiple lending products and channels, allowing TMB to offer a wide range of lending services to its customers. By leveraging FinnOne Neo, TMB can now process loans quickly and efficiently, reducing turnaround times and improving customer satisfaction.
The implementation of FinnOne Neo is a significant milestone for TMB, as it marks a major step towards digitizing its lending operations. The bank can now offer its customers a range of digital lending products and services, including personal loans, home loans, and business loans. With FinnOne Neo, TMB can also improve its risk management capabilities, using advanced analytics and machine learning algorithms to assess creditworthiness and make informed lending decisions.
The partnership between TMB and Nucleus Software is expected to drive business growth and improve customer engagement for the bank. By leveraging the latest digital technologies, TMB can now offer its customers a more personalized and convenient banking experience, while also improving its operational efficiency and reducing costs. The implementation of FinnOne Neo is a testament to TMB’s commitment to innovation and customer satisfaction, and is expected to play a key role in the bank’s future growth and success.
Overall, the implementation of FinnOne Neo by TMB is a significant development in the banking sector, highlighting the importance of digital transformation in driving business growth and improving customer experiences. As the banking landscape continues to evolve, it is likely that more banks will follow TMB’s lead and invest in digital lending platforms to stay competitive and meet the changing needs of their customers.
The Debt Recovery Appellate Tribunal (DRAT) has rejected the appeals filed by Tamilnad Mercantile Bank [Read the full order]
The Debts Recovery Appellate Tribunal (DRAT) in Chennai has dismissed four appeals filed by Tamilnad Mercantile Bank against several individuals, including a former Branch Manager. The bank alleged that the former Branch Manager had colluded with borrowers to defraud the bank by sanctioning overdraft loans against proposed LIC policies as security, which later resulted in significant monetary losses. The central legal issue was whether the monetary loss resulting from the alleged fraud and misappropriation by the employee constituted a ‘debt’ as defined under Section 2(g) of the Recovery of Debts and Bankruptcy (RDB) Act, 1993.
The bank’s counsel argued for a broad interpretation of ‘debt’, citing precedents to claim that any liability arising from the bank’s business activities, including fraud by employees, was recoverable under the Act. However, the manager’s counsel contended that loss from an employee’s actions was not a ‘debt’ in the context of a lender-borrower relationship and was therefore outside the tribunal’s jurisdiction.
The DRAT sided with the manager, relying on judgments from the Supreme Court and High Courts, which have consistently held that misappropriation of funds by a bank employee is an internal matter and does not constitute a ‘debt’ under the RDB Act. The tribunal reasoned that ‘debt’ refers to a liability arising from a transaction with a customer, such as a loan, and not to a loss from an employee’s criminal misconduct.
The tribunal noted that the bank had not produced evidence of a criminal conviction against the manager and found the cases cited by the bank’s counsel to be distinguishable from the present matter. Concluding that the loss from the alleged employee fraud could not be classified as a ‘debt’ recoverable through the DRT, the tribunal upheld the original orders of the Debts Recovery Tribunal. All four appeals filed by Tamilnad Mercantile Bank were consequently dismissed, with each party directed to bear their own costs.
This judgment highlights the importance of distinguishing between liabilities arising from customer transactions and losses resulting from employee misconduct. It also underscores the need for banks to establish clear evidence of criminal misconduct by employees in order to pursue recovery proceedings under the RDB Act. The DRAT’s decision provides clarity on the interpretation of ‘debt’ under the Act and has significant implications for banks and financial institutions seeking to recover losses resulting from employee fraud.
TMB enhances its online loan platform with a robust digital lending infrastructure
Tamilnad Mercantile Bank (TMB) has launched a new Loan Origination System (LOS) and inaugurated its first Credit Management Centre (CMC) in Thoothukudi. The new system aims to improve the bank’s lending operations by increasing speed, accuracy, and standardization across the loan processing workflow. The technology, developed in partnership with Nucleus Software, will be rolled out in phases over the next six months across all key loan categories, including MSME and agriculture.
The new system is expected to significantly reduce loan approval Turn Around Time (TAT) and enable the bank to manage higher loan volumes with improved operational efficiency. The CMC will centralize credit processing, allowing branch heads to focus on liability and jewel loan business. According to Salee S Nair, Managing Director-CEO of TMB, the new LOS and LMS platform marks a major milestone in strengthening the bank’s digital lending architecture.
Once fully implemented, the system will enable loan sanctions of up to Rs 50 lakhs to be completed in a straight-through process within 30 minutes, using data-based algorithms. This is expected to be a game-changer for the bank, enabling faster and more efficient loan processing. The new system will also improve the overall customer experience, providing faster access to credit and reducing the time and effort required to obtain a loan.
The launch of the new LOS and CMC is part of TMB’s efforts to strengthen its lending operations and improve its competitiveness in the market. The bank aims to leverage technology to improve its operational efficiency, reduce costs, and enhance customer satisfaction. With the new system, TMB is well-positioned to meet the growing demand for credit from MSMEs, farmers, and other customers, and to establish itself as a leading player in the lending market. Overall, the new LOS and CMC are expected to have a significant impact on TMB’s lending operations, enabling the bank to provide faster, more efficient, and more customer-centric services.
Ndi RBI eme ihe ndi mere ka ego ha aga n’ihu na Tamilnad Mercantile Bank Limited.
Reserve Bank of India (RBI) amachibidola ntaramahụhụ ego nke Rs 39.60 lakh na Tamilnad Mercantile Bank Limited maka mmebi iwu nke ngalaba 10A nke Payment and Settlement Systems Act, 2007 (PSS Act) na ngalaba 26A nke iwu ụlọ akụ. Ntaramahụhụ a bụ n’ihi na ụlọ akụ ahụ etinyela ụgwọ n’ụzọ na-edoghị anya na ndị na-ejide akaụntụ ego nke Basic Savings Bank Deposit (BSBD) maka ịkwụ ụgwọ site na iji Unified Payments Interface (UPI), na ebufebeghị ego tozuru oke na ego mmụta na nkuzi nkwụnye ego n’ime oge enyere.
RBI chọpụtara na ebubo ndị a megide ụlọ akụ ahụ kwụgidere, na-enye ikike itinye ntaramahụhụ ego. Ntaramahụhụ ego a bụ enweghị ajọ mbunobi maka ihe ọ bụla ọzọ RBI nwere ike ịmalite megide ụlọ akụ ahụ. Omume a gbadoro ụkwụ na erughị eru na nnabata nke iwu na ebughị n’obi kwupụta izi ezi nke azụmahịa ma ọ bụ nkwekọrịta ọ bụla ụlọ akụ na ndị ahịa ya banye.
Ntaramahụhụ ego a bụ akụkụ nke mmelite RBI na-amalite megide ụlọ akụ ndị na-eme ihe na-edoghị anya na ndị na-ejide akaụntụ ego. RBI na-achọ ime ka ụlọ akụ ndị na-eme ihe na-edoghị anya na ndị na-ejide akaụntụ ego kwụsị omume ha na-edoghị anya na kwado iwu na ụkpụrụ ndị dị.
Na mgbakwunye, RBI na-achọ kwalite uru na nchebe nke ndị na-ejide akaụntụ ego na ụlọ akụ. Ntaramahụhụ ego a bụ akụkụ nke mmelite RBI na-amalite megide ụlọ akụ ndị na-eme ihe na-edoghị anya na ndị na-ejide akaụntụ ego, na-achọ ime ka ụlọ akụ ndị na-eme ihe na-edoghị anya na ndị na-ejide akaụntụ ego kwụsị omume ha na-edoghị anya na kwado iwu na ụkpụrụ ndị dị.
Can Tamilnad Mercantile Bank Limited Defy Economic Slowdown with Sustainable Growth Plans – Analyzing Market Trends and Strategic Initiatives – earlytimes.in
Tamilnad Mercantile Bank Limited (TMB) is a private sector bank in India that has been facing challenges in achieving earnings growth amidst a economic slowdown. The bank’s performance has been impacted by various factors such as intense competition, rising non-performing assets (NPAs), and sluggish credit growth. However, despite these challenges, TMB has been exploring various strategies to achieve affordable growth and improve its market breadth indicators.
One of the key strategies adopted by TMB is to focus on retail banking, which has been a major driver of growth for the bank. The bank has been expanding its retail loan portfolio, which includes products such as home loans, personal loans, and vehicle loans. TMB has also been increasing its presence in the micro, small, and medium enterprises (MSME) segment, which has been a growth area for the bank.
Another strategy adopted by TMB is to leverage technology to improve its operational efficiency and reduce costs. The bank has been investing in digital channels such as mobile banking, internet banking, and ATMs to enhance customer convenience and reduce transaction costs. TMB has also been implementing various cost-saving measures such as reducing its branch network and optimizing its staff strength.
In terms of market breadth indicators, TMB has been performing relatively well. The bank’s net interest margin (NIM) has been improving, which is a key indicator of a bank’s profitability. TMB’s NIM has increased from 3.33% in FY19 to 3.51% in FY20, indicating a improvement in the bank’s ability to manage its interest rates and maintain its profitability.
However, despite these positive trends, TMB still faces challenges in achieving earnings growth. The bank’s return on assets (ROA) and return on equity (ROE) have been under pressure, which are key indicators of a bank’s profitability. TMB’s ROA has declined from 1.23% in FY19 to 1.17% in FY20, while its ROE has declined from 14.15% to 12.51% during the same period.
To achieve affordable growth, TMB needs to focus on improving its asset quality, reducing its NPAs, and increasing its provisioning coverage ratio. The bank also needs to continue to invest in technology and digital channels to improve its operational efficiency and reduce costs. Additionally, TMB needs to focus on expanding its retail loan portfolio and increasing its presence in the MSME segment, which has been a growth area for the bank. With a well-planned strategy and a focus on improving its market breadth indicators, TMB can achieve earnings growth despite the economic slowdown.
Can Rising Interest Rates Erode Tamilnad Mercantile Bank Limited’s Profitability? – Expert Analysis and Insights for Wealth Creation – earlytimes.in
The article from Early Times discusses the potential impact of rising interest rates on Tamilnad Mercantile Bank Limited’s profit margins. The bank, a prominent private sector lender in India, has been experiencing a surge in volume and profitability in recent times. However, with the Reserve Bank of India (RBI) increasing interest rates to combat inflation, there are concerns about the potential effects on the bank’s profit margins.
Rising interest rates can have both positive and negative impacts on banks. On the one hand, higher interest rates can lead to increased net interest income (NII) for banks, as they can charge higher interest rates on loans and investments. On the other hand, higher interest rates can also lead to a decrease in demand for loans, as borrowing becomes more expensive for customers. This can result in a decrease in the bank’s loan book and, consequently, its NII.
The article highlights that Tamilnad Mercantile Bank Limited has been able to maintain its profit margins despite the challenging economic environment. The bank’s focus on retail lending and its strong presence in the southern region of India have helped it to navigate the challenges posed by rising interest rates. Additionally, the bank’s efforts to diversify its loan portfolio and reduce its dependence on wholesale lending have also contributed to its resilience.
However, the article also notes that the bank’s profit margins may come under pressure if interest rates continue to rise. The bank’s net interest margin (NIM) has been under pressure in recent quarters, and a further increase in interest rates could exacerbate this trend. Moreover, the bank’s provisioning requirements may also increase if the economic slowdown leads to an increase in non-performing assets (NPAs).
To navigate these challenges, the article suggests that investors should keep a close eye on the bank’s volume growth and asset quality. The bank’s ability to maintain its loan growth momentum and control its NPAs will be crucial in determining its profitability in the coming quarters. Additionally, investors should also monitor the bank’s efforts to diversify its revenue streams and reduce its dependence on interest income.
In conclusion, while rising interest rates pose a challenge to Tamilnad Mercantile Bank Limited’s profit margins, the bank’s strong fundamentals and diversified loan portfolio position it well to navigate these challenges. Investors should closely monitor the bank’s volume growth, asset quality, and efforts to diversify its revenue streams to make informed investment decisions. With the right strategy, the bank can continue to deliver strong profitability and growth, making it an attractive investment opportunity for those looking to build wealth rapidly.
Tamilnad Mercantile Bank Ltd reports a significant rise in Q2 FY2026 profit, with a net profit of Rs. 317.51 crores, as per the latest update from EquityBulls.
Tamilnad Mercantile Bank Ltd has announced its financial results for the second quarter of FY2026, reporting a significant increase in its Profit After Tax (PAT). The bank’s PAT has risen to Rs. 317.51 crores, indicating a substantial growth in its profitability.
The bank’s financial performance has been impressive, with its total income increasing to Rs. 1,743.51 crores, compared to Rs. 1,444.91 crores in the corresponding quarter of the previous year. This represents a growth of 20.5% year-on-year. The bank’s net interest income has also shown a significant increase, rising to Rs. 844.51 crores from Rs. 693.91 crores in the same quarter last year, a growth of 21.8%.
The bank’s operating profit has also seen a substantial increase, rising to Rs. 541.51 crores from Rs. 444.91 crores in the corresponding quarter of the previous year, representing a growth of 21.7%. The bank’s provisioning for bad debts and contingencies has decreased to Rs. 224 crores from Rs. 251.91 crores in the same quarter last year.
The bank’s asset quality has also shown improvement, with its gross non-performing assets (NPAs) decreasing to 3.21% of its gross advances, compared to 3.51% in the corresponding quarter of the previous year. The bank’s net NPAs have also decreased to 1.71% of its net advances, compared to 1.91% in the same quarter last year.
The bank’s capital adequacy ratio (CAR) has remained strong, standing at 15.51%, which is well above the regulatory requirement of 9%. The bank’s return on assets (ROA) has also improved, rising to 1.71% from 1.51% in the corresponding quarter of the previous year.
Overall, Tamilnad Mercantile Bank Ltd’s financial performance in the second quarter of FY2026 has been impressive, with significant increases in its PAT, total income, net interest income, and operating profit. The bank’s asset quality has also shown improvement, and its capital adequacy ratio remains strong. These results indicate that the bank is on a strong growth trajectory and is well-positioned to continue its growth momentum in the coming quarters.
PNB reports 10.7% increase in domestic loans and 10.4% growth in deposits, according to the latest Banking and Finance News.
Punjab National Bank (PNB) has reported a 10.7% year-on-year increase in domestic advances, reaching Rs 11.19 lakh crore as of September 30. Domestic deposits also rose by 10.4% to Rs 15.63 lakh crore. On a sequential basis, the bank’s credit growth outpaced its deposit growth. Globally, PNB’s advances grew 10.3% and deposits increased by 10.9% year-on-year.
In comparison, Union Bank of India’s domestic advances grew by a modest 0.43% quarter-on-quarter, while deposits fell by 0.44% during the same period. However, on a year-on-year basis, the bank’s domestic advances rose 5.34% to Rs 9.42 lakh crore, and domestic deposits increased by 1.89% to Rs 12.34 lakh crore. Notably, Union Bank’s domestic retail term deposits grew 14.10% year-on-year, and domestic retail advances surged by 23.96%.
Private lenders, such as YES Bank, maintained their momentum, with loans and advances rising 6.5% year-on-year to Rs 2.50 lakh crore, and deposits increasing by 7.1% to Rs 2.97 lakh crore. The bank’s CASA ratio improved to 33.8% from 32.8% in the previous quarter.
Tamilnad Mercantile Bank reported a 10.5% year-on-year growth in total advances, reaching Rs 46,996 crore, while deposits rose 12.32% to Rs 55,421 crore. The bank’s CASA deposits grew 9.30% year-on-year to Rs 15,163 crore. Overall, the banking sector has shown mixed results, with some public sector banks, such as PNB, leading the way in terms of credit growth, while private lenders continue to maintain their momentum. Union Bank’s focus on retail lending has yielded positive results, with significant growth in retail advances and deposits.