Latest News on Tamilnad Mercantile Bank
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.
Stock Market Updates of Tamilnad Mercantile Bank
Recent Updates
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.
Tamilnad Mercantile Bank announces plans to expand its presence with 40 new branches and engage a global consultant to boost support for Micro, Small, and Medium Enterprises (MSMEs).
Tamilnad Mercantile Bank (TMB) தனது விரிவாக்கத்தை தொடர்ந்து, 40 புதிய கிளைகளை திறக்க திட்டமிட்டுள்ளது. இந்த விரிவாக்கம் நாடு முழுவதும் வங்கியின் இருப்பை மேலும் வலுப்படுத்தும். இதில், சிறு மற்றும் நடுத்தர தொழில் முனைவோர் (MSMEs) துறையில் கவனம் செலுத்துவதற்காக ஒரு உலகளாவிய ஆலோசகரையும் நியமிக்க இருக்கிறது.
TMB இன் இந்த நகர்வு வங்கியின் வளர்ச்சி மற்றும் விரிவாக்கத்திற்கான அதன் அர்ப்பணிப்பை வெளிப்படுத்துகிறது. புதிய கிளைகள் மூலம், TMB மேலும் அதிக வாடிக்கையாளர்களை அடைய முடியும், மேலும் நாட்டின் பொருளாதார வளர்ச்சிக்கு பங்களிக்கும்.
MSMEs துறையில், TMB தனது சேவைகளை மேம்படுத்த உலகளாவிய ஆலோசகரின் துணையை நாடுகிறது. இந்த ஆலோசகர் வங்கிக்கு MSMEs துறையில் மிகவும் பொருத்தமான வணிக வாய்ப்புகளை அடையவும், தனது சேவைகளை மேம்படுத்தவும் உதவுவார். இது TMB இன் MSMEs துறையில் பங்கு அதிகரிக்கும் என்று எதிர்பார்க்கப்படுகிறது.
மொத்தத்தில், TMB இன் 40 புதிய கிளைகள் மற்றும் ஒரு உலகளாவிய ஆலோசகரை நியமிப்பது வங்கியின் வளர்ச்சி மற்றும் விரிவாக்கத்திற்கான அர்ப்பணிப்பை காட்டுகிறது. இது வங்கியின் வாடிக்கையாளர்கள் மற்றும் நாட்டின் பொருளாதார வளர்ச்சிக்கு நன்மை பயக்கும்.
S Krishnan, a seasoned banking expert, has been appointed as the non-executive chairman of J&K Bank.
The Jammu and Kashmir Bank has announced the appointment of S Krishnan as its new non-executive chairman. The bank’s board made this decision in a meeting held on August 25, and the appointment will be effective once it receives approval from the Reserve Bank of India (RBI). Krishnan’s term as chairman will last until March 26, 2028.
Currently, Krishnan serves as an independent director on the bank’s board. He has a wealth of experience in the banking sector, having previously worked as the Managing Director and CEO of Punjab & Sind Bank, a state-owned bank. After retiring from this position, Krishnan took charge as the MD & CEO of Tamilnad Mercantile Bank in September 2022, following approval from the RBI.
Krishnan’s impressive career in banking spans over four decades. He holds a postgraduate degree in Commerce and is also a qualified Cost Accountant. His extensive experience and qualifications make him an ideal candidate to lead the Jammu and Kashmir Bank as its non-executive chairman.
The appointment of Krishnan as chairman is expected to bring new leadership and expertise to the bank. His experience in managing state-owned and private banks will likely be beneficial in guiding the Jammu and Kashmir Bank’s future growth and development. The bank’s board has made a thoughtful decision in selecting Krishnan for this role, and his appointment is subject to approval from the RBI.
The Jammu and Kashmir Bank is a significant financial institution in the region, and the appointment of a new chairman is a crucial development. With Krishnan at the helm, the bank is likely to undergo significant changes and improvements. His leadership and vision will be essential in shaping the bank’s strategy and direction, and his experience will help the bank navigate the complex banking landscape.
Overall, the appointment of S Krishnan as the non-executive chairman of the Jammu and Kashmir Bank is a positive development for the bank and its stakeholders. His experience, qualifications, and leadership skills make him an ideal candidate for this role, and his appointment is expected to have a positive impact on the bank’s future growth and success.
Tamilnad Mercantile Bank aims to finish its digital transformation by the end of this fiscal year
Tamilnad Mercantile Bank, a private sector bank based in Tuticorin, is on track to complete its digital transformation program within the current financial year. The bank had allocated ₹150 crore last year to implement various technology-driven upgrades, including the development of Oracle Human Capital Management software, Oracle CX-Customer Relationship Management software, and Vendor Management software. The bank is also revamping its internet banking platform and has partnered with IT major Infosys to achieve this.
The bank’s MD and CEO, Salee S Nair, stated that the new internet banking platform will offer over 70 services, allowing customers to satisfy their branch-related requirements online. The bank has also designed a sophisticated net banking platform to enhance digital banking experiences for both retail and corporate clients. The ongoing projects, including website and mobile banking revamps, are expected to be completed in a phased manner within the current financial year.
The bank recently declared its financial performance for the April-June 2025 quarter, registering a 6.27% growth in net profit to ₹305 crore. The reduction in provisions led to the growth in net profit during the June quarter. The bank’s total income rose to ₹1,617 crore during the quarter, compared to ₹1,515 crore in the corresponding quarter of the previous financial year.
Nair noted that the bank is expected to reap the benefits from various initiatives it has taken, including expansion of its branch network, upgrading technology, and focusing on the MSME sector and gold loan portfolio. The bank aims to achieve a growth in deposits of over 10% year-on-year and a growth in advances of close to 15%. The bank’s CASA (Current Account, Savings Account) growth has turned positive, with a growth of 4.51% in the April-June 2025 quarter. Nair expressed confidence that the initiatives taken by the bank will bear fruit and lead to accelerated growth in deposits in the second half of the financial year. The bank hopes to close the financial year with better numbers, driven by the growth in deposits and advances.
TMB strengthens its leadership with the appointment of a new additional director
The Tamilnadu Mercantile Bank Ltd has announced the appointment of K Ramachandran as an additional Non-Executive Independent Director and part-time Chairman of the bank. This appointment has been approved by the Board of Directors and is subject to approval from the Reserve Bank of India (RBI). Ramachandran will take on the role effective from the date of RBI approval, and his tenure will last for three years, until June 11, 2028.
K Ramachandran brings with him over 30 years of experience in the banking sector, having held key positions in prominent banks. Notably, he has served as the Executive Director at Indian Bank and Allahabad Bank. His expertise and leadership played a crucial role in the successful merger of Allahabad Bank and Indian Bank. This experience will undoubtedly be valuable in his new role at Tamilnadu Mercantile Bank, as he navigates the bank through the evolving banking landscape.
The appointment of Ramachandran as part-time Chairman is expected to bring stability and strategic guidance to the bank. His independent perspective, combined with his extensive banking knowledge, will enable him to provide effective oversight and direction to the bank’s management. As a seasoned banker, Ramachandran is well-equipped to address the challenges and opportunities facing the bank, and his leadership is anticipated to contribute to the bank’s growth and success.
The Tamilnadu Mercantile Bank Ltd, with its rich history and strong presence in the region, is poised for further growth and expansion under Ramachandran’s guidance. The bank’s Board of Directors has expressed confidence in Ramachandran’s ability to lead the bank forward, and his appointment is seen as a significant step towards achieving the bank’s strategic objectives. With his proven track record and expertise, K Ramachandran is well-positioned to make a positive impact at Tamilnadu Mercantile Bank and drive the bank’s continued success.
Tamilnad Mercantile Bank Aims for 13-14% Increase in Deposits by FY26
The bank’s yields on advances have moderated slightly in FY25 due to efforts to enhance portfolio quality and increase MSME ticket sizes, which has resulted in a yield sacrifice. Despite previous repo rate hikes and anticipated cuts, deposit costs have not increased significantly. The bank expects to maintain a net interest margin (NIM) of 3.8% to 3.9% in FY26, with deposit costs ranging from 5.9% to 6%.
The bank’s loan portfolio is heavily focused on retail, agriculture, and MSME segments, which account for 93% of total advances, up from 91% in FY24. The bank plans to continue its focus on retail and MSME, with a smaller emphasis on agriculture. It may also re-enter the corporate segment with limited exposure once risk management systems are fully implemented.
To support growth, the bank is centralizing credit delivery through a new credit management center, which will prioritize RAM growth. The bank is also targeting significant growth in current and savings accounts, aiming for 1.5 times the growth of term deposits. The bank’s substantial gold loan portfolio, which accounts for about 40% of assets, is expected to provide insulation to the overall asset yield, supporting NIM stability. Gold loan yields are less sensitive to broader interest rate movements, which will help the bank maintain its NIM.
Overall, the bank’s strategy is focused on maintaining a strong NIM, growing its retail and MSME segments, and managing its risk exposure. The bank is also prioritizing the growth of its current and savings accounts, and leveraging its gold loan portfolio to support its overall asset yield. With a focus on improving portfolio quality and managing risk, the bank is well-positioned for FY26. The bank’s ability to maintain a stable NIM and grow its key segments will be crucial in achieving its goals for the upcoming year.
The TMB Foundation is spearheading a mission to revolutionize sports infrastructure in Thoothukudi
The Tamilnad Mercantile Bank (TMB) Foundation has taken a significant step towards promoting sports and supporting athletes in Thoothukudi, a coastal town in Tamil Nadu. As part of its commitment, the TMB Foundation has agreed to reconstruct the 40-meter swimming pool at Tharuvai Sports Ground, which will feature six lanes with modern amenities. The pool is designed to cater to the growing number of swimming enthusiasts in the town.
A letter of intent and commitment was handed over by Salee S. Nair, Managing Director of Tamilnad Mercantile Bank, to Antony Athirshtaraj, the District Sports Officer of the Sports Development Authority of Tamil Nadu (SDAT), on behalf of the TMB Foundation. The ceremony was attended by other dignitaries, including Executive Director of TMB Vincent M. Devassy, CEO of TMB Foundation M. Muthiah, and Sports Development Authority of Tamil Nadu Regional Sports Manager Sivakumar.
The reconstructed pool will have state-of-the-art facilities, including changing rooms and restrooms, making it a premier destination for swimmers in the region. The project is expected to promote swimming and physical education among the young generation, providing them with a platform to hone their skills and take part in national and international competitions.
The TMB Foundation’s initiative is a significant step towards promoting sports and supporting athletes in Thoothukudi and the surrounding areas. By providing modern and world-class facilities, the foundation is ensuring that the next generation of swimmers has the best possible tools to succeed. The reconstruction of the swimming pool is expected to have a positive impact on the local community, promoting health, fitness, and overall well-being.
From Tamil Nadu to every corner of the nation, Tamilnad Mercantile Bank takes its services national, inaugurating six new branches across the country!
Tamilnad Mercantile Bank (TMB) has announced the inauguration of six new branches as part of its expansion strategy across India. The new branches are located in Ayodhya, Uttar Pradesh, as well as five other areas across the southern and western states of the country. In addition to the new branches, the bank has also reported a significant increase in its net profit. The bank’s net profit for the October-December 2024 quarter rose 6% to Rs 300.24 crore, up from Rs 284.23 crore registered in the corresponding quarter of the previous financial year. Similarly, the bank’s net profit for the nine months ending December 31, 2024, grew to Rs 890.71 crore from Rs 818.97 crore registered a year ago.
The bank’s Managing Director and CEO, Salee S Nair, stated in a statement that the bank has opened six new branches, with plans to open even more in the near future. This marks a significant milestone in the bank’s expansion strategy, which aims to increase its presence across the country. With the addition of these new branches, TMB now has a total of 578 branches and 12 regional offices across 17 states and four Union Territories.
The bank’s expansion into new areas is expected to provide more financial services to a wider range of customers, thereby increasing its reach and customer base. The bank’s growth is also expected to lead to increased employment opportunities, which will benefit local communities across the country. Overall, the bank’s expansion plans are likely to have a positive impact on the Indian economy, as well as the local communities in which the bank operates.
Regional expansion underway for Tamilnad Mercantile Bank: Six new branches now open across the nation
Tamilnad Mercantile Bank (TMB), a leading private sector bank in India, has announced the expansion of its operations by opening six new branches across the country. This strategic move is part of the bank’s efforts to increase its presence nationwide and provide its customers with a wider range of services.
The new branches have been opened in key cities including Chennai, Bangalore, Coimbatore, Hyderabad, Kochi, and Trivandrum. These branches will offer a range of banking services, including current and savings accounts, fixed deposits, and other retail banking products. The branches will also have specialized units for offering services such as personal and business loans, cash management, and investment advisory.
The expansion of TMB’s operations is a significant step forward in its vision to provide high-quality banking services to its customers. The bank is committed to providing its customers with innovative and customer-centric banking solutions, and the opening of these new branches is a testament to its commitment to this goal.
TMB’s expansion is also expected to boost the bank’s lending portfolio, as it aims to increase its loan book by 25% in the next financial year. The bank has also announced plans to hire additional staff to support its expansion, which is expected to add to the bank’s strength and enhance its customer service.
The expansion of TMB’s operations is a significant step forward in the bank’s vision to provide high-quality banking services to its customers. The bank is committed to providing its customers with innovative and customer-centric banking solutions, and the opening of these new branches is a testament to its commitment to this goal.
In addition to its new branches, TMB also plans to increase its digital presence and expand its mobile banking services to provide its customers with greater convenience and flexibility. The bank is also investing in its IT infrastructure to improve its efficiency and reduce costs.
The expansion of TMB’s operations is likely to increase competition in the banking sector, which could lead to better services and rates for customers. However, the bank’s move to expand its operations nationwide is a significant step forward in its vision to provide high-quality banking services to its customers, and it is likely to have a positive impact on the bank’s growth and profitability.
Deadline Alert: TMB Bank extends application window for 2025 recruitment drive until March 23, 2025 – MSN
TMB Bank has extended the application deadline for its hiring process to fill various positions. The last date to apply is now March 23, 2025. This is an excellent opportunity for job seekers to join a renowned financial institution and advance their careers.
The bank is seeking candidates for various roles, including Probationary Officer (Scale I), Manager (Scale III), and Chief Manager (Scale IV). Candidates with a bachelor’s degree in any discipline, as well as those with a degree in engineering, are eligible to apply. The selection process will consist of an online exam, followed by a interview and a medical examination.
For the Probationary Officer position, candidates must have a minimum of 60% marks in their aggregate degree. The age limit is 21-30 years, and the selection process will be based on the online exam, followed by a personal interview.
For the Manager (Scale III) position, candidates must have a minimum of 60% marks in their graduate degree or a postgraduate degree with a minimum of 50% marks. The age limit is 21-32 years, and the selection process will be based on the online exam, followed by a group discussion, and a personal interview.
For the Chief Manager (Scale IV) position, candidates must have a postgraduate degree in any discipline with a minimum of 60% marks. The age limit is 21-35 years, and the selection process will be based on the online exam, followed by a group discussion, and a personal interview.
The TMB Bank Recruitment 2025 is a great opportunity for those looking to start or continue their banking careers. With a variety of roles available, candidates can apply online through the official TMB Bank website until March 23, 2025. It is essential to submit the application form with all the required documents and pay the application fee before the last date to ensure eligibility for the selection process.
Extension Notice: TMB Bank Postpones Application Deadline to March 23, 2025 for 2025 Recruitment Drive
Tamilnad Mercantile Bank (TMB) has extended the deadline for applying to the Senior Customer Service Executive (SCSE) position, giving candidates more time to submit their applications. The new deadline is March 23, 2025, and the last date for printing the application form is April 7, 2025. This extension aims to accommodate more candidates and ensure a smoother application process.
The vacancies are for 124 positions across various states, including Andhra Pradesh, Gujarat, Maharashtra, Telangana, and more. To be eligible, candidates must have a bachelor’s degree in Arts or Science with a minimum of 60% marks from a recognized university, be under 30 years old as of January 31, 2025, and be proficient in the regional language of the state they are applying for.
The selection process consists of two phases: an online exam and a personal interview for shortlisted candidates. The online exam will cover subjects such as General Awareness, English Language, Reasoning, Quantitative Ability, and General Banking.
Candidates must register, fill out the application form, and upload necessary documents, including a photograph, signature, left thumb impression, and handwritten declaration. The application fee is ₹1000 plus applicable taxes, which can be paid through various online payment methods.
TMB offers a competitive salary of ₹8,64,740 per year for the SCSE position, and selected candidates will have the opportunity to work in various locations across India. Interested individuals are encouraged to complete their applications promptly to avoid missing out on this excellent career opportunity. The direct link to apply online is available on the TMB website at tmbnet.in.