Tamilnad Mercantile Bank Limited, originally incorporated as Nadar Bank Limited in 1921, is a prominent banking institution based in Thoothukudi, Tamil Nadu. The bank rebranded in 1962 and currently provides an extensive range of banking and financial services, including retail, corporate banking, para-banking, treasury, and foreign exchange. It is particularly focused on micro, small, and medium enterprises (MSME), agricultural, and retail customers across various sectors.
As of 2023, Tamilnad Mercantile Bank operates 530 branches and has expanded its ATM and alternate delivery channel network to 1,149 ATMs and 324 cash recycler machines across 17 states and 4 union territories. It went public with an IPO in September 2022, listing its shares on both the BSE and NSE. The bank continues to strengthen its presence primarily in Tamil Nadu, emphasizing digital banking innovations like internet and mobile banking.
