Tamilnad Mercantile Bank (TMB) pre-IPO shares

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TMB private sector bank

Tamilnad Mercantile Bank (TMB) is a leading private sector based in South India. The bank has 509 full fledged branches all over India, 12 Regional Offices, 11 Extension Counters, 6 Central Processing Centres, 1 Service Branch, 4 Currency Chests and 1135 Automated Teller Machines. Due to its strong financial performance, the bank is often referred to as HDFC Bank of South India.

For buying shares of Tamilnad Mercantile Bank (TMB) or any other companies, please call on 8108303330 

Tamilnad Mercantile Bank (TMB) is one of the very few banks having very high reserve base and its earnings per share remains the highest. It is the only bank in India declaring consistently higher rate of dividend to its shareholders from the very beginning.  Tamilnad Mercantile Bank has proposed to expand its network in 27 new centres in the year ending 31 March 2020.

The history of Tamilnad Mercantile Bank Ltd., the then Nadar Bank Ltd., dates back to 1921. The thought of establishing a bank under the guidance of the able Nadar business community was mooted out in the Anniversary of Nadar Mahajana Sangam held at Tuticorin in 1920. The bank was registered on May 11, 1921 as “The Nadar Bank Ltd”.  The bank is having the record as the first private sector bank in India to introduce massive computerization for branch level operations. It adopted modernization, as early in the year 1983. TMB Ltd. is an unlisted company with its share holders being the privileged few. The fair value of each equity share of the Bank has been arrived at Rs 300.

 

 

Thiru S. Annamalai
Thiru K.V. Rama Moorthy
Thiru S.R. Ashok
Tmt. S. Ezhil Jothi
Thiru N. Gopal
Thiru K. Nagarajan

 

Financial Performance Highlights

 

Parameter2018-192017-182016-172015-162014-152013-142012-13
Total BusinessRs. 61,624.19Rs. 56,197.05Rs. 54,162.47Rs. 52,946.58Rs. 44,986.00Rs. 39,790.00Rs. 36,480.00
DepositsRs. 35,136.25Rs. 32,428.33Rs. 32,190.15Rs. 30,368.87Rs. 25,650.00Rs. 22,646.00Rs. 20,224.00
AdvancesRs. 26,487.94Rs. 23,768.72Rs. 21,972.32Rs. 22,577.71Rs. 19,336.00Rs. 17,144.00Rs. 16,256.00
Forex TurnoverRs. 15,726.27Rs. 26,923.36Rs. 28,411.85Rs. 23,388.68Rs. 19,682.00Rs. 18,926.00Rs. 15,927.00
Net ProfitRs. 258.58Rs. 221.92Rs. 316.66Rs. 402.16Rs. 379.00Rs. 301.00Rs. 440.00
Operating ProfitRs. 884.24Rs. 1,005.99Rs. 875.63Rs. 725.49Rs. 607.00Rs. 613.00Rs. 690.00
  • All above figures are Rupees (Rs. ) in Crores.

Financial ratios

Parameter 2018-19 2017-18 2016-17 2015-16 2014-15 2013-14 2012-13
CASA 24.64% 25.32% 23.23% 19.40% 19.63% 19.02% 18.30%
Return on Equity 7.36% 6.70% 10.27% 14.39% 15.60% 14.02% 24.08%
Return on Assets 0.68% 0.59% 0.86% 1.23% 1.38% 1.19% 2.01%
Net Interest Margin 3.65% 3.61% 3.48% 3.52% 3.53% 3.87% 4.33%
Capital Adequacy Ratio (Basel II) 16.20% 14.86% 14.05% 12.78% 13.91% 15.73% 15.01%
Capital Adequacy Ratio (Basel III) 16.17% 14.83% 14.02% 12.76% 13.89% 15.59% N.A.
Gross NPA 4.32% 3.60% 2.91% 1.84% 1.63% 2.46% 1.31%
Net NPA 2.40% 2.16% 1.74% 0.89% 0.67% 1.22% 0.66%

Vision:

The vision of the Chairman and Board of Directors of the bank is to develop the bank into a much stronger bank with the higher level of modernization to handle the business volume. Noble thoughts and high ideas of the team of management charged with dynamic spirit of action will take the bank to a greater height, achieving growth in strength and exhibit the bank as a model bank in the Banking industry. To be a progressive bank with strong brand equity, enhancing value for all the stake holders through excellence in performance and good governance.

Recent developments:

TMB net up 16.5% at Rs 258 crore in FY2019 – The bank’s net profit rose by 16.52 per cent to Rs 258.58 crore during fiscal 2018-19, compared to the Rs 221.92 crore it clocked during the corresponding period of the previous fiscal. The bank achieved a total business of Rs 62,165.66 crore (up 10 per cent) in fiscal 2018-19, and is targeting to cross Rs 76,500 crore in the current fiscal.

Tamilnad mercantile bank share price is steadily rising since past several years as the private bank rewarded investors with regular dividend and bonus shares along with good fundamentals.

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