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.

TAMILNAD MERCANTILE BANK UNLISTED SHARES DETAILS:
Total Available Shares: 500+
Face Value: Rs 10 Per Equity Share
ISIN: INE668A01016
Corporate Identification Number – (CIN) U65110TN1921PLC001908
Lot Size: 100-500 Shares

Current Unlisted Share Price: Best in industry / market Per Equity Share

Financials
Particulars 2019 2018
Revenue 3638.79 3756.61
PAT 258.58 221.92
EPS 18.14 15.57
ROE 7.36% 6.70%
ROA 0.68% 0.59%
Face Value 10 10

Tamilnad Mercantile Bank Financial Highlights

Total business increased by 9.65 % as compared to last year
Capital Adequacy Ratio is 16.17% for the year 18-19
The bank had achieved a turnover of Rs. 15,726 crores in foreign exchange for the year ended March 2019.
Net Profit increased by 16.52% in fiscal 2018-19 as compared to last year
Deposits increased by 8.35% as compared to last year
Return on Equity is 7.36%
Return on Asset is 0.68%
CRISIL has given Rating – ‘CRISIL A1+’ to TMB

Board of Directors 

 

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%

Tamilnad Mercantile Product and Services:
Banking facility Anywhere Anytime
Mobile SMS Banking
Demat A/c Services
Processing Charges
Bill Payment Services
Smart Shoppers Visa Card
India Card Credit Card
Mutual Fund Marketing
RTGS, ECS & NEFT Service
U. Money Transfer
NCDEX Clearing
Citizen’s Charter
Compensation Policy
Mobile SMS Banking
Demat A/c Services
Processing Charges
Bill Payment Services

Deposit Schemes
Janatha Savings A/c
Cash Certificate
Pearl Deposit
Siranjeevee R. Deposit
Santhosh Deposit
Tax Saving Deposits
TMB Double Deposit
Fixed Deposit
Muthukkuvial Deposit
Navarathnamala
Deposit Interest Rates
Savings Bank A/c.
SB Premium A/c
Classic Salary SB A/c
Current A/c

Retail Loans Offered By The TMB
IPO Finance Loan
General Credit Card
Gold Over Draft
Pensioner Loan
Short Term Education Loan
Doctor Loan
Loan for Two Wheeler’s
Car Loan
Personal Loan
House Rent Loan

International Banking
Forex Services & Rates
Credit Facility for Export Forex Analysis
Facilities for students going abroad
Inward & Outward Remittances

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.

The bank has a tie-up agreement with a lot of reputed companies for selling Mutual fund products. Some of them are UTI Mutual Fund, Reliance Mutual Fund, ICICI Prudential Mutual, Birla Sun Life Mutual Fund. In addition to this, it also offers offline and online share trading with Religare Securities.

To provide enhanced facilities to the customers, the bank shifted its foreign exchange department from Tuticorin to Chennai. In south India, ASBA facilities were offered for the first time by TMB. It created an integrated Treasury and Foreign Exchange Operations Department with adequate infrastructure to handle trading in government securities, bonds, and Shares in addition to foreign exchange and derivative, etc.

Since TMB was a clearing bank for NCDEX and MCX, it entered the commodity futures market. TMB e-connect facility introduced a new concept of online deposit opening. The bank has tie-up arrangements with HDFC Bank (531 locations) as well as IDBI Bank (136 locations)

Tamilnad Mercantile bank is one of the strongest scheduled banks in south India. TMB is purely a private sector bank. K V Rama Moorty is the current MD & CEO of the bank. TMB is a nationalized bank. It received Financial Express – India’s Best Banks 2011 award.

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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