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As On 31-Mar-2023 EOD, Market Closed
SENSEX
58,991.52
1,031.43 (1.78%)
NIFTY
17,359.75
279.05 (1.63%)
    No Companies Visited
A A A

Tamilnad Mercantile Bank Limited was incorporated in the name of Nadar Bank Limited' on May 11, 1921 at Thoothukudi, Tamil Nadu as a limited company under Indian Companies Act, 1913 pursuant to a certificate of incorporation issued by the erstwhile Assistant Registrar of Joint Stock, Palamcottah.. Subsequently, name of the Bank was changed to Tamilnad Mercantile Bank Limited', with effect from November 27, 1962, pursuant to a letter of approval from the Government of India dated November 14, 1962 and a fresh certificate of incorporation dated July 17, 1968 was issued by the Assistant Registrar of Companies, Madras.

On November 11, 1921, the Bank commenced business at Thoothukudi, in Tamil Nadu. In 1933, it acquired its first property at Beach Road, Thoothukudi, in Tamil Nadu. On May 11, 1935, it was included in the second schedule to the Reserve Bank of India Act, 1934. It was granted the licence to carry on banking business in India by RBI on November 20, 1962. It opened a a rural branch at Vilathikulam, Tamil Nadu in 1968. In 1993, it was registered as Category-1 Merchant Bankers with SEBI and opened first currency chest at Madurai Branch.

The Bank was granted licence to deal in foreign exchange in 1999. It launched first ATM, christened as TMB Surabhi, in Chennai in 2004. In 2005, it launched first insurance linked deposit scheme, christened as Siranjeevee Recurring Deposit. It launched SMS banking services and internet banking facilities, christened as TMB E-Connect in 2008. It launched mobile banking facilities in 2012. It signed an agreement for the issuance of PAN cards in 2014.


The Bank was recognized as the 'Best Performing Bank' by Pension Fund Regulatory and Development Authority of India for outstanding performance under the 'Atal Pension Yojana' for the period 2020-2021. As of June 30, 2021, the Bank had 509 branches, of which 106 branches were in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. It built a strong presence in the state of Tamil Nadu, with 369 branches and 941 automated teller machines (ATMs) and 238 cash recycler machines (CRMs). The Bank offer a wide range of banking and financial services primarily to micro, small and medium enterprises (MSME), agricultural and retail customers, operating in manufacturing, trading and services sector.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

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Flash News 31-Mar-2023
  •  ( 15:48) IT shares outperform  
  •  ( 15:48) Sensex surges 1,031 pts, Nifty ends above 17,350 mark  
  •  ( 13:55) UK GDP rises by 0.1% in Q4 of 2022: ONS  
  •  ( 13:55) French consumer prices rise by 5.6% YoY in March 2023: INSEE  
  •  ( 13:55) German retail turnover falls by 1.3% in February 2023 over previous month: Destatis  
  •  ( 13:43) Westlife Food arm to pay 4.5% royalty to McDonalds  
  •  ( 13:39) Nifty hovers above 17,300; European shares advance  
  •  ( 13:25) Lupin gets USFDA nod for Hepatitis B virus drug  
  •  ( 13:12) Maharashtra Seamless bags order worth Rs 537 cr from ONGC  
  •  ( 13:10) Tejas Network appoints Anand Athreya as CEO and MD  
  •  ( 12:47) L&T construction arm bags significant orders for PT&D biz  
  •  ( 12:10) Tata Power reappoints Praveer Sinha as CEO and MD for 4 years  
  •  ( 12:05) HAL rises on receiving income tax refund of Rs 791 cr  
  •  ( 11:34) IT shares in demand  
  •  ( 11:34) Barometers trade near the day's high  
  •  ( 11:17) Hero Motocorp appoints Niranjan Gupta as CEO  
  •  ( 11:17) Garden Reach Shipbuilders bags order from MoD for Rs 3,500 cr  
  •  ( 11:11) RVNL bags LoA from Ministry of Railways  
  •  ( 11:09) JSW Steel bags coal mine blocks in Chhattisgarh & Jharkhand  
  •  ( 10:44) Bharat Dynamics bags orders from Defense Ministry  
  •  ( 10:43) RIL initiates process to demerge finserv biz  
  •  ( 10:21) PNB divests entire holding in ARCIL, to raise upto Rs 12,000 cr via bonds  
  •  ( 10:11) Alembic Pharma gets USFDA nod for hypertension drug  
  •  ( 09:49) Spandana Sphoorty board to mull fund raising via NCDs  
  •  ( 09:43) BEL bags orders worth Rs 8194 cr from MoD  
  •  ( 09:37) G R Infra bags LoAs from NHAI  
  •  ( 09:27) Lupin's Pithampur unit gets 10 USFDA observations  
  •  ( 08:45) Va Tech Wabag JV bags desalination project in Chennai  
Show News
31 March 2023 00:00
2761.65
(-0.27 %)
858.45
(1.83 %)
5615.40
(-0.24 %)
1266.35
(1.69 %)
749.00
(0.75 %)
2627.35
(0.95 %)
1086.20
(1.81 %)
1609.75
(1.34 %)
2558.75
(1.20 %)
877.20
(3.08 %)
1068.15
(1.06 %)
1427.70
(3.19 %)
383.45
(0.24 %)
1733.50
(0.74 %)
2164.75
(0.83 %)
1158.55
(1.21 %)
8292.65
(0.04 %)
19691.85
(3.30 %)
175.25
(0.69 %)
225.70
(1.46 %)
2331.05
(4.29 %)
523.70
(1.42 %)
983.10
(-0.77 %)
420.60
(2.80 %)
104.50
(0.87 %)
3205.80
(2.16 %)
1101.85
(1.91 %)
2515.10
(-0.05 %)
7620.00
(0.66 %)
365.30
(1.80 %)
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