Tamilnad Mercantile Bank IFSC code, MICR code, Address

Tamilnad Mercantile Bank branch details in India

Last Updated 26th Nov 2016
  • Tamilnad Mercantile Bank has 241 branches across India spread over 17 states and union territories.
  • Tamil Nadu state, with 172 branches has the largest number of Tamilnad Mercantile Bank branches in India followed by Maharashtra state with 17 branches and Andhra Pradesh state with 13 branches.
  • Statewise distribution of Tamilnad Mercantile Bank branches in India is as below. To find branch address, phone, IFSC code, MICR code of the branch that you are looking for, click on the state where the branch is located.

    About Tamilnad Mercantile Bank

    • Tamilnad Mercantile Bank is a Private Bank in India with 450 branches, 880 ATM's and 4,119 employees across the country.
    • Tamilnad Mercantile Bank's registered office is located at 57, V.E. Road, Tuticorin Tamilnadu-628002, India.
    • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 883 crs and Standalone net profit of Rs. 383 crs. Tamilnad Mercantile Bank reported total deposits of Rs. 25,650 crs and total advances of Rs. 19,336 crs.
    • Tamilnad Mercantile Bank's management is led by its CEO Mr. K B Nagendra Murthy.
    • Highest fixed deposit interest offered by Tamilnad Mercantile Bank is 7.15% per annum on deposits.
    • Its current Base Rate is 10.40%, which was last revised on 15th Oct 15.
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News - Dec 2016
01st Sep 16 Tamilnad Mercantile Bank has reduced its MCLR from 1st September, 2016
Tamilnad Mercantile Bank has reduced its Marginal Cost Based Lending Rate (MCLR) by 10 basis point (bps) across maturities. The 1 year MCLR has been reduced to 10.15 percent from the current rate of 10.25 percent. The 3 month and 6 month MCLR has been reduced to 10.05 percent and 10.10 percent respectively. Similarly the Overnight MCLR has been reduced to 9.9 percent. These changes are effective from 1st September, 2016. The interest rates of home loans that have been disbursed after 1st April 2016 are linked to 1 year MCLR.
19th Feb 16 Daimler India signs MoU with Tamilnad Mercantile Bank
Daimler India Commercial Vehicles signed a MoU with TMB to provide tailor-made financing packages to customers across the country for modern BharatBenz trucks and buses
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