2017-10-03 :Tamilnad Mercantile Bank revises MCLR rates
Tamilnad MercantileBank has reduced its marginal cost based lending rate (MCLR) across all tenors. For overnight the rate has been revised to 8.90%, for one month maturities, the rate has been revised to 8.95%, while for three month and six month maturities the rate has been reduced to 9% and 9.05% respectively and for one year maturities, it is 9.15%. The new MCLR rates are effective from 1st October, 2017.
2017-05-20 :TMB rolls out its new credit card in association with Mastercard International
Tamilnad Mercantile Bank has introduced its new credit card in association with Mastercard International. Its Mastercard-powered credit cards will be introduced in two variants titanium and platinum. The titanium card can be availed by customers who have an annual gross income of Rs. 3 lakh and above and the platinum card can be availed against a minimum deposit of Rs. 50,000 for a minimum period of three years. The newly introduced credit card does not require annual fee and also provides free personal accident insurance of Rs. 5 lakh among other.
2016-09-01 :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.
2016-02-19 :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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