Tamilnad Mercantile Bank Ltd. Company History and Annual Growth Details

YEAR EVENTS

2001 - Tamilnad Mercantile Bank has launched a special deposit scheme for senior
citizens. Under the scheme, the interest rate on the deposits accepted from
senior citizens would be 0.50 per cent over the normal interest rate.

2005

-TMB forges alliance with HDFC Bank

-TMB launches new overdraft scheme for pensioners

2006

-TMB unveils new loan scheme

2009

- Tamilnadu Mercantile Bank (TMB) and United India Insurance Company Ltd (UIICL) inked a bancassurance agreement where the bank will market the products of the insurance company through its 215 branches across the country.

2022

- Launching Insurance Products with new Tie-up arrangement with M/s.Bajaj Allianz Life Insurance Company Ltd

-Launching Insurance Products with new Tie-up arrangements with M/s.Max Life Insurance Company Limited and M/s.Cholamandalam MS General Insurance Company Ltd.

2023

-Tamilnad Mercantile Bank Limited has been awarded with the Best Bank award among all small banks in India by Business Today - KPMG

2025

-Tamilnad Mercantile Bank strengthens services for NRI customers with the launch of Global NRI Center

-TMB Launches New Digital Platform (Finnone Neo) to Make Loan Processing and Approvals Faster and Simpler for Customers

-TMB Launches Online EPF Payment Facility

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