Tamilnad Mercantile Bank Share price

The Bank was incorporated in the name of ‘Nadar Bank Limited’ on May 11 1921 at Thoothukudi Tamil Nadu as a limited company under the Indian Companies Act 1913 pursuant to a certificate of incorporation issued by the erstwhile Assistant Registrar of Joint Stock Companies Palamcottah. the Bank commenced its business on November 11 1921 at Thoothukudi Tamil Nadu. Subsequently the 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 (Letter No. F4/21/M.13/1962) and a fresh certificate of incorporation dated July 17 1968 was issued by the Assistant Registrar of Companies Madras. the Bank was included in the second schedule to the Reserve Bank of India Act 1934 on May 11 1935. The RBI pursuant to its notification dated January 3 1963 passed directions for the alteration of the name of the Bank from ‘Nadar Bank Limited’ to ‘Tamilnad Mercantile Bank Limited’ in the Second Schedule of the RBI Act. The Bank was granted the licence to carry on banking business in India by RBI on November 20 1962. The license wassubsequently amended on February 14 1963 consequent to the change in the name of the Bank.Major events and milestones :1921- The Bank was incorporated as Nadar Bank Limited1933- The Bank acquired its first property at Beach Road Thoothukudi Tamil Nadu1946- The Bank celebrated its silver jubilee1962- The Bank changed its name to Tamilnad Mercantile Bank Limited1968- The Bank opened a rural branch at Vilathikulam Tamil Nadu1971- The Bank celebrated its golden jubilee1993- The Bank registered as Category-1 Merchant Bankers with SEBI- The Bank opened its first currency chest at the Madurai branch1997- The Bank celebrated its platinum jubilee1999- The Bank granted licence to deal in foreign exchange2004- The Bank launched the first ATM christened as TMB Surabhi in Chennai2005- The Bank launched its first insurance linked deposit scheme christened as Siranjeevee Recurring Deposit2008- The Bank launched SMS banking services- The Bank launched its internet banking facilities christened as TMB E-Connect2012- The Bank launched its mobile banking facilities2014- The Bank entered into an agreement for the issuance of PAN cards2021- The Bank was recognized as the “Best Performing Bank” by Pension Fund Regulatory and Development Authority of India for the outstanding performance under the Atal Pension Yojana for the period 2020-2021Key awards accreditations and recognition :2011- The Bank was ranked first amongst old private sector banks at the “Financial Express – India’s Best Banks Awards” for the Fiscal 2011-122012- The Bank was rated as the best bank in priority sector and the second-best bank in efficiency and profitability at the “Sunday Standard FINWIZ Best Bankers’ Awards 2012”- The Bank was awarded the “SFBC Kerala Banking Excellence Award 2012” for being ranked as the third best bank in the private sector banks category by the State Forum of Bankers’ Club Kerala2013- The Bank was ranked second amongst old private sector banks at the “Financial Express – India’s Best Banks Awards” for the Fiscal 2013-14- The Bank was awarded the “Best Banker” award in the customer orientation and human resources categories at the “The Indian Express Sunday Standards Best Bankers Awards 2013”- The Bank was felicitated by the Life Insurance Corporation of India for achieving “100% Log In” on June 14 2013- The Bank was felicitated by the Life Insurance Corporation of India for “Outstanding Performance in Bancassurance” for the Fiscal 2012-13- The Bank was awarded the “SFBCK Banking Excellence Award 2013” for being ranked as the second-best bank at the national level in the private sector by State Forum of Bankers’ Club Kerala2014- The Bank was awarded the “Social Banking Excellence Award 2014” for being categorized as the winner in the private sector banks category by ASSOCHAM India2015- The Bank was awarded the “Social Banking Excellence Award 2015” for being recognized as the overall best social bank and for participation in government schemes in the small banks category by ASSOCHAM India- The Bank was recognized as the “Best Bank in Private Sector” by ABP News at their BFSI Awards 2015 on February 14 2015 and at the Lokmat BFSI Awards 2015 on July 24 2015- The Bank was awarded the “SFBCK Banking Excellence Award 2015” for being ranked as the third best bank at the national level in the private sector by State Forum of Bankers’ Club Kerala- The Bank was felicitated by the Life Insurance Corporation of India on completion of “Rs. 33.55 Crore First Premium” in the Fiscal 2015-16- The Bank was awarded the first prize at the “Tami Nadu SHG-BLP Awards 2014-15” organized by NABARD Chennai- The Bank was awarded for “Credit Quality” at the “Financial Express – India’s Best Banks Awards” for the Fiscal 2014-152016- The Bank was awarded the “Social Banking Excellence Award 2016” for being recognized as the overall best social bank and as the winner in agricultural banking in the small banks category by ASSOCHAM India- The Bank was awarded the “SFBCK Banking Excellence Award 2016” for being ranked as the third best bank at the national level in the private sector by State Forum of Bankers’ Club Kerala- The Bank was felicitated by the Life Insurance Corporation of India on completion of “Rs. 51.56 Crore First Premium” in the Fiscal 2016-172017- The Bank was recognized as the “Best Bank in Private Sector” by ABP News at their BFSI Awards 2017 on February 14 20172018- The Bank was awarded the “Social Banking Excellence Awards 2018” for being recognized as the overall best social bank and also as the winner in agricultural banking in the small banks category by ASSOCHAM India2019- The Bank was awarded the “BFSI Award for Digital Financial Inclusion” in the Governance Now 4th India Banking Reforms Conclave 2019 by BFSI May 29 20192021- The Bank was awarded the “12th SFBCK Banking Excellence Award 2020” for being ranked as the second-best bank at the national level in the old private sector category by State Forum of Bankers’ Club Kerala- The Bank was awarded the “South India Best Employer Brand Awards 2021” at the 16th Employer Branding Awards- The Bank was awarded the “Citizen’s Choice Award of Excellence” for the first half of Fiscal 2021-22 for being the best performing state coordinator by the Pension Fund Regulatory and Development Authority- The Bank was awarded the “Annual APY Award” for the Fiscal 2021-22 by the Pension Fund Regulatory and Development Authority- The Bank was felicitated by the Income Tax Department Madurai for being the “Top Taxpayer”.- The Bank was recognized as the “Second Best Performed Bank under Private Sector Category Banks” by State Forum of Bankers’ Club Kerala- The Bank recognized as the runner up in the “Best MSME Bank (Private Sector)” and the “Best Bank for Implementation of Covid related Government Schemes (Private Sector)” categories respectively at the “MSME Banking Excellence Awards 2021” by the Chamber of Indian Micro Small and Medium Enterprise