From the CEO's Desk

• Msg. from the Chairman
• From the CEO's Desk
• Knowing TMB
• Management
• Computerization
• Foreign Exchange
• Financial Highlights
• Future Vision

It gives me immense pleasure in heading the esteemed institution Tamilnad Mercantile Bank Ltd which has been serving the people for the past 86 years with dedication and total customer focus. The delight in the faces of our customers is our reward and it has brought long lasting relationship with them and made us their partners in progress.

The performance highlights of the Bank during the year 2005-2006 will be found elsewhere in the Profile. The commendable improvement in all the parameters has been made possible by the untiring contributions of the workforce and unwavering support of the customers.

Tamilnad Mercantile Bank Ltd gives you the unbeatable advantage of availing finance under one roof. Rates offered are competitive and schemes are tailor made to suit your requirements. With such a proven track record, committed and dedicated workforce, innovative value added products, unmatched experience we can fulfill and provide practical solutions to meet your needs. We have a clear combination of business strategy and workforce strategy to encounter the real challenges confronting us in the competitive world.

The bank has 200 branches spread all over the country. All the branches have been networked with a centralized core banking solution FINACLE. The International Banking Division of the Bank at Chennai monitors the bank's foreign exchange transactions through its 28 designated branches all over the country.

The bank had installed 23 onsite ATMs and 18 offsite ATMs. The bank has become a member of National Financial Switch (NFS) network of Institute for Development and Research in Banking Technology (IDRBT). The NFS has facilitated ATM transaction services among the ATMs of 23 member banks including our Bank.

RBI has accorded permission to open 20 branches, 31 offsite ATMs and 6 service branches / Centralised Processing centres all over the country. The centres opted for housing the 20 branches are located at semi-urban / rural / under banked areas. Steps are being initiated to open the branches within the financial year 2006-2007.

As a value added service the bank has introduced RTGS facility in the name of Any Bank / Branch Money Transfer and our branches are offering this facility to the customers effectively.

With the new and improved initiatives, constant innovation and upgradation Tamilnad Mercantile Bank Ltd is looking for a bright and busy future with renewed hope and determination. Tamilnad Mercantile Bank Ltd dedicates itself with redoubled vigour to the service of the people and country.

Performance During The Year 2006-2007:

I am happy to share with you the good performance of our Bank for the year ended March 31, 2007. The Bank successfully added several milestones during the last year and crossed the business level of Rs.10000 crore landmark. The growth rate of advances is 29.46% which is more than the Banking Industrial Average Growth of 28%. The Bank is able to retain its Market Share in total business and improved its Market Share in advances among all other Scheduled Commercial banks in India. It is a matter of great satisfaction that the Bank has maintained the pace and tempo of growth in many parameters and is emerging strong and also scaling new heights of all round performance.

More details about the Performance Highlights can be found here.

G. Narayana Moorthy