From the CEO's Desk

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

I am very happy to take charge as Managing Director and Chief Executive Officer of Tamilnad Mercantile Bank Ltd., and I value it as a great opportunity to get associated with the Institution. Tamilnad Mercantile Bank Ltd., has grown from strength to strength and touched the hearts of its customers with outstanding levels of professionalism and service. Since its inception the bank has been keeping customer focus not just as a business strategy but as a corporate mission. Customer orientation has become a culture in the bank for delivering quality service and delighting the customers by taking the extra mile and creating a memorable impression which has enabled the customers to extend their unwavering support to the Bank.

The Core Banking Solution "FINACLE" provides an integrated platform supporting all banking activities and has increased the number of touch points for customers for all segments through various delivery channels enabling our customers to avail any where & any time banking services in its true spirit.

The bank has recorded 199.27 billion rupees business in 2009-10 and targets 260 billion rupees in financial year 2010-11. Our bank's aim is to touch 500 billion rupees business by financial year 2013.

The bank has acheived profit after tax of around 1.85 billion rupees for the year ended 31 March 2010.

The bank currently has 216 branches, 11 extension counters, 147 own ATMs (93 Onsite and 54 Offsite) spreading its wings across 11 states and 2 union territories. The bank plans to add 35 new branches in this financial year. The bank also proposes to expand its branch network in Maharashtra, Delhi and Gujarat in addition to Tamilnadu and Andhra Pradesh. Now, as on June 2010, the Bank's customers can have access to 60672+ ATMs of 40 member banks of NFS (National Financial Switch).

In the present day competitive environment Tamilnad Mercantile Bank Ltd., realizes the importance of supporting its customers in their business by developing innovative products etc., properly. With the best of the technology and committed workforce the bank is poised for an excellent growth in the current year taking the opportunities available in the country. The bank's focus would be on retail and micro, small & medium industries as they are the sunrise sectors which would contribute a major share to the economy of the country. Likewise the bank also has taken conscious decision to increase CASA deposits so as to reduce the cost of funds which is very vital for supporting the customers at competitive rate of interest. The bank will continue to have a planned strategy to strengthen its position and rededicate itself to the service of the customers, people at large and the country.

With Best Wishes.

G.Nagamal Reddy
Managing Director & CEO