March 15, 2011

Tamilnad Mercantile Bank Limited

Tamilnad Mercantile Bank AGM in January 2016- IPO To be Discussed

Last AGM was g held in January 2011.

After 5 years , pending 6 AGM s ( 88th to 93 ) to be held on a single day in January 2016.

12 Agendas includes (1) Rights Issue (2) IPO.

Please Click :-


May 16, 2016

Tamilnad Mercantile Bank Bonus ( 500:1 ) 25 /05/2016- Record Date

Bonus in the ratio of 500 shares for every one share ( Rs.10 paid up ) held on Record Date

Record date : Wednesday, 25 th May , 2016

old post 

Tamilnad Mercantile Bank Limited 

Eq Sh Capital Rs 27 lakh

Reserves Rs 1200 cr

Face Value :Rs. 10

Share Certificate Lot : 1

Book Value Rs. 45000

 EPS Rs.6700.

The history of Tamilnad Mercantile Bank Ltd., the then Nadar Bank Ltd., dates back to 1921. The thought of establishing a bank under the guidance of the able Nadarbusiness community was mooted out in the Anniversary of Nadar Mahajana Sangam held at Tuticorin in 1920. The proposal was effected soon. The bank was registered on May 11, 1921 as “The Nadar Bank Ltd”.

A group of dedicated men with shrewd acumen and sound integrity had been constituted as Board of Directors and they elected Shri M.V. Shanmugavel Nadar as Chairman on Nov 04, 1921. The bank was opened by Shri T.V. Balagurusamy Nadar, the then President of the Nadar Mahajana Sangam and the bank threw open its door to the public on Nov 11, 1921 at 9am in Ana Mavanna Building at South Raja Street, Tuticorin. The bank was having only 4 branches until the year 1947 at Tuticorin,Madurai, Sivakasi and Virudhunagar. The bank had also a branch at Colombo in the year 1937 and the same was closed in the year 1939. The bank has now 505 full fledged branches all over India, 12 Regional Offices, 11 Extension Counters, 6 Central Processing Centres, 1 Service Branch, 4 Currency Chests and 1062 Automated Teller Machines. All the 505 branches are computerised and interconnected. The first branch outside the State of Tamilnadu was opened in the year 1976 at Bangalore. The first fully computerized branch was opened at WGC Road, Tuticorin on Dec 09, 1984. The bank had established its first currency chest in 1993 at Madurai & has industrial finance branches at Coimbatore, Chennai and Secunderabad. The Bank has launchedATM Card from Nov 11, 2003.



For further study , please click the following links :-


We are selling shares of Tamilnad Mercantile Bank at Rs 62500 per share. Very ltd quantity
If interested

email at


Please , also , read :-

January 31, 2016

Information Circulated in Good Faith ( as received from a Blog Reader  ). Please recheck every fact . No responsibility with this Blog / Blog Writer 


Don Quixote said...

Its quoted in the article - This was in 2009.

“The bank’s shares are currently selling for around Rs24,000 apiece,” said Narottam Dharawat, a dealer in illiquid shares.

Can the seller lets us know if he is anyway related to the person quoted in the article.

Anonymous said...

I am the seller and the person quoted in the article. We had recommended strong buy on TMB at Rs 20000 about a year back. Still we are recommending strong buy with target of Rs 2-3 lakh in next 2 years...

Sagar said...

Oswal Agro Mills' board approves joint development agreement With Oswal Chemicals & Fertilizers The board of Oswal Agro Mills in its meeting on 23 December 2010 has approved the joint development agreement with Oswal Chemicals & Fertilizers for the development of residential and commercial complex at Chembur, Mumbai.

Manish said...


Manish -9958006642

Anonymous said...

buying TNMB share
What's the best quote? Also looking at other unlisted shares like RBL.

Kunal 9029003261

Imtiaz Ahmed said...

Any idea on the current value of Tamil Nadu Mercantile Bank Limited have around 700 shares for sale. I have multiple shares for sale any best Bid Quote?

Please call me for a discussion. Imtiaz Ahmed 9448022340

Anonymous said...

I'm sorry about the Typo error this is for Mercantile Ventures Limited. Any one interested? Imtiaz Ahmed 9448022340

Unknown said...
This comment has been removed by the author.
knowledge is knowledge when it is applicable said...

Wanna sell TMB IF INTRESTED PLEASE CALL 9655633000