Tamilnadu Mercantile Bank Limited – Reserve Bank of India Tamil News: Tamil Nadu Mercantile Bank is headquartered in Thoothukudi. This bank is currently authorized by the Reserve Bank of India to carry out business related to the Tamil Nadu government sector. In this regard, S. Krishnan, Managing Director and Chief Executive Officer of Tamilnadu Mercantile Bank said as follows:-
50 lakh customers
Tamil Nadu Mercantile Bank has been building a commendable history of customer service for over 100 years and its principles and standards. It is still profitable. The bank is providing comprehensive services to around 50 lakh customers through 509 branches and 12 regional offices in 16 states, 4 union territories across India.
RBI approval
Tamil Nadu Mercantile Bank is also listed on the Stock Exchange. Since then the bank is once again taking new dimensions in its service plans and expansion activities across the country as its visionary plan. Currently, the Reserve Bank of India has authorized Tamil Nadu Mercantile Bank as an agent bank for handling government sector business activities. I am pleased to inform all the shareholders of the Bank.
He said this.
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