Tamilnad Mercantile Bank Ltd launches insurance products

Tamilnad Mercantile Bank Limited (TMB), one of the premier scheduled commercial Banks, with a view to offer customer-centric choices in every product, today launched the marketing of Life Insurance Products and General Insurance products under the tie-up arrangement with M/s. Max Life Insurance Company Limited and M/s. Cholamandalam MS General Insurance Company Limited respectively.

The dignitaries from the Insurance Companies and the Bank were present at the launching event. All the corporates have installed their engagement zones attracting the customers at the event.

S. Krishnan, MD & CEO, Tamilnad Mercantile Bank Limited (TMB) said, "On getting listed in the Stock Exchanges, Tamilnad Mercantile Bank Ltd., is back to enrich our vision in expanding the network PAN India, with added features in the products and services. We feel that this tie-up launching function is a momentous occasion for the Bank."

The Insurance Companies have shared their happiness at the event that they have entered with a glorious tie-up arrangement with a Bank which has its own long standing customer relationship for more than a century.

Shares of Tamilnad Mercantile Bank Limited was last trading in BSE at Rs. 509.15 as compared to the previous close of Rs. 510.00. The total number of shares traded during the day was 970 in over 157 trades.

The stock hit an intraday high of Rs. 512.05 and intraday low of 501.05. The net turnover during the day was Rs. 493919.00.

Source : Equity Bulls

Keywords

TamilnadMercantileBank INE668A01016 TMB PrivateBank InsuranceProducts GeneralInsurance LifeInsurance