Tamilnad Mercantile Bank Ltd awarded with the Best Bank award among all small banks in India by Business Today - KPMG

TMB has bagged the Best Small Bank award in the Best Banks survey for the year 2022 done by Business Today-KPMG (BT-KPMG Best banks survey). The bank has won this award under the category of banks with the book size of less than Rs.1 lac crore. The BT-KPMG is conducting this survey and awarding the best banks for the past 27 years with 37 parameters for declaring a bank as an awardee. TMB has shown its performance to come up as topper in the respective category.

In the function held at Mumbai, on 13th January, 2023, bank's MD & CEO Shri.S.Krishnan, has received this award from the Honourable Union Minister Shri.Nitin Gadkari. In the award ceremony, Honourable Union Minister of State for Finance Shri. Bhagwat Kishanrao Karad and Respected RBI Governor Shri.Shaktikanta Das, appreciated the bankers who have bagged the awards.

Earlier, MD & CEO, Shri.S.Krishnan shared his views in the panel discussion on the topic, "Discussing Banking and Fintech: A New Partnership" held in the function.

On the receipt of this award, MD & CEO of the Bank, Shri.S.Krishnan has made a remark as, "On this fabulous occasion, I share the happiness and dedicate this award to all the stakeholders of our bank. Besides the happiness, this award imposes us to redouble our efforts in the coming years to sustain the same."

Tamilnad Mercantile Bank Limited (TMB), one of the renowned Old Private Sector Banks having its Head Quarter in Thoothukudi, Tamilnadu has a long cherished history of 100+ years of eventful existence with strong fundamentals and an enviable track record of continuous profit making in the industry. TMB is having pan India presence with 511 branches and 12 Regional Offices across 16 states and 4 Union Territories serves more than 5 million delighted customers.

Shares of Tamilnad Mercantile Bank Limited was last trading in BSE at Rs. 476.75 as compared to the previous close of Rs. 479.65. The total number of shares traded during the day was 1501 in over 221 trades.

The stock hit an intraday high of Rs. 480.85 and intraday low of 476.00. The net turnover during the day was Rs. 717970.00.

Source : Equity Bulls

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TamilnadMercantileBank INE668A01016 TMB PrivateBank Award BestSmallBank BusinessTodayKPMG