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Tamilnad Mercantile Bank Ltd Celebrates its 104th Foundation Day

Posted On : 2025-11-14 07:46:22( TIMEZONE : IST )

Tamilnad Mercantile Bank Limited celebrated its 104 th Foundation day on this day(11.11.2025) in a grand manner at AVM Kamalavel Mahal, Thoothukudi. The bank has invited Padma Shri. Dr. Mylswamy Annadurai, Moon Man of India, Former Director, ISRO as the Chief Guest for the function.

At the event,the MD & CEO, Shri S. Salee said key initiatives supporting this growth include launching of the Digital Engagement Hub (DEH) to provide over 200 online services and forming Digital Region aimed at rapid customer acquisition, underscoring the bank's commitment to innovation and digital transformation.

The Executive Director, Shri Vincent proudly announced the bank's achievement of crossing ₹1 Lakh Crore in total business and projected a strong growth rate, aiming for the ₹2 Lakh Crore mark in half the time it took for the last milestone.

The Former Director, Shri C.S. Rajendran, emphasized the bank's core strengths, which he attributed to its strong history and honest values. He praised TMB's remarkable achievement of maintaining profitability for over 100 years, stating this success is a clear result of effective teamwork and reflects the powerful, self-reliant spirit of the community that founded the bank.

The Independent Director (Part Time Chairman), Shri K Ramachandran highlighted TMB's stability and careful growth. He noted the bank's goal is to be accessible and affordable to everyone. He confirmed the bank is secure, and its growth is steady and transparent. He finished by calling customers the bank's "backbone" and asked them to help TMB grow more.

During the event, the chief guest, Padma Shri. Dr. Mylswamy Annadurai, Moon Man of India, Former Director, ISRO launched the new services of the Bank and also distributed prizes to the winners of various competitions conducted to the school / college students as a part of their 104th Foundation Day Celebrations.

Chief Guest Dr. Mylswamy Annadurai delivered an inspiring address, connecting the bank's stability to India's scientific progress.

Financial Literacy Focus: Dr. Annadurai stressed the critical need for the younger generation to embrace Financial Literacy, drawing parallels between TMB's focus on growth and his own disciplined approach forged during humble beginnings.

The Kulasekarapattinam Spaceport: He highlighted the strategic importance of the upcoming Spaceport at Kulasekarapattinam in the Thoothukudi region. He declared that this facility would transform the area into a global space hub, akin to Florida, due to its low-cost launch advantages.

Call for Partnership: Dr. Annadurai encouraged TMB to seize the opportunity by partnering with the emerging wave of local Space Startups and MSMEs, aligning the bank's financial strength with the nation's technological ambition.

- As a part of the celebration, the Bank has carried out many social welfare activities on this day.

- Conducted various Blood Donation camps and Eye camps at various locations including Thoothukudi. Around 1000 people were benefited through Blood donation & Eye Camp.

- The Bank has distributed the essentials items to various schools, orphanages, old age homes and to needy poor individuals for their livelihood.

- The Bank has conducted exclusive loan mela in Thoothukudi and three other Regions and sanctioned 143 numbers of loans to the tune of ₹128.15 crores to various beneficiaries on the occasion of Foundation Day celebration.

The Foundation day function was well organized and graced by MD&CEO, Board of Directors,Executive Director, Executive Vice Presidents, Chief Financial Officer, Founder Directors' family members, Business partners, Stake holders, Customers, Media friends, Various Dignatories, Staffs and their family members.

Shares of Tamilnad Mercantile Bank Limited was last trading in BSE at Rs. 500.30 as compared to the previous close of Rs. 506.00. The total number of shares traded during the day was 4509 in over 337 trades.

The stock hit an intraday high of Rs. 508.40 and intraday low of 499.80. The net turnover during the day was Rs. 2265444.00.