Axis Capital, Motilal Oswal Investment Advisors and SBI Capital Markets
Tamilnad Mercantile Bank Limited is one of the oldest and leading old private sector banks in India with a history of almost 100 years. They offer a wide range of banking and financial services primarily to micro, small and medium enterprises (“MSME”), agricultural and retail customers (“RAM”). As of June 30, 2021, they have 509 branches, of which 106 branches are in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. Its overall customer base is approximately 4.93 million as of June 30, 2021, and 3.45 million or 69.96% of their customers have associated with them for a period of more than five years and have contributed to Rs. 275,619 million or 67.02% to their deposits and Rs. 179,638.99 million or 57.56% to their advances portfolios as of June 2021.
For year/ period ended ( in Cr.)
|31 Mar 2021||31 Mar 2020||31 Mar 2019|
|Profit After Tax||654.04||464.89||294.61|