Plan To Open More Branches Across Country: Tamilnad Mercantile Bank Chief

Private sector lender Tamilnad Mercantile Bank Ltd (TMB) has drawn up plans to strengthen itself by opening up additional branches across the country in the near future, said a top official of the bank today.

The over-a-century old bank recently inaugurated its 510 and 511th branches in Chennai and Salem respectively.

“Upon being listed on the stock exchanges, Tamilnad Mercantile Bank Ltd is back to enrich our vision in expanding the network pan-India. The bank has opened its 510th and 511th new branches in Tamil Nadu. We have plans to also open many more in the near future…,” said managing director and CEO of the bank S Krishnan in a statement.

The Tamil Nadu-based bank currently has presence across 16 States and four Union Territories and serves over 5 million customers.

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