Tamilnad Mercantile Bank Ltd.

Description

Tamilnad Mercantile Bank Ltd. operates as a commercial bank that provides banking products and services for businesses and individuals. The company offers personal accounts, current and savings accounts, fixed deposits, and recurring deposits; retail lending (retail loans/credits), such as personal loans, home loans, house rent loans, doctor loans, education loans, short term study loans, two wheeler loans, car loans, gold over drafts, initial public offering finance loans, pension loans, general credit cards, and India card credit cards; business accounts and debit cards; and business lending in the areas of trader/service loans, women entrepreneurs loans, mortgage loans, small and medium enterprises credit loans, tractor loans, mini vehicle loans, truck/lorry finance, banana cultivation loans, channel finance, genset finance, and rice mill loans. It also provides corporate business services, including real time gross settlement fund transfer services, national electronic fund transfer services, inter bank fund transfers services, electronic clearing services, speed clearing services, national commodity and derivatives exchange clearing services, treasury services, anywhere banking, bancassurance services, letter of credit services, E-Stamping, e-Tax payments, online bill payments, and mobile banking services; non-resident Indian accounts and foreign exchange banking services; and retail services. The company was formerly known as The Nadar Bank Ltd. and changed its name to Tamilnad Mercantile Bank Ltd. in November 1962. Tamilnad Mercantile Bank Ltd. was founded in 1921 and is based in Tuticorin, India with administrative offices/departments in Bengaluru, Chennai, Coimbatore, Podanur, Madurai, Hyderabad, Thoothukudi, Mumbai, Nagercoil, Thiruvananthapuram, Tiruchirappalli, and Tirunelveli, India.

Tags:

Finance and Corporate Banking Services, Retail Banking Loans, Individual Banking, Personal Loans, Corporate and Investment Banking Services