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Tamilnad Mercantile Bank trades higher on reporting 12% rise in Q1 net profit Tamilnad Mercantile Bank is currently trading at Rs. 444.60, up by 5.55 points or 1.26% from its previous closing of Rs. 439.05 on the BSE. The scrip opened at Rs. 439.05 and has touched a high and low of Rs. 450.00 and Rs. 439.05 respectively. So far 1749 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 547.85 on 01-Dec-2022 and a 52 week low of Rs. 396.05 on 12-Apr-2023. Last one week high and low of the scrip...
Tamilnad Mercantile Bank trades higher on reporting 12% rise in Q1 net profit
Tamilnad Mercantile Bank trades higher on reporting 12% rise in Q1 net profit
Source: Accord Fintech
25/07/2023 11:08:59 AM
Tamilnad Mercantile Bank Announces Q1FY24 Results, Net Profit zooms by 11.5% Tamilnad Mercantile Bank Ltd (TMB) one of the renowned Old Private Sector Banks, having its Head Quarter in Thoothukudi 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 having pan India presence with 536 branches and 12 Regional Offices&nbs...
Tamilnad Mercantile Bank Announces Q1FY24 Results, Net Profit zooms by 11.5%
Tamilnad Mercantile Bank Announces Q1FY24 Results, Net Profit zooms by 11.5%
Source: PR Agency
24/07/2023 1:33:23 PM
Tamilnad Mercantile Bank posts Rs 279 crore net for Q3 The Tamilnad Mercantile Bank, one of India's oldest private banks, closed the third quarter of FY23 with a higher net profit of Rs 279.70 crore. The bank closed the quarter ended December 31, 2022 with a net interest income of Rs 534.27 crore (Q3FY22 Rs 452.76 crores) and an after tax profit of Rs 279.70 crore (Rs.202.88 crore), Managing Director S. Krishnan said. During the period under review, the bank's total income stood at Rs 1,172.88 crore down from Rs 1,213.36 crore earne...
Tamilnad Mercantile Bank posts Rs 279 crore net for Q3
Tamilnad Mercantile Bank posts Rs 279 crore net for Q3
Source: IANS
24/01/2023 10:18:26 AM
Tamilnad Mercantile Bank trades in green on entering into arrangement with Kotak Mahindra General Insurance Tamilnad Mercantile Bank is currently trading at Rs. 524.45, up by 6.55 points or 1.26% from its previous closing of Rs. 517.90 on the BSE. The scrip opened at Rs. 529.95 and has touched a high and low of Rs. 529.95 and Rs. 520.00 respectively. So far 1835 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 547.85 on 01-Dec-2022 and a 52 week low of Rs. 460.10 on 13-Oct-2022. Last one week high and low of the scrip...
Tamilnad Mercantile Bank trades in green on entering into arrangement with Kotak Mahindra General Insurance
Tamilnad Mercantile Bank trades in green on entering into arrangement with Kotak Mahindra General Insurance
Source: Accord Fintech
15/12/2022 11:11:46 AM
`Not all banks may opt to sell products of 27 insurers` Not all corporate insurance agents - banks and others - may sign up soon to distribute products of 27 insurers - nine each in life, general and health- said experts. Even when the Insurance Regulatory and Development Authority of India (IRDAI) had allowed the corporate agents to tie up with three insurers in each segment, not many had opted for that. "The nine tie ups in each sector were recently prescribed. We have distribution tie-ups with three life insurers and two general insu...
`Not all banks may opt to sell products of 27 insurers`
`Not all banks may opt to sell products of 27 insurers`
Source: IANS
10/12/2022 9:54:55 AM
Tamilnad Mercantile Bank rises on entering into corporate agency agreement with Bajaj Allianz Life Insurance Tamilnad Mercantile Bank is currently trading at Rs. 519.15, up by 4.40 points or 0.85% from its previous closing of Rs. 514.75 on the BSE. The scrip opened at Rs. 520.05 and has touched a high and low of Rs. 528.35 and Rs. 518.50 respectively. So far 2052 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 547.85 on 01-Dec-2022 and a 52 week low of Rs. 460.10 on 17-Oct-2022. Last one week high and low of the scrip...
Tamilnad Mercantile Bank rises on entering into corporate agency agreement with Bajaj Allianz Life Insurance
Tamilnad Mercantile Bank rises on entering into corporate agency agreement with Bajaj Allianz Life Insurance
Source: Accord Fintech
8/12/2022 10:58:18 AM
Tamilnad Mercantile Bank inches up on inking pact with two insurance companies Tamilnad Mercantile is currently trading at Rs. 507.50, up by 0.25 points or 0.05% from its previous closing of Rs. 507.25 on the BSE. The scrip opened at Rs. 505.90 and has touched a high and low of Rs. 510.00 and Rs. 505.20 respectively. So far 766 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 537.00 on 27-Oct-2022 and a 52 week low of Rs. 460.10 on 17-Oct-2022. Last one week high and low of the scrip stood...
Tamilnad Mercantile Bank inches up on inking pact with two insurance companies
Tamilnad Mercantile Bank inches up on inking pact with two insurance companies
Source: Accord Fintech
24/11/2022 10:57:37 AM
Tamilnad Mercantile Bank lists with discount of 3% on BSE Tamilnad Mercantile Bank has debuted at Rs 510.00 on the BSE, down by 15 points or 2.86% from its issue price of Rs 525. The scrip is currently trading at Rs 509.00, down by 16.00 points or 3.05% from its issue price. It has touched a high and low of Rs 519.00 and Rs 487.00 respectively. So far 0.97 lakh shares were traded on the counter. The offering, which was open for subscription from September 5, 2022 to September 7, 2022, was subscribed 2.8 times on the last day of the bidding. Th...
Tamilnad Mercantile Bank lists with discount of 3% on BSE
Tamilnad Mercantile Bank lists with discount of 3% on BSE
Source: Accord Fintech
15/09/2022 10:31:29 AM
IPO Note - Tamilnad Mercantile Bank By Angel One Ltd Tamilnad Mercantile Bank Limited Tamilnad Mercantile Bank ltd (TMBL), Incorporated in 1921, is a bank with strong presence in the state of Tamil Nadu with 369 branches, 949 ATM’s and 255 Cash recycler machines (CRM’s). TMBL’s business is majorly driven by lending to MSME’s customers along with Agriculture and Retail customers which combined contribute ~85% of total revenues. The bank reported deposits of ? 44,930 crore and advances of ? 33,490 crore as of March 2022...
IPO Note - Tamilnad Mercantile Bank By Angel One Ltd
IPO Note - Tamilnad Mercantile Bank By Angel One Ltd
Source: Angel One Ltd
5/09/2022 2:24:19 PM
IPO Note - Tamilnad Mercantile Bank By Swastika Investmart Ltd Tamilnad Mercantile Bank Rating - AVOID Incorporated hundred years back in 1921, Tamilnad Mercantile Bank is one of the oldest private sector banks in India. It offer a wide range of banking and financial services primarily to micro, small and medium enterprises, agricultural and retail customers. As of March 31, 2022, the bank has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a significant market presence in the state of Tamil Nadu with...
IPO Note - Tamilnad Mercantile Bank By Swastika Investmart Ltd
IPO Note - Tamilnad Mercantile Bank By Swastika Investmart Ltd
Source: Swastika Investmart Ltd
3/09/2022 4:03:23 PM
IPO Note - Tamilnad Mercantile Bank Ltd By Religare Broking Ltd Company Background:  Tamilnad Mercantile Bank Ltd. (Tamilnad) is one of of the oldest and leading old private sector banks in India with a history of almost 100 years. It offers a wide range of banking and financial services primarily to micro, small and medium enterprises, agricultural and retail customers. It has 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 ~5.08 million as...
IPO Note - Tamilnad Mercantile Bank Ltd By Religare Broking Ltd
IPO Note - Tamilnad Mercantile Bank Ltd By Religare Broking Ltd
Source: Religare Broking Ltd
2/09/2022 2:47:25 PM
IPO Note - Tamilnad Mercantile Bank Limited By Asit C Mehta Investment Tamilnad Mercantile Bank Limited - SUBSCRIBE Company Background Tamilnad Mercantile Bank (“TMB”) was incorporated on May 11, 1921. TMB, headquartered at Thoothukudi (Tamil Nadu, India), is one of the oldest and leading old private sector banks in India, with a history of close to 100 years. The bank reported deposits of Rs.44,930 crore and advances of Rs.33,490 crore as of March 2022. It offers an array of banking and financial services to retail customers, micro, small, and...
IPO Note - Tamilnad Mercantile Bank Limited By Asit C Mehta Investment
IPO Note - Tamilnad Mercantile Bank Limited By Asit C Mehta Investment
Source: PR Agency
1/09/2022 5:17:36 PM
Tamilnad Mercantile Bank files Draft Red Herring Prospectus despite court cases involving sizeable equity shares With 37.61 per cent of its paid up equity share capital or 53.59 million equity shares are subject to outstanding legal and regulatory proceedings including a 1:500 bonus issue Tamilnad Mercantile Bank (TMB) has filed its Draft Red Herring Prospectus (DRHP). The bank has filed DRHP for a premium initial public offer (IPO) of up to 15,840,000 equity shares of face value of Rs 10 each - fresh issue of 15,827,495 equity shares and an offer for sale of 12,505 equity shares by six equity shareh...
Tamilnad Mercantile Bank files Draft Red Herring Prospectus despite court cases involving sizeable equity shares
Tamilnad Mercantile Bank files Draft Red Herring Prospectus despite court cases involving sizeable equity shares
Source: IANS
6/09/2021 4:11:10 PM
Tamilnad Mercantile Bank plans Rs 1.2K cr IPO this fiscal The Tamilnad Mercantile Bank (TMB), which will turn 100 this year, will come out with an initial public offering (IPO) of about Rs 1,000 crore to Rs 1,200 crore, said a top official of the bank. The official also said that TMB logged an after tax profit of Rs 603.33 crore for the year ending March 31, 2021, as compared to Rs 407.69 crore reported in the corresponding period of the previous fiscal. The bank's total business for FY 2020-21 stood at Rs 72,511.45 crore (deposits Rs 40,9...
Tamilnad Mercantile Bank plans Rs 1.2K cr IPO this fiscal
Tamilnad Mercantile Bank plans Rs 1.2K cr IPO this fiscal
Source: IANS
27/04/2021 5:57:22 PM