Tamilnad mercantile bank share price today

Tamilnad Mercantile Bank Ltd. was incorporated in the year 1921. Its today's share price is 414.85. Its current market capitalisation stands at Rs 6569.21 Cr. In the latest quarter, company has reported Gross Sales of Rs. 38338.6 Cr and Total Income of Rs.46564.35Cr. The company's management includes Shivavel Ezhil Jothi, Balasubramanian Vijayadurai, Subramaniam Babu Suresh Kumar, Balakrishnan Prabaharan, Dhanushkodi Nithyanandam Nirranjan Kani, K Nagarajan, C S Ram Kumar, Chandrasekaran Chiranjeeviraj, Shanmugam Rajendran Ashok, A Niranjan Sankar, Rama Moorthy Kumarabommarajpuram Venkata, PCG Asok Kumar. It is listed on the BSE with a BSE Code of 543596, NSE with an NSE Symbol of TMB and ISIN of INE668A01016. It's Registered office is at 57, Victoria Extension Road , , Thoothukkudi-628002, Tamil Nadu.Their Registrars are K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)It's auditors are Abarna & Ananthan, G Balu Associates LLP, Maharaj N R Suresh & Co, NR Jayadevan, Suri & Co

Tamilnad Mercantile Bank Limited is an India-based private sector bank. The bank operates through four segments: Treasury, Corporate / Wholesale Banking, and Retail Banking. Its treasury operations focus on the management of its funds, maintenance of statutory reserves (cash reserve ratio and statutory liquidity ratio), asset liability gaps, interest rate risks, liquidity positions, investments, and trading activities. It also manages trades in equity and forex instruments. The bank offers commercial banking products to its customers including current account facilities, online services, such as Internet banking, and short message service (SMS) alerts, and foreign exchange services. It provides various kinds of loans. It also offers other services including online fee payment, online bill payment, forex services, and Demat services. The bank offers a secure application, TMB DigiLobby, for customers to view all their account balances and transactions on their mobile devices.

The Rs 807.85-crore initial public offering (IPO) of Tamilnad Mercantile Bank, which was sold in the range of Rs 500-525 apiece, received a dull response from investors as it was subscribed 2.86 times. The quota reserved for retail bidders was subscribed 6.48 times while the quotas reserved for non-institutional investors (NIIs) and qualified institutional buyers (QIBs) were subscribed 2.94 times and 1.62 times, respectively. TMB is among the oldest private sector banks in India, having 509 branches as of March 31, 2022. The bank is focused and concentrated in South India but is now diversifying in the states of Maharashtra, Gujarat, Karnataka and Andhra Pradesh. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

• The bank has been maintaining a healthy ROA of 1.31764701433626% since last 3 years. • Company has a good Return on Equity (ROE) track record: 3 Years ROE 13.802253888741%. • The company has been consistently maintaining a NIM of 3.40287761652058% since last 3 years. • Cost to Income ratio stands at 0 % • The company has delivered good Profit growth of 47.0311211600368% over the past 3 years. Quarterly Result (All Figures in Cr.) PARTICULARS Sep 2022 Dec 2022 Mar 2023 Interest Earned 996.69 1012.12 1070.08 Other Income 144.8 160.76 183.93 Interest Expended 488.14 477.85 542.8 Operating Expenses 264.12 290.23 306.8 Total Provisions 33.88 32.92 57.18 Profit Before Tax 355.35 371.88 347.23 Tax 93.05 92.18 94.18 Net Profit 262.3 279.7 253.05 Net NPA % 0.86 0.75 0.62 Gross NPA % 1.7 1.7 1.39 Return on Assets % 2.04 2.16 1.93 NPM % 26.32 27.64 23.65 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Interest Earned 3250.49 3224.46 3466.11 3609.05 3833.86 Other Income 506.12 414.34 526.42 644.35 822.57 Interest Expended 2040.76 1994.3 2146.59 2071.52 2018.63 Operating Expenses 709.86 760.23 850.91 979.65 1111.04 Total Provisions 784.09 625.69 587.33 403.86 402.16 Profit Before Tax 221.92 258.58 407.69 798.36 1124.61 Taxes 0 0 0 195.03 302.7 Net Profit 221.92 258.58 407.69 603.33 821.91 Adjusted EPS (Rs.) 15.57 18.14 28.61 42.34 57.67 Balance Sheet (All Figures are in Crores.) Particulars Mar 2018 Mar 2019 Mar 2020 Mar...