Tmb share price

Tamilnad Mercantile Bank: The bank is all set to make its debut on BSE and NSE today. The initial public offering (IPO) of Tamilnad Mercantile Bank was subscribed 2.86 times at the end of the three-day window. The company had set a price band of ₹500-525 per share for the IPO. The Thoothukudi (formerly Tuticorin)-based private lender plans to utilise the money raised through the IPO to augment its tier-I capital base to meet its capital requirements. Tata Steel: Domestic steel maker Tata Steel on Wednesday said its committee of directors decided has approved raising ₹2,000 crore through allotment of non-convertible debentures (NCDs) on a private placement basis. In a filing to the BSE, the company said the committee has approved the issue of debt securities in the form of NCDs. “20,000 NCDs of face value ₹10,00,000 each aggregating to ₹2,000 crore, to be issued in two different series (Series 1 Debenture aggregating to ₹500 crore and Series 2 Debenture aggregating to ₹1,500 crore)." Vedanta: Vedanta Resources, which has the single largest investment of ₹80,000 crore in Odisha, on Wednesday said it plans to pump in another ₹25,000 crore for expansion of its aluminium, ferrochrome and mining businesses in the state. With this quantum of investment, it is contributing nearly four per cent to Odisha’s state GDP through its operations (direct and indirect), a company statement said. Adani Wilmar: Adani Wilmar Ltd., the kitchen essentials firm owned by Gautam Adani, is scouting ...

• Tamilnad Mercantile Bank has an operating revenue of Rs. 4,710.15 Cr. on a trailing 12-month basis. An annual revenue growth of 1% is not great, Pre-tax margin of 30% is great, ROE of 14% is good. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 94 which is a GREAT score indicating consistency in earnings, a RS Rating of 16 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at D- which indicates heavy supply, Group Rank of 129 indicates it belongs to a poor industry group of Banks-Money Center and a Master Score of D is close to being the worst. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail. Indicator Mar 2023 Dec 2022 Sep 2022 Jun 2022 Mar 2022 Oper Rev Qtr Cr 1,070 1,012 997 1,002 986 Operating Expenses Qtr Cr 307 290 264 289 276 Operating Profit Qtr Cr 404 405 389 374 416 Depreciation Qtr Cr 0 0 0 0 0 Interest Qtr Cr 543 478 488 478 499 Tax Qtr Cr 94 92 93 85 303 Net Profit Qtr Cr 253 280 262 234 227 Tamilnad Mercantile Bank Synopsis NSE-Banks-Money Center Tamilnad Mercantile is involved in the business activities of Banking activities by Central, Commercial and Saving banks. Company’s Total Operating Revenue is Rs. 4081.04 Cr. and Equity Ca...

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.;

Description • Tamilnad Mercantile Bank Limited was incorporated in the name of `Nadar Bank Limited` on May 11, 1921 at Thoothukudi, Tamil Nadu as a limited company under Indian Companies Act, 1913 pursuant to a certificate of incorporation issued by the erstwhile Assistant Registrar of Joint Stock, Palamcottah.. Subsequently, name of the Bank was changed to `Tamilnad Mercantile Bank Limited`, with effect from November 27, 1962, pursuant to a letter of approval from the Government of India dated November 14, 1962 and a fresh certificate of incorporation dated July 17, 1968 was issued by the Assistant Registrar of Companies, Madras. On November 11, 1921, the Bank commenced business at Thoothukudi, in Tamil Nadu. In 1933, it acquired its first property at Beach Road, Thoothukudi, in Tamil Nadu. On May 11, 1935, it was included in the second schedule to the Reserve Bank of India Act, 1934. It was granted the licence to carry on banking business in India by RBI on November 20, 1962. It opened a a rural branch at Vilathikulam, Tamil Nadu in 1968. In 1993, it was registered as Category-1 Merchant Bankers with SEBI and opened first currency chest at Madurai Branch. The Bank was granted licence to deal in foreign exchange in 1999. It launched first ATM, christened as TMB Surabhi, in Chennai in 2004. In 2005, it launched first insurance linked deposit scheme, christened as Siranjeevee Recurring Deposit. It launched SMS banking services and internet banking facilities, christened as ...