TMB jumps over 7% after RBI authorisation to undertake govt business“RBI has authorised TMB for undertaking Government Business on behalf of RBI. Agreement has been signed by the bank with RBI at Mumbai for ...
RBI authorises Tamilnad Mercantile Bank to undertake government businessTMB is one of the oldest private sector banks with a history of over 100 years, having been established in 1921 as Nadar Bank. The bank off...
RBI lifts ban on new branches of Tamilnad Mercantile BankRBI had placed the ban on TMB in 2019 after the bank's shareholders decided to raise authorized share capital to Rs 500 crore. The central ...
Will TMB maintain positive momentum or disappoint D-Street investors?Aayush Agrawal, Senior Research Analyst at Swastika Investmart, expects a flat or a negative listing based on the current grey market trend...
TMB's grey market premium shoots up; can it surprise despite muted response to IPO?As of Thursday, shares of TMB were commanding a premium of Rs 20-25 in the unofficial market, which was Rs 3 a day ago, when the issue clos...
TMB IPO fully subscribed on Day 2 of bidding processTMB is one of the oldest and leading old private sector banks in India with a history of almost 100 years. It has a loyal customer base as ...
Tamilnad Mercantile Bank IPO subscribed 30% on Day 1 of bidding processThe issue has attracted bids for 27,48,396 shares or 0.32 times the issue size of 87,12,000 shares. The quota reserved for retail individua...
60% upside in 24 months? Tamilnad Bank IPO opens on Monday. Here's what analysts saidThe professionally-managed private lender, which does not have any identifiable promoters, on Friday allotted 71,28,000 equity shares to 10...
How the TMB buyout bid came to haunt Standard Chartered after 13 yearsAccording to the ED report, Stanchart India held securities of TMB as collateral for money lent by Stanchart Mauritius to overseas companie...
Standard Chartered fined Rs 100 crore for role in TMB buyout bidED faults transactions in 2007 related to bid by offshore entities to take control of local lender
All India Volleyball tournament from June 8 in TuticorinThe All-India volleyball tournament for TMB Trophy will be held in Tuticorin from June 8 to June 14 with teams from various cities particip...
TMB aims to achieve Rs 1 lakh crore turnover in next four yearsTo reduce the time for clearing loans, the bank has set up centralised loan processing cells in a few cities, including Coimbatore.
- Tamilnad Mercantile Bank signs MoU with UAE Exchange & Financial Services
TMB has entered a Memorandum of Understanding with UAE Exchange and Financial Services to offer express money transfer services in India.
- TMB enters in MoU with Birla Sun Life Mutual Fund
A Balasubramanian, CEO of Birla Sun Life Mutual Fund claimed their mutual fund offers innovative investment solutions across asset classes ...
'TMB will never become an acquisition target'TMB managing director and chief executive G Nagamal Reddy spoke to ET about the banking industry and his bank.
- RBI closely monitoring TMB in absence of board
RBI is keeping a close watch on the affairs of TMB in the absence of an elected board.
- TMB to become clearing banker for MCX
Tuticorin-based Tamilnad Mercantile Bank (TMB) has entered into an agreement with Multi Commodity Exchange (MCX) to become its clearing ban...