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TMB LISTING
Tamilnad Mercantile Bank Q2 Results: Profit jumps 37% YoY to Rs 262 croreGross non-performing assets (NPAs) were reduced to 1.70 per cent of gross advances as of September 30, 2022 from 3.31 per cent by the end o...27 Oct, 2022, 04.34 PM IST- 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 ...21 Oct, 2022, 11.40 PM IST
- TMB makes muted debut on listing day at IPO priceThe IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 an...16 Sep, 2022, 07.32 AM IST
- Tamilnad Mercantile Bank shares list at 3% discount to IPO priceIncorporated in 1921, Tamilnad Mercantile Bank offers an array of banking and financial services to retail customers, micro, small, and med...15 Sep, 2022, 01.37 PM IST
- Tamilnad Mercantile Bank: Should buy, sell or hold after muted listing?However, analysts remain positive on the private lenders despite its muted debut at the bourses and suggest that investors should hold the ...15 Sep, 2022, 01.16 PM IST
- 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...15 Sep, 2022, 09.52 AM IST
- 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...08 Sep, 2022, 03.55 PM IST
- Tamilnad Mercantile Bank IPO subscribed 2.86 times on last day of bidding processThe issue attracted bids for 2,49,39,236 shares or 2.86 times against the issue size of 87,12,000 shares. The quota reserved for retail ind...07 Sep, 2022, 06.18 PM IST
- Tamilnad Mercantile Bank IPO kicks off: Should you subscribe?Most analysts said the asking valuations are attractive when compared with peers, but the bank’s future growth would be subject to pending ...05 Sep, 2022, 01.54 PM IST
- 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...04 Sep, 2022, 01.19 PM IST
- Barring legal issues, TMB IPO looks reasonably pricedThe demanded valuation also looks reasonable. However, the bank is involved in several legal proceedings including those filed by some of t...02 Sep, 2022, 06.27 AM IST
- Tamilnad Mercantile Bank IPO to open on Sept 5; price band fixedThe IPO is entirely a fresh issue of up to 1,58,40,000 equity shares with a face value of Rs 10 each, aggregating to Rs 831.6 crore. TMB is...30 Aug, 2022, 01.09 PM IST
- Once labelled a 'deserter', S Ashok is helping Nadars regain control of Tamilnad Mercantile BankSeventeen years ago, S Ashok became an outcast among the Nadars when he sold his 18% equity in the community-owned Tamilnad Mercantile Bank...27 Sep, 2011, 10.48 AM IST
- RBI asks old private banks to improve governanceThe advisory comes in the wake of an ongoing conflict between shareholders of private sector Tamilnad Mercantile Bank and some new investor...27 Aug, 2011, 02.46 AM IST
- RBI refuses to endorse Sivasankaran's Tamilnad Mercantile Bank stake saleRBI has refused to acknowledge C Sivasankaran's sale of nearly 33% stake in Tamilnad Mercantile Bank to Indian and foreign investors four y...19 Apr, 2011, 02.13 AM IST
- '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.08 Sep, 2010, 07.02 AM IST
- ‘TMB will never become an acquisition target’G Nagamal Reddy, MD & CEO, Tamilnad Mercantile Bank spoke about the banking industry and his bank.08 Sep, 2010, 04.14 AM IST
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