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Depositors locking in high rates push up FD shareFixed deposits now constitute 62% of bank deposits, a two-year high, as depositors shifted funds from low-yield savings accounts seeking be...- Tamilnad Mercantile Bank shares jump 17% to hit 52-week highThe company reported an 11.54% year-on-year (YoY) jump in its June quarter net profit at Rs 261 crore, up from Rs 234 crore reported by the...
- 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 ...
- 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...
- 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...
- 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 ...
- 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...
- 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...
- 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 ...
- Should you buy Tamilnad Mercantile Bank shares from unlisted market ahead of IPO?One should understand that any pre-IPO equity has a mandatory lock-in of at least 6 months from the date of IPO allotment, but in this case...
- 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...
- 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 ...
- 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...
- Tamilnad Mercantile Bank IPO: 15 things you must know before subscribingThe IPO of Tamilnad Mercantile Bank will close for subscription on Wednesday, September 7.
- 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...
- Multibagger bets, anyone? Some analysts suggest unlisted namesDealers of unlisted shares say this space is not for traders; but investors with a long-term outlook can hope to earn hefty returns, if the...
- Jhunjhunwala, Ambani, Dhoni & much of D-Street awaiting these big-bang IPOsSome of these firms have strong balance sheets and credible financials to support this frenzy.
- 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...
- TMB board meets in ChennaiThe reconstituted full-fledged board of Tamilnad Mercantile Bank met in Chennai on Friday in the wake of a Judgement passed by Madras High ...
- Non-Nadars hold 25% in TMB, for the first timeSix foreign and two Indian investors, who recently picked up 24.93% stake in Tamilnad Mercantile Bank .
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