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TMB SHARES
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 ...
- 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 ...
- 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...
- 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...
- 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
- 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...
- 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...
- Is Ramesh Vengal still a shareholder in Tamilnad Mercantile Bank?The Tamilnad Mercantile Bank(TMB) board, which has dealt with ownership tussles and feuding stakeholders, is at a loss on how to deal with ...
- Madras HC upholds election of 10 new directors to TMB boardTuticorin- based old private sector Tamilnad Mecantile Bank is set to have a reconstituted full-fledged board with Madras High Court passin...
- RBI closely monitoring TMB in absence of boardRBI is keeping a close watch on the affairs of TMB in the absence of an elected board.
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