IPO -  Tamilnad Mercantile Bank

Rajendra Sep 2, 2022

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The 100-year-old bank announced its ₹830 crore IPO, which will be open from 5 September to 7 September.

Highlights

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The bank was started in 1921 under the name "Nadar Bank Limited," & its name was changed to "Tamilnad Mercantile Bank Limited" in 1962.

Establishment

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strong presence with 369 branches and 238 cash recycling machines in addition to 941 automated teller machines (ATMs).

Presence

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