Tamilnad Mercantile Bank
Financials
Estimates*
INR | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
Revenues | 18.5b | 21.8b | 26.4b | 27.2b | 28.0b |
% growth | - | 18 % | 21 % | 3 % | 3 % |
Profit | 4.1b | 6.0b | 8.2b | 10.3b | 10.7b |
% profit margin | 22 % | 28 % | 31 % | 38 % | 38 % |
EV / revenue | - | - | - | 1.8x | - |
Date | Investors | Amount | Round |
---|---|---|---|
* | $45.6m | Private Placement non VC | |
* | N/A | N/A | IPO |
Total Funding | - |
Recent News about Tamilnad Mercantile Bank
EditTamilnad Mercantile Bank (TMB) is a financial institution providing a wide range of banking services, including home loans, personal loans, car loans, and educational loans. TMB serves individual customers, small and medium-sized enterprises (SMEs), and corporate clients. Operating primarily in the Indian market, the bank focuses on delivering accessible and customer-centric financial products.
TMB's business model revolves around traditional banking services such as accepting deposits, providing loans, and offering various digital banking solutions. The bank generates revenue through interest income from loans, fees for banking services, and commissions from third-party products like insurance and mutual funds.
With a strong emphasis on digital transformation, TMB offers internet banking, mobile banking, and online bill payment services to enhance customer convenience. The bank also provides value-added services like Aadhar card enrolment, e-tax payment, and mutual fund investments.
Keywords: Home Loans, Personal Loans, Car Loans, Digital Banking, SMEs, Interest Rates, Internet Banking, Mobile Banking, Financial Products, Customer-Centric.