TMB’s 105-year journey is a testament to its commitment to trust, service and financial inclusion
EXECUTIVE SUMMARY & KEY DEVELOPMENTS
- TMB’s 105-year journey is a testament to its commitment to trust, service and financial inclusion
- Banks must support MSMEs, farmers, entrepreneurs and women-led enterprises to realise Viksit Bharat @2047
Vice President Shri C. P. Radhakrishnan today graced the 105th Foundation Day celebrations of Tamilnad Mercantile Bank (TMB) in Thoothukudi, and called upon the bank to aspire to become one of India’s leading private sector banks in the coming years.
Congratulating the bank on its remarkable 105-year journey, the Vice President recalled its origins in 1921 as Nadar Bank Limited and commended its contribution to the country’s banking sector.He said that, from its humble beginnings, the bank has grown into a major banking institution with 632 branches across 17 States and four Union Territories, serving over 53 lakh customers and recording total business exceeding ₹1.30 lakh crore. Highlighting the vital role of banks in nation-building, he emphasised the importance of responsible lending and extending financial support to MSMEs, farmers, small traders, entrepreneurs, women-led enterprises and corporates. The Vice President noted India’s remarkable economic progress and said that the banking sector has a crucial role in realising the vision of Viksit Bharat @2047. He highlighted the transformation brought about by digital banking and UPI, as well as the expansion of financial inclusion, which has enabled more people to access formal banking services. Commending TMB’s recent performance and technological progress, he urged the bank to continue strengthening cybersecurity, safeguarding customers’ money and personal data, and embracing innovation. He also stressed that the bank should remain rooted in Thoothukudi, its place of origin, even as it expands its national presence.
The Vice President expressed confidence that Tamilnad Mercantile Bank would continue to scale greater heights and establish itself among India’s leading private sector banks. Tamil Nadu Governor Shri Rajendra Vishwanath Arlekar, TMB Part Time Chairman Shri K. Ramachandran, Managing Director and CEO Shri Salee S. Nair, Executive Director Shri
Strategic Significance & Context
Vincent Menachery, members of the Board and senior officials were present on the occasion.
Vice President Shri C. P. Radhakrishnan today graced the 105th Foundation Day celebrations of Tamilnad Mercantile Bank (TMB) in Thoothukudi, and called upon the bank to aspire to become one of India’s leading private sector banks in the coming years.
Congratulating the bank on its remarkable 105-year journey, the Vice President recalled its origins in 1921 as Nadar Bank Limited and commended its contribution to the country’s banking sector.He said that, from its humble beginnings, the bank has grown into a major banking institution with 632 branches across 17 States and four Union Territories, serving over 53 lakh customers and recording total business exceeding ₹1.30 lakh crore. Highlighting the vital role of banks in nation-building, he emphasised the importance of responsible lending and extending financial support to MSMEs, farmers, small traders, entrepreneurs, women-led enterprises and corporates. The Vice President noted India’s remarkable economic progress and said that the banking sector has a crucial role in realising the vision of Viksit Bharat @2047. He highlighted the transformation brought about by digital banking and UPI, as well as the expansion of financial inclusion, which has enabled more people to access formal banking services. Commending TMB’s recent performance and technological progress, he urged the bank to continue strengthening cybersecurity, safeguarding customers’ money and personal data, and embracing innovation. He also stressed that the bank should remain rooted in Thoothukudi, its place of origin, even as it expands its national presence.
Operational Milestones & Policy Directives
The Vice President expressed confidence that Tamilnad Mercantile Bank would continue to scale greater heights and establish itself among India’s leading private sector banks. Tamil Nadu Governor Shri Rajendra Vishwanath Arlekar, TMB Part Time Chairman Shri K. Ramachandran, Managing Director and CEO Shri Salee S. Nair, Executive Director Shri
Vincent Menachery, members of the Board and senior officials were present on the occasion.
