Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. It operates through the Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings, fixed, recurring, term deposit, and current accounts; debit and credit cards; and demat and equity trading accounts, portfolio management, POS terminal, e-tax payment, online bill payment, mutual fund, insurance, sovereign gold bond scheme, forex, and Internet and mobile banking services. It also provides home, car, two-wheeler, personal, LAP, pension, pharma and healthcare, education, gold, jewelry, commercial vehicles, traders and services, MSME, rice and dhall mill, doctor, agricultural, green energy, and Mahalir loans, as well as loans against sovereign gold bonds and secured overdraft facilities; NRI products; and microenterprise and pharma finance. The company was formerly known as The Nadar Bank Ltd. and changed its name to Tamilnad Merc
| Current Price | ₹739.75 |
|---|---|
| Market Cap | ₹11,714 Cr |
| Sector | Financials > Banks > Banks |
| Sub-Industry | PSU Bank |
| P/E Ratio | 8.8 |
| Return on Equity | 13.99% |
| 52-Week Range | ₹411.80 – ₹770.00 |
| Beta (1Y) | 0.5 |
| Dividend Yield | 1.69% |
1. Treasury-19.1% 2. Corporate/Wholesale Banking-8.7% 3. Retail Banking-72.2%
Tamilnad Mercantile Bank Ltd is trading at ₹739.75, with a market capitalisation of ₹11,714 Cr.
Tamilnad Mercantile Bank Ltd operates in the Financials > Banks > Banks space (PSU Bank).
Tamilnad Mercantile Bank Ltd has a P/E of 8.8 and a return on equity of 13.99%.