Tamilnad Mercantile Bank ltd (TMBL), Incorporated in 1921, is a bank with
a strong presence in the state of Tamil Nadu with 369 branches, 949 ATMs, and 255 Cash recycler machines (CRMs). TMBL’s business is majorly driven by lending to MSME’s customers along with Agriculture and Retail customers
which combined contribute ~85% of total revenues. The bank reported deposits of ? 44,930 crore and advances of ? 33,490 crores as of March 2022. In fiscal 2022, TMB also reported a low credit cost ratio of 0.27%, along with the bank also reported a return on assets (ROA) of 1.66% and a return on equity (ROE) of 16.58% which is better than the banks peers.
