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DEFINITION OF CAMELS FRAMEWORK:
Soundness of a bank measured on a scale of 1 (strongest) to 5 (weakest). Bank examiners (trained and employed by the country's central bank) award these ratings on the basis of the adequacy and quality of a bank's Capital, Assets (loans and investments), Management, Earnings, Liquidity, and Sensitivity (to systemic-risk). Banks with a rating of 1 are considered most stable; banks with a rating of 2 or 3 are considered average, and those with rating of 4 or 5 are considered below average, and are closely monitored to ensure their viability. These ratings are disclosed only to the bank's management and not to other banks or the general public. CAMELS rating is an advanced version of the older MACRO rating
OVERVIEW:
Tamilnad Mercantile Bank Ltd., has to its credit, the history of 89 successful years, over which the banking industry always has an enviable admiration. The new face that Tamilnad Mercantile Bank has gained owes much to its broad view on product developments across various categories, speedy technology implementation and the successful re-skilling efforts besides greater management vision. Broad initiatives in launching innovative products, enlarging the product basket, value addition to the existing products, revamping of some of the existing products and focus on cost cutting apart from finding sustainable revenue streams ensured a new growth path for the bank.
Today, Centralized Core Banking Solution (CBS) across its network of 217 branches has enabled the bank to offer speedy collection facility, instant funds transfer facility etc., to the customers. The bank's Anywhere Banking Scheme (AWB) has given its customers scope for instant transactions in their accounts across the branches of the bank countrywide. We have made a tie-up arrangement with IDBI Bank Ltd., to offer e-payment of taxes to all the customers of our bank in all the branches both offline and online (internet banking) mode. The bank currently has 217 branches, 11 extension counters, 150 own ATMs (94 Onsite and 56 Offsite), 2 mobile banking units spreading its wings across 11 states and 2 union territories. The bank plans to add 20 new branches in this financial year. The bank also proposes to expand its
branch network in Maharashtra, Delhi and Gujarat in addition to Tamilnadu and Andhra Pradesh. The bank has recorded 200 billion rupees business in 2009-10 and targets 260 billion rupees in financial year 2010-11. The bank has achieved a net profit of Rs.1.85 billion for the year 2009-10 and Confident of improving it further by March 2011. The Vision 2013 of the bank is to develop the bank into a much stronger one having business volume of 500 billion rupees, with 5 billion rupees profit by 31st March 2013 and a progressive modern bank in the Banking Industry. Adaptation, Innovation and Excellence in Execution will be the guiding standards in taking the Bank's business to greater heights in the coming days.
Genesis & Growth:
The history of Tamilnad Mercantile Bank Ltd., the then Nadar Bank Ltd., dates back to 1921. The thought of establishing a bank under the guidance of the able Nadar business community was mooted out in the Anniversary of Nadar Mahajana Sangam held at Tuticorin in 1920. The proposal was effected soon. The bank was registered on May 11, 1921 as "The Nadar Bank Ltd".
A group of dedicated men with shrewd acumen and sound integrity had been constituted as Board of Directors and they elected Shri. M.V. Shanmugavel Nadar as Chairman on Nov 04, 1921. The bank was opened by Shri. T.V. Balagurusamy Nadar, the then President of the Nadar Mahajana Sangam and the bank threw open its door to the public on Nov 11, 1921 at 9 a.m. in Ana Mavanna Building at South Raja Street, Tuticorin.
Customer Service
Tamilnad Mercantile Bank Ltd., focused its attention on the customers from the very beginning and the bank is known for its personalized service. The team of management and staff members of the bank are having the practice of meeting people from various walks of life and hear their requirements on a regular basis.
Pan India Branch Network
The bank was having only 4 branches in the year 1947 at Tuticorin, Madurai, Sivakasi and Virudhunagar. The bank had also a branch at Colombo in the year 1937 and the same was closed in the year 1939. The bank has now 234 full fledged branches all over India, 7 Regional Offices and 11 Extension Counters, 2 Mobile Banking Branch, 6 Central Processing Centres, 2 Currency Chests and 178 Automated Teller Machines. All the 234 branches are computerised and all the 234 branches are interconnected. The first branch outside the State of Tamilnadu was opened in the year 1976 at Bangalore. The first fully computerized branch was opened at WGC Road, Tuticorin on Dec 09, 1984. The bank had established its first currency chest in 1993 at Madurai and has the industrial
finance branches at Coimbatore, Chennai and Secunderabad. The Bank has launched ATM Card from Nov 11, 2003. Here is a list of our Completely Networked Branches.
Branch Sharing Tie Up
Now, You can purchase Demand Drafts on 639 additional locations through out the country in addition to 234 TMB Branches. Our tie-up arrangements with IDBI Bank (108 locations) and HDFC Bank (531 locations) gives an effective branch network of 873. In all these locations you can send your cheques for collection too. All at no extra cost!
Serving the Rural
The bank has had a vision of extending banking service to common people of rural areas, hitherto neglected, with all humility. The bank dotted more and more rural centers with its branches thereby extending its service area in range, variety and magnitude. Out of 234 branches, 53 branches are located at rural centers.
Growth of Deposits
Augmenting the deposit base is the vital objective of the banks. The bank had introduced novel deposit schemes and continued its efforts towards deposit mobilization and succeeded. The bank which had a deposit base of Rs. 21,010.00 in the year 1921 increased it to Rs. 27 Lakhs during 1946 and to Rs. 182 Lakhs during 1971. Deposit level of the bank as on March 31, 2010 is Rs. 11639 Crore, which pronounces the confidence of the public reposed on the bank.
Growth of Advances
Tamilnad Mercantile Bank Ltd., concentrated its efforts to meet the genuine requirements of various sectors of the economy and advanced to the needy sectors of the society. The bank has taken it as a challenge to participate in various Government sponsored schemes and extended its support in uplifting the
downtrodden in the society. The bank has taken up, the assistance to various industrial and export sectors, as a thrust area and granted loans to the needy clients. The level of advances which stood at Rs. 52 Lakhs in the year 1962 has spurted to above Rs. 8288 Crore now. The bank has a sound portfolio of advances consisting a wide basket of retail finance. The bank as a matter of policy grants advances to retail segments consisting of retail traders and business enterprises.
Profitability
The bank, which had a Net Profit of Rs. 6984.00 in the year 1921 had spurted its profit to Rs. 5.05 Lakhs in the year 1971 and Rs. 184.53 Crores for the year ended March 2010. The high level of profit earned by the bank enabled to build up and sustain the high level of reserve base. The Profitability trend continues this year also.
Tamilnad Mercantile Bank Ltd., is one of the very few banks having very high reserve base and its earnings per share remains the highest.
Profit to Share Holders
Tamilnad Mercantile Bank Ltd., is the only bank in India declaring consistently higher rate of dividend to its shareholders from the very beginning. The bank had declared 6% dividend to its shareholders in 1921. The rate of dividend has been on increasing trend. The Bank declared a dividend of 1000% for each of the financial year ended on March 31, 2006 and 2007. The dividend proposed by the Board of Directors for the financial year ended March 31 2008 was 5000%
Dedicated Work Force
Tamilnad Mercantile Bank Ltd., is very fortunate in having dedicated employees at all levels who have been energetic and working with untiring zeal for the good growth and prosperity of the institution for the past 89 years. The name and fame of the bank are in a large measure, due to the efficient and diligent service of the highly loyal staff members and officers. This has enabled the Bank to adopt the official motto "Totally Motivated Bank".
Managementread about the past and present management
From the CEO's Desk Knowing TMB Management Computerization Foreign Exchange Financial Highlights Future Vision Share Holder Info
Anywhere Banking
Founder Directors of TMB
Shri M.V. Shanmugavel Nadar Shri A.M.M. Sinnamani Nadar Shri AR.A. Shenbaga Nadar Shri K.A.M.A. Kalliapa Nadar Shri M.VE. Rathnasami Nadar Shri AR.A.S. Arumugasamy Nadar Shri T.V. Balagurusamy Nadar Shri P.K.S.A. Arumuga Nadar Shri M.S.P.A. Chidambara Nadar
The bank became a Scheduled Bank under the Reserve Bank of India Act on May 11, 1935. The Nadar Bank Ltd., changed its name to the Tamilnad Mercantile Bank Ltd., on November 26, 1962. Ever since the bank stands pre-eminently among the galaxy of banks in the private sector depicting scientific and sound functioning.
Excellence in Management
The bank has been fortunate in having very eminent and honest men of vision and great talent as Board of Directors and Executives. The ever increasing profit figures of the bank depicts the efficiency of the management. The bank, which was opened with a small capital of Rs. 5 Lakhs, has an impeccable record of having a net worth of Rs. 656.79 Crores as on March 31, 2006 making it a strong and sound bank.
Past & Present Chief Executives
The strong foundation was laid down by the Chief executives of the bank from the very beginning by their outstanding efficiency, devotional duty, able administration and profound knowledge.
In 1969, the Reserve Bank of India advised for the appointment of a whole time Chairman and Chief Executive Officer of the bank. The following persons have so far served in that post.
Past and Present Chairman of TMBChairman Period of Association
Shri R. Jeyaraj 1969-1988Shri J. Kasiviswanathan 1989-1991Shri M. Jesudasan 1992-1996Shri K.N.V. Nayar 1996-1997Shri S. Krishnamurthy 1997-2002Shri R. Natarajan 2002-2004Shri S. Radhakrishnan 2004-2006Shri M.G.M. Maran * 09-04-2007 to 08-04-2008
* Non Executive Part Time Chairman.
Past and Present MD / CEO at TMBMD and CEO Period of Association
Shri G. Narayana Moorthy Dec. 2006 to May 2009Shri G. Nagamal Reddy June 2009 to September 2010Shri A.K. Jagannathan September 2010 onwards
Board of Directors of Tamilnad Mercantile Bank
The following eminent personalities represent the Board of Directors of Tamilnad Mercantile Bank.
Present Board of Directors at TMBName of Director Additional Designation
Thiru A.K. Jagannathan MD & CEOThiru S.C. SekarThiru V.V.D.N. VikramanThiru S.R. Aravind KumarThiru P. MahendravelThiru B. PrabaharanThiru T. Raja KumarThiru Thirukumar VethanayagamThiru P. YesuthasenThiru S. SundarThiru K.N. Rajan RBI NomineeThiru Dr. K.V. Rajan RBI Nominee
General Managers of our Bank
Present General Managers of TMBName Portfolio Handled
Shri K.B. Nagendra MurthyPh.: +91 461 233 9146(Direct)
Credit, H.R.D., Vigilance, Recovery & Legal
Shri S. Selvan RajaduraiPh.: +91 461 232 5411(Direct)
Business Development, Planning, Establishment, International Banking Division, Treasury, Accounts, Information Technology, Inspection&Risk Management.
FUTURE VISION:
The vision of the Chairman and Board of Directors of the bank is to develop the bank into a much stronger bank with the higher level of modernization to handle the business volume. Before the year 2013 the bank aims at Rs.50000 crore business and net profit of Rs.500 crore with 500 branches and 5000 employees. Noble thoughts and high ideas of the team of management charged with dynamic spirit of action will take the bank to a greater height, achieving growth in strength and exhibit the bank as a model bank in the Banking industry.
The bank has set itself a high standard, be it in operation, customer service or compliance to regulation.
Technology upgradation and march towards Hi-Tech Cyber Banking are the current mission of the Bank.
VISION STATEMENT:
To be a progressive bank with strong brand equity, enhancing value for all the stake holders through excellence in performance and good governance.
Annual Audited Financial Highlights for the period ending March 31, 2011
We take great pleasure in announcing the audited financial highlights for the period April ~ March 2011. TMB Net Profit zooms by 35.97% on y-o-y basis.
For more details, click Audited Financial Results for the Period Ending Mar 31, 2011.
Quarterly Business Performance (Dec 31, 2010)
We take great pleasure in announcing the un-audited financial highlights for the period April ~ December 2010. TMB Net Profit zooms by 49.52% on y-o-y basis.
For more details, click Quarterly Financial Results for the Period Ending Dec 31, 2010.
Quarterly Business Performance for the period ending September 30, 2010
We take great pleasure in announcing the un-audited financial highlights for the period April ~ September 2010. TMB Net Profit zooms by 62.68% on y-o-y basis.
For more details, click Quarterly Financial Results for the Period Ending Sep 30, 2010.
Quarterly Business Performance for the period ending June 30, 2010
TMB Net Profit zooms by 57.94% on y-o-y basis.
For more details, click Quarterly Financial Results for the Period Ending June 30, 2010.
Business Performance for the period ending Mar 31, 2010
Net Profit of Rs.184.53 crore is higher than that of the previous year i.e. Rs.150.21 crore (increase of 22.85% over last year).
The operating profit is at Rs.315.90 crore (previous year Rs.265.27 Crore) registering an increase of 19.09%.
Serving more than 2.8 million delighted customers. Total Business Increased to Rs.19927 crore from Rs.16137 crore up by 23.49%. Deposits increased to Rs.11639 crore from Rs.9566 crore and recorded a growth of
21.67%. Advances (Net) increased to Rs.8288 crore from Rs.6571 crore and recorded a growth of
26.13%. CASA ratio has improved to 24.52% from 21.44%. Gross NPA was brought down to 1.37% [Rs.115.00 Crore] from 1.81% [Rs.120.40
Crore] Net NPA was brought down to 0.24% [Rs.19.98 Crore] from 0.34% [Rs.22.08 Crore] Return on Equity stood at 17.27% (previous year 16.27%) Return on Assets was at 1.54%(previous year 1.51%). Earnings Per Share increased to Rs.6,487/- [Previous year Rs.5281/-] Cost to Income Ratio has improved to 42.29% from 43.50% Net Interest Margin of the Bank stood at 3.57% CASA Deposit (excluding bank deposits) has increased by 38% i.e. Rs.800.13 Crore and
stood at 2905.69 Crore as on 31.03.2010 [Previous year Rs.2105.56 Crore] Number of Savings Bank account crossed 13,81,000 mark [Previous year 11,85,000 -
196000 new SB accounts added during 2009-10] Number of Current Account holders crossed 1,12,000 mark [Previous year 1,04,000] All the 216 branches are under the CBS Software, FINACLE of Infosys with 100%
networking. 141 ATMs (91 Onsite and 50 Offsite) in major cities [Previous year 125 ATMs] Facility to access over 57371+ ATMs of 39 banks nationwide under National Financial
Switch (NFS) The Bank is actively participating in Financial Inclusion to inculcate savings habit among
the underprivileged people and introduced TMB-Janatha Account (No Frills Account). The bank has so far opened 121304 accounts (As on 31.03.2009 100453 accounts) with balance outstanding of Rs.13.11 crore.
C.D Ratio of the Bank stood at 71.21%. [Last year 68.70%] Non Interest Income was at Rs.172.80 Crore [increase of 27.21% over last year
[Rs.135.84 Crore]]
The Capital and Reserves of the bank had increased to Rs.1148.18 crore from Rs.988.52 crore.(increase of 16.15% over previous year).
Capital Adequacy Ratio as per Basel I 14.09% (previous year 14.48%). As per Basel II norms the CRAR stood at 15.54 % (previous year 16.05%)
Business per employee increased to Rs.870 lac from Rs.679 lac Profit per employee increased to Rs.8.14 lac from Rs.6.43 lac Business Per Branch increased to Rs.92.25 Crore from Rs.75.76 Crore Profit per Branch increased to Rs.85.43 lac from Rs.70.52 lac Foreign Exchange Turnover for the year ended 31.03.2010 increased to Rs.7605 Crore
from Rs.5781 Crore. [increase of 31.55%] The advances to priority sector has been increased from Rs.2758.20 crore to Rs.3685.68
crore which is 55.28% of the bank's adjusted net bank credit as against the regulatory requirement of 40%.
Thrust was given to improve agriculture and allied activities and advance to agriculture increased to Rs.1475.36 crore which constituted 22.13% of Adjusted Net Bank Credit as against the Regulatory requirement of 18%.
The bank has lent more than Rs.2150 crore for the benefit of Micro, Small and Medium Enterprises. [last year Rs.1301 Crore]
The bank advance to Weaker Section was at Rs.725 Crore. [last year Rs.372 Crore] More thrust on helping the Rural Poor through Self Help Group - The advances to the
SHGs was at Rs.33.83 Crore which was benefited by 3976 SHGs. Total Retail Advances went up by Rs.1562 Crore during the Financial Year and reached
the level of Rs.5586 Crore [Last year Rs.4024 crore] showing a Year on Year Growth of 27.96%. The retail advances constitute 66.64% of the total advances.
Thrust has been given to increase Educational Loan and as a result the amount lent has been increased to Rs.66.86 Crore (an increase of 51.72% from 31.03.2009) benefiting 5681 students.
Thrust has been given to improve the DRI advances and as a result the amount of advance has been increased to Rs.2.61 crore. [Last year Rs.2.43 Crore]
For more details, click Financial Results for the Year Ending March 31, 2010.
Business Performance as on September 30, 2009
Total Deposits have increased by 20.97% to Rs.9774.45 crore from 8079.79 Crore on year on year basis whereas the Advances have increased by 15.58% to Rs.6973.53 from Rs.6033.62 Crore
The Total Business of the Bank has increased by 18.67% at Rs.16747.97 Crore from Rs.14113.41 Crore.
The Total Income increased by 16.61% at Rs.594.77 crore from Rs.510.05 crore. Net profit has increased by 29.29% to Rs.68.47 crore from Rs.52.96 Crore on year on
year basis. Advances to priority sector have been increased from Rs.2649.41 crore to Rs.3040.57
crore on year on year basis and by surpassing the statutory requirement of 40% to 45.61% of the bank's adjusted net bank credit (ANBC).
Advances to agriculture have been increased from Rs.917.28 crore to Rs.1249.83 crore on year on year basis. It constitutes 18.75% of the bank's adjusted net bank credit (ANBC) which is also more than the norms of 18% prescribed by RBI.
Networth crossed Rs.1000 Crore
For more details, click Financial Results for Half Year Ending September 30, 2009.
Special Achievements in F.Y. 2008 - 2009
The bank has been ranked No.1 among the cluster of 15 banks in overall performance with regard to Savings Bank Accounts in the survey conducted by Indian Banks' Association during the year 2008 through an approved agency.
The bank has been awarded with Dun & Bradstreet's - Banking Awards India's Top Banks 2009 for the category of Rural Reach among the Private Sector Banks.
The bank has been rated by Financial Express as No.2 among old private sector banks based on its performance for the year 2007-2008.
Performance Highlights as at March 31, 2009
Servicing about 2.5 million + delighted customers. Business volume was at Rs.16137 crore from Rs.13001 crore up by 24.12%. Deposits increased to Rs.9566 crore from Rs.7670 crore and recorded a growth of
24.72%. Advances (Gross) increased to Rs.6571 crore from Rs.5331 crore and recorded a growth
of 23.28%. Number of Savings Bank account crossed 11,84,000 (12,80,125 - as on 30.09.2009) mark Number of Current Account holders crossed 1,04,000 (1,08,483 - as on 30.09.2009) mark Brought all the 213 branches under FINACLE and achieved 100% networking. 125 own ATMs (76 Onsite and 49 Offsite) in major cities. Facility to access over 40696+ ATMs of 36 banks nationwide under National Financial
Switch (NFS) C.D Ratio of the Bank stood at 68.69%. The operating profit is at Rs.265.27 crore (previous year Rs.224.39 Crore) registering an
increase of 18.22%. Net Profit of Rs.150.21 crore was higher than that of the previous year at Rs.126.74 crore
(increase of 18.52% over last year). The Capital and Reserves of the bank had increased to Rs.988.52 crore from Rs.858.28
crore.(increase of 15.17% over previous year). The bank has migrated to New Capital Adequacy Framework under Basel II norms from
31.03.2009. Capital Adequacy Ratio as per Basel I 14.48% ( previous year 15.35%). As per Basel II
norms the CRAR stood at 16.05% Return on Equity stood at 16.08% (previous year 15.25%). Return on Assets was at 1.51% (previous year 1.58%). Business per employee increased to Rs.679 lakhs from Rs.542 lacs ? Profit per employee increased to Rs.6.43 lac from Rs.5.31 lac
Gross NPA was brought down to 1.81% from 2.25% Net NPA was brought down to 0.34% from 0.38%. Foreign Exchange Merchant Turnover for the year ended 31.03.2009 increased to
Rs.5781 Crore from Rs.4027 Crore.
More details at Performance Highlights F.Y. 2008 - 2009.
Complete Audited Balance Sheet as on March 31, 2009 Sheet I / Complete Audited Balance Sheet as on March 31, 2009 Sheet II.
Performance Highlights as at March 31, 2008
Net Profit of Rs.126.74 crore was higher than that of the previous year at Rs.105.77 crore (increase of 19.81% over last year).
Return on Equity stood at 15.41% (previous year14.94%). Business volume was at Rs.13002 crore from Rs.10067 crore up by 29.16% constituting
Deposits of Rs.7670 crore and advances of Rs.5331 crore. Deposits increased to Rs.7670 crore from Rs.6020 crore and recorded a growth of
27.42%. Advances increased to Rs.5332 crore from Rs.4047 crore and recorded a growth of
31.74%. C.D Ratio of the Bank improved to 69.50% from 67.23% Capital to Risk Adjusted Assets Ratio [CRAR] stood at 15.35%. Return on Assets was marginally increased to 1.58% from 1.57% Business per employee increased to Rs.542 lakhs from Rs.451 lacs Profit per employee increased to Rs.5.31 lacs from Rs.4.76 lacs Foreign Exchange Merchant Turnover increased to Rs.4027 crore from Rs.3923 crore by
registering growth of 2.66%. Gross NPA was brought down to 2.25% from 4.54% Net NPA was brought down to 0.38% from 0.98%. Brought all the 200 branches under FINACLE and achieved 100% networking. Servicing about 2 million + delighted customers. Number of Savings Bank account crossed 10,00,000 mark Facility to access over 19854+ ATMs nationwide 103 own ATMs in major cities Introduced four new deposit schemes with competitive rate of interest, i.e. TMB-55
Months, TMB-400 days, TMB-222 days and TMB-150 days. Started issuing Certificate of Deposit in Demat form
More details at Performance 2008 Press Release.
Performance Highlights as at March 31, 2007
Operating Profit for the year 2006-2007 was Rs.231.20 crore (increase of 18.98% over last year) up from Rs.194.32 crore for 2005-2006.
Net Profit of Rs.105.78 crore was higher than that of the previous year at Rs.101.19 crore.
Net owned funds increased to Rs.759.15 crore from Rs.656.79 crore with an increase of 15.58% over last year.
Return on Equity stood at 14.94% The Board has proposed a dividend of 1000% for the shareholders subject to approval of
the members at the Annual General Meeting. Earning per Share is Rs.3719/- which reflects the enhanced shareholders value. Capital Adequacy Ratio stood at 16.77%, which is higher in the Banking Industry. Business volume was at Rs.10067 crore from Rs.8329 crore up by 20.87% constituting
Deposits of Rs.6020 crore and advances of Rs.4047 crore. Deposits increased to Rs.6020 crore from Rs.5203 crore and recorded a growth of
15.70%. Advances increased to Rs.4047 crore from Rs.3126 crore and recorded a growth of
29.46%. C.D Ratio of the Bank improved to 67.23% from 60%. Return on Assets at 1.57%. Business per employee increased to Rs.451 lakhs from Rs.358 lacs. Profit per employee increased to Rs.4.76 lacs from Rs.4.41 lacs. Foreign Exchange Merchant Turnover increased to Rs.3923 crore from Rs.3076 crore by
registering growth of 27.54%. Net NPA was brought down to 0.98% from 2.17%. Brought all the 183 branches under FINACLE and achieved 100% networking. Servicing about 2 million delighted customers. Facility to access over 12300+ ATMs nationwide. 50 own ATMs in major cities. Introduced three new deposit schemes with competitive rate of interest, i.e. TMB-555,
TMB-444 & Tax Savings Deposit Schemes (Malligai & Mullai). New loan products viz., TMB-SME credit and TMB-Banana Cultivation under tissue
culture were introduced. More thrust on helping the Rural Poor through Self Help Group - The Bank has doubled
its advances to the SHGs, i.e, from Rs.4.79 crore to Rs.10.55 crore which was benefited by 1507 SHGs.
Thrust has been given to increase Education Loan and in result the amount of advance has been increased to Rs.13.52 crore from Rs.7.16 crore which was benefited by 1306 students.
The Bank is actively participating in Financial Inclusion to inculcate savings habit among the underprivileged people and introduced TMB-Janatha Account (No Frill Account). The bank has multiplied its force and so far opened 51298 accounts under the scheme with balance of Rs.3.77 crore. Previously it was only 3976 accounts on 31.03.2006.
Tie up arrangement with Franklin Templeton Asset Management Company Ltd., in addition to the existing ICICI Prudential, UTI & Reliance Capital Asset Management Companies to distribute their Mutual Fund Products.
More details at Performance 2007 Press Release.
Performance Highlights as at March 31, 2006
Operating Profit for the year 2005-2006 was Rs.198.91 crore up from Rs.174.21 crore for 2004-2005.
Net Profit of Rs.101.19 crore was higher than that of the previous year at Rs.82.35 crore. Capital Adequacy Ratio stood at 18.33% Net owned funds increased to Rs.656.79 crore ( increase of 17.53% over last year).
Return on Equity stood at 16.65%. Business volume was at Rs.8329 crore, up by 11.75% constituting Deposits of Rs.5203
crore and advances of Rs.3126 crore. Average Deposits increased by Rs.526.02 crore and recorded a growth of 12.26%. Cost of Deposits was down to 5.96% a reduction of 19 basis points. Advances increased to Rs.3126 crore and recorded a growth of 19%. Yield on Advances was at 10.01% as on 31st March 2006. C.D Ratio of the Bank improved from 54% to 60% Return on Assets at 1.67%. Business per employee increased to Rs.358 lakhs Handled Foreign Exchange Merchant Turnover
Rs.3076 crore. Net NPA was brought down from 2.95% to
2.17%. Brought all the 173 branches under FINACLE
and achieved 100% networking. Anywhere banking facility extended to all the
branches including 36 rural branches. Servicing about 2 million delighted customers. Access to over 5500+ ATMs nationwide 37 own ATMs in major cities All branches enabled to provide RTGS Facility -
Any Bank / Any Branch Money Transfer. Introduced KIDS Recurring Deposit scheme for
children and Santhosh deposit scheme for senior citizens.
Launched "No Frills" savings bank account scheme called "TMB - Janatha" to cater to the needs of low income group people who normally do not have access to banking services.
Became a Depository Participant through NSDL. Became a clearing banker for National Commodities and Derivatives Exchange Ltd.,
(NCDEX). Tie up arrangement with National Collateral Management Services Ltd to advance
against warehouse receipts. Tie up arrangement with Prudential ICICI, UTI Asset Management Company, Reliance
Capital Asset Management Company Ltd., and Franklin Templeton Asset Management Company Ltd., to offer Mutual Fund Services.
Performance Highlights as at March 31, 2005
Operating Profit for the year 2004-2005 was Rs.174.21 crore up from Rs.169.89 crore for 2003-2004.
Net Profit of Rs.82.35 crore was higher than that of the previous year at Rs.80.68 crore. Net owned funds increased to Rs.558.84 crore ( increase of 17.20% over last year). The Board has proposed a dividend of 250% for the shareholders subject to approval of
the members at the Annual General Meeting. Capital Adequacy Ratio stood at 19.74%. Business volume was at Rs.7453 crore, up by 14.34%. Deposits increased to Rs.4826.88 crore and recorded a growth of 9.60%. Cost of Deposits was down to 6.15% a reduction of 78 basis points. Advances increased to Rs.2626.24 crore and recorded a growth of 24.23%. Yield on Advances was at 10.39% as on 31st March 2005. C.D Ratio of the Bank improved from 47.99% to 54.40%. Return on Assets at 1.47%. Business per employee increased to Rs.316.97 lakhs. Handled Foreign Exchange Business Rs.2740 crore. Net NPA was brought down from 5% to 2.95%. Brought all the 172 branches under FINACLE and achieved 100% networking. Anywhere Banking facility extended to 156 branches including 36 rural branches. Servicing about 1.8 million delighted customers. Access to over 4400 ATMs nationwide. 25 own ATMs in major cities. 45 branches enabled to provide RTGS Facility - Any Bank/Branch Money Transfer. Tie-up with AMP Sanmar to offer Insurance linked - RD Savings Plan Siranjeevee
Deposit. Tie up with Western Union Money Transfer to facilitate money transfer from abroad.
Performance Highlights as at March 31, 2004
Total business crossed Rs. 6500 crores. Interest income as % to working funds is at higher level of 10.65%. Operating profit of Rs. 169.89 crores. Net profit of Rs. 80.68 crores. Capital Adequacy Ratio at 21.07%. Net owned funds crossed Rs. 476 crores. FOREX business crossed Rs. 2600 crores. Profit per employee Rs. 3.69 lakhs. Business per employee Rs. 292.43 lakhs. 98% of the branches interconnected. Ratio of Net NPAs to Net Advances reduced from 8.70% to 5.00%. Only old Private Sector Bank in Tamilnadu which has adopted RTGS operations.
BRANCHES:
TMB today operates its own network of 234 branches spread all over India. Apart from our own branch network, we have a tie up with the IDBI Bank as well as HDFC Bank taking the total transactable branch counting of 873. Please select the state to see a snapshot of all the branches in that particular state. Click the specific branch to get complete details of the chosen branch.
TMB Share Transfer Procedure:
Any person who is lodging the documents for share transfer / transmission is required to furnish following documents.
1. Copy of the PAN card of the Transferee.
2. Copy of Proof of Address of the Transferee.
ATM CENTERS:
TMB Banks today operates is own network of 185 ATM Centers all over India. Apart from our own ATM network, we have a tie up with the National Financial Switch (NFS) through which our ATM Cards can be used at any of the ATM's operated by forty other banks:
Allahabad Bank Andhra Bank Axis Bank Bank of Baroda Bank of India Bank of Maharashtra Barclays Bank Canara Bank Catholic Syrian Bank Central Bank of India City Union Bank Corporation Bank Cosmos Cooperative Bank Dena Bank Development Credit Bank Dhanalakshmi Bank
Federal Bank HDFC Bank ICICI Bank IDBI Bank Indian Bank Indian Overseas Bank IndusInd Bank Limited Jammu and Kashmir Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank Oriental Bank of Commerce Punjab & Sind Bank Punjab National Bank South Indian Bank Standard Chartered Bank State Bank of India Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank Yes Bank Ltd.
As of September 2010, the NFS Network now connects 62,863 ATMs and our Bank customers can access these ATMs for withdrawal/balance enquiry. This other bank ATM Access facility is available at a very nominal cost.
For the Kind Attention of ATM Card Customers
As per RBI advice, the following instructions are applicable to ATM transactions in India w.e.f. 15th October 2009:(1.a.) For the customers of other banks, maximum cash withdrawal would be Rs. 10,000/- per transaction.(1.b.) Cash withdrawals from ATMs of banks other than TMB more than five times in a month, may attract levy of Rs.20/- [including Service Tax] per transaction as service charges.(2.) The facility of free cash withdrawal on other bank ATMs as stated above is extended only to the Savings Bank Account holders and not to the Other type of Account holders such as Current/Overdraft/Cash Credit Account holders.
Frequently Asked Questions about ATM's
To know more and get answers to your Frequently Asked Questions (FAQ), click here.
Contact Details of All NFS Member Banks
Find linked, the list of NFS Member Banks Contact Details for ATM Queries.
ATM Usage Related Complaints Template
In case of any problem in accessing any of our ATM's, please download the ATM Complaint Registration Template Document (PDF) and fill up the same to be handed over to the bank branch where the ATM card holder has his account.
Forex ServicesThe Forex Department at IBD, Chennai is equipped with state of art fully loaded and most modern dealing room with dedicated and experienced financial executives manning the forex services to cater to the ever growing customer base utilizing our forex services.
Forex Services:
Competitive exchange rates Export finance Import finance All types of Inward and Outward remittances Foreign Currency TC Exchange rate counseling Derivatives to Hedge forex risks offered Foreign Currency Loans Fast and efficient services Wide correspondent bank network all over the Globe Full fledged state of art fully loaded Modern Dealing Room.
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