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  • Tamilnad Mercantile Bank to soon detail branch expansion strategy to board, MD says Oct 28, 2022 02:35 PM IST

    Tamilnad Mercantile Bank to soon detail branch expansion strategy to board, MD says

    Currently, TMB has a pan-India presence with 509 branches and 12 regional offices across 16 states and four Union territories

  • Moneycontrol Selects: Top stories this evening Sep 15, 2022 06:58 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game.

  • Tamilnad Mercantile Bank stock ends at moderate discount to issue price Sep 15, 2022 05:35 PM IST

    Tamilnad Mercantile Bank stock ends at moderate discount to issue price

    Tamilnad Mercantile Bank | The precarious legal challenges, the lack of complete clarity on the management's long-term performance, and less than stellar subscription numbers are some of the reasons for its negative listing, Santosh Meena of Swastika Investmart said.

  • What should you do with Tamilnad Mercantile Bank shares after lacklustre listing? Sep 15, 2022 12:44 PM IST

    What should you do with Tamilnad Mercantile Bank shares after lacklustre listing?

    The IPO had received a subscribe rating from the brokerages, given the strong financials, The IPO received a ‘subscribe’ rating from securities firms, given the bank’s strong financials, improving asset quality with declining non-performing assets and growing deposits.

  • Tamilnad Mercantile Bank debuts with 3% discount at Rs 495 Sep 15, 2022 10:00 AM IST

    Tamilnad Mercantile Bank debuts with 3% discount at Rs 495

    Tamilnad Mercantile Bank is the 19th listing on the BSE and NSE in the current calendar year.

  • Tamilnad Mercantile Bank to debut in market today: What could be listing price? Sep 14, 2022 07:33 PM IST

    Tamilnad Mercantile Bank to debut in market today: What could be listing price?

    The lower premium in the grey market may also impact the listing performance, experts say.

  • Tamilnad Mercantile Bank IPO share allotment likely today. Here's how to check status online Sep 12, 2022 01:35 PM IST

    Tamilnad Mercantile Bank IPO share allotment likely today. Here's how to check status online

    Tamilnad Mercantile Bank | The refunds will be credited to the bank accounts of unsuccessful investors by September 13, while the shares will be transferred to the demat accounts of eligible investors by September 14.

  • Here’s why Tamilnad Mercantile Bank has a lower grey market premium Sep 08, 2022 05:26 PM IST

    Here’s why Tamilnad Mercantile Bank has a lower grey market premium

    A regulatory hangover, lower IPO subscription, rich valuation and uncertainty over the management's likely long-term performance are behind the muted performance by Tamilnad Mercantile Bank shares in the informal market, say experts.

  • Tamilnad Mercantile Bank IPO subscribed 2.86 times on last day Sep 07, 2022 07:31 PM IST

    Tamilnad Mercantile Bank IPO subscribed 2.86 times on last day

    The Rs 831.6-crore public offer received bids for 2,49,39,292 shares against 87,12,000 shares on offer

  • Tamilnad Mercantile Bank IPO subscribed 2.86 times on day three as retail portion booked 6.48 times Sep 07, 2022 10:12 AM IST

    Tamilnad Mercantile Bank IPO subscribed 2.86 times on day three as retail portion booked 6.48 times

    Tamilnad Mercantile Bank is going to raise Rs 831.60 crore at the upper end of the price band of Rs 500-525 per share. This is entirely a fresh issue, hence the money will be utilised for augmenting tier one capital base to meet future capital requirements.

  • Moneycontrol Selects: Top stories this afternoon Sep 06, 2022 12:42 PM IST

    Moneycontrol Selects: Top stories this afternoon

    Our specially curated package of the most interesting articles to help you stay at the top of your game

  • Tamilnad Mercantile Bank IPO Day 2: Total subscription at 1.53 times, retail portion booked 3.61 times Sep 06, 2022 10:44 AM IST

    Tamilnad Mercantile Bank IPO Day 2: Total subscription at 1.53 times, retail portion booked 3.61 times

    Tamilnad Mercantile Bank plans to raise Rs 831.60 crore through its public issue, of which Rs 363 crore has already been raised from the anchor book on September 2.

  • Subscribe to Tamilnad Mercantile Bank: Anand Rathi Sep 06, 2022 09:48 AM IST

    Subscribe to Tamilnad Mercantile Bank: Anand Rathi

    Anand Rathi has come out with its report on Tamilnad Mercantile Bank. The research firm has recommended to ''Subscribe'' the ipo in its research report as on September 04, 2022.

  • Tamilnad Mercantile Bank IPO Day 1 | Issue subscribed 83%, retail portion booked 1.53 times Sep 05, 2022 12:19 PM IST

    Tamilnad Mercantile Bank IPO Day 1 | Issue subscribed 83%, retail portion booked 1.53 times

    Tamilnad Mercantile Bank IPO | The company is looking to raise Rs 831.60 crore through the issue, which closes on September 7, and will use the proceeds to meet capital requirements

  • Subscribe to Tamilnad Mercantile Bank: Hem Securities Sep 05, 2022 10:56 AM IST

    Subscribe to Tamilnad Mercantile Bank: Hem Securities

    Hem Securities has come out with its report on Tamilnad Mercantile Bank. The research firm has recommended to ''Subscribe'' the ipo in its research report as on September 03, 2022.

  • Should investors subscribe to Tamilnad Mercantile Bank IPO? Sep 05, 2022 10:31 AM IST

    Should investors subscribe to Tamilnad Mercantile Bank IPO?

  • As Tamilnad Mercantile Bank IPO opens today, should you subscribe? Sep 05, 2022 09:14 AM IST

    As Tamilnad Mercantile Bank IPO opens today, should you subscribe?

    Most analysts said retail investors should apply for the IPO citing consistent financial performance and healthy asset quality. At the same time, a few are cautious in the short term as they see a couple of risks.

  • Subscribe to Tamilnad Mercantile Bank: ICICI Direct Sep 05, 2022 08:27 AM IST

    Subscribe to Tamilnad Mercantile Bank: ICICI Direct

    ICICI Direct has come out with its report on Tamilnad Mercantile Bank. The research firm has recommended to ''Subscribe'' the ipo in its research report as on September 03, 2022.

  • Krishnan Sankarasubramaniam takes over as Tamilnad Mercantile Bank MD & CEO Sep 04, 2022 05:41 PM IST

    Krishnan Sankarasubramaniam takes over as Tamilnad Mercantile Bank MD & CEO

    Sankarasubramaniam succeeds K V Rama Moorthy and his term would be for a period of three years, which has been approved by the Reserve Bank of India.

  • Tamilnad Mercantile Bank anchors Rs 363 crore before today's IPO float Sep 02, 2022 09:27 PM IST

    Tamilnad Mercantile Bank anchors Rs 363 crore before today's IPO float

    The company has decided to allocate 71.28 lakh equity shares to anchor investors at Rs 510 apiece, aggregating the transaction size to Rs 363.53 crore, according to a circular uploaded on the BSE website.

  • Subscribe to Tamilnad Mercantile Bank: Ajcon Global Sep 01, 2022 10:10 PM IST

    Subscribe to Tamilnad Mercantile Bank: Ajcon Global

    Ajcon Global has come out with its report on Tamilnad Mercantile Bank. The research firm has recommended to ''Subscribe'' the ipo in its research report as on September 01, 2022.

  • Tamilnad Mercantile Bank looks out to select MD and CEO Apr 25, 2022 07:37 AM IST

    Tamilnad Mercantile Bank looks out to select MD and CEO

    The requirements relating to age and salary can be relaxed in the case of candidates with exceptional credentials, the bank said. The application should reach the Bank on or before 10th May 2022, it said.

  • Banks should embrace digitisation to ensure govt schemes reach needy: FM Sitharaman Sep 12, 2021 02:28 PM IST

    Banks should embrace digitisation to ensure govt schemes reach needy: FM Sitharaman

    Stating that the government distributed Rs 1,500 in three installments to the needy through their bank accounts during the Covid-19 outbreak, Sitharaman said there are lot of changes happening in the banking sector at a 'fast pace' through digitisation.

  • Tamilnad Mercantile Bank IPO: Lender files draft papers with SEBI to raise funds Sep 06, 2021 11:57 AM IST

    Tamilnad Mercantile Bank IPO: Lender files draft papers with SEBI to raise funds

    Tamilnad Mercantile Bank IPO offer comprises a fresh issue of 15,827,495 equity shares and an offer for sale (OFS) of 12,505 equity shares by existing shareholders

  • RBI imposes Rs 35 lakh fine on Tamilnad Mercantile Bank Oct 28, 2019 03:33 PM IST

    RBI imposes Rs 35 lakh fine on Tamilnad Mercantile Bank

    The bank has been penalised for "non-compliance with certain provisions of directions issued by RBI on frauds classification and reporting by commercial banks and select FIs directions 2016," the RBI said in a release on October 25.