Tamilnad Mercantile Bank Limited

Tamilnad Mercantile Bank AGM in January 2016- IPO To be Discussed

Last AGM was g held in January 2011.

After 5 years , pending 6 AGM s ( 88th to 93 ) to be held on a single day in January 2016.

12 Agendas includes (1) Rights Issue (2) IPO.

Please Click :-

http://www.business-standard.com/article/finance/tamilnad-mercantile-bank-agm-in-january-will-discuss-ipo-proposal-115122200688_1.html

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May 16, 2016

Tamilnad Mercantile Bank Bonus ( 500:1 ) 25 /05/2016- Record Date

Bonus in the ratio of 500 shares for every one share ( Rs.10 paid up ) held on Record Date

Record date : Wednesday, 25 th May , 2016

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old post 

Tamilnad Mercantile Bank Limited 

Eq Sh Capital Rs 27 lakh

Reserves Rs 1200 cr

Face Value :Rs. 10

Share Certificate Lot : 1

Book Value Rs. 45000

 EPS Rs.6700.

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 Nadarbusiness 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 9am in Ana Mavanna Building at South Raja Street, Tuticorin. The bank was having only 4 branches until 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 505 full fledged branches all over India, 12 Regional Offices, 11 Extension Counters, 6 Central Processing Centres, 1 Service Branch, 4 Currency Chests and 1062 Automated Teller Machines. All the 505 branches are computerised and 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 & has industrial finance branches at Coimbatore, Chennai and Secunderabad. The Bank has launchedATM Card from Nov 11, 2003.

credit 

http://philamirror.info/2017/05/18/meghdoot-postcard-released-on-tamilnad-mercantile-bank-tmb/

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http://www.rareindianshares.info/2016/05/now-in-demat-tamilnad-mercatile-bank.html

For further study , please click the following links :-

http://www.livemint.com/2009/12/07233614/8216Outsiders8217-no-lon.html

http://www.tnmbonline.com/a_financials.htm

http://www.tnmbonline.com/a_management.htm 

http://www.tnmbonline.com/ 

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Message

We are selling shares of Tamilnad Mercantile Bank at Rs 62500 per share. Very ltd quantity

If interested

call/sms
09869251465
or
email at
dharawat1@gmail.com

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Please , also , read :-

January 31, 2016

Nadar Shareholders Oppose TMB’s IPO Proposal-Outcome of TMB AGM

http://www.rareindianshares.info/2016/01/nadar-shareholders-oppose-tmbs-ipo.html

Information Circulated in Good Faith ( as received from a Blog Reader  ). Please recheck every fact . No responsibility with this Blog / Blog Writer