RBI has authorised TMB for undertaking Government Business on behalf of RBI
Posted on: 01/Dec/2022 2:12:38 PM
Tamilnad Mercantile Bank Limited (TMB), one of the premier scheduled commercial Banks, has realigned its vision of expanding network to enhance its business after the listing of the Bank’s shares in the stock exchanges. Marching towards the vision, the bank has been authorized as an Agency Bank for undertaking Government Business, by RBI, now.
S.Krishnan, MD & CEO, Tamilnad Mercantile Bank Limited (TMB) said, “On getting listed in the Stock Exchanges, Tamilnad Mercantile Bank Ltd., is back to enrich our vision in expanding the network PAN India, with added features in the products and services. Adding to the momentum, the bank has been authorised by RBI for undertaking Government Business on behalf of RBI and thereby executed an agreement with RBI at Mumbai for having appointed Tamilnad Mercantile Bank Ltd. as an agency bank of RBI for undertaking Government Agency Business. It gives me immense pleasure in sharing this appointment by RBI to all our stakeholders.”
Tamilnad Mercantile Bank Limited (TMB), one of the renowned Old Private Sector Banks having its Head Quarter in Thoothukudi, Tamilnadu has a long cherished history of 100+ years of eventful existence with strong fundamentals and an enviable track record of continuous profit making in the industry. TMB is having pan India presence with 509 branches and 12 Regional Offices across 16 states and 4 Union Territories serves more than 5 million delighted customers.
For more information, please visit the company’s website at www.tmb.in
