He graced the 105th Foundation Day celebrations of TMB in Thoothukudi and called upon the bank to aspire to become one of India’s leading private sector banks in the coming years. The origins of Tamilnad Mercantile Bank Ltd. trace back to 1921, when it was founded as The Nadar Bank Ltd. in Tuticorin under the visionary leadership of the Nadar business community.
Congratulating the bank on its remarkable 105-year journey, the Vice President recalled its origins in 1921 as Nadar Bank Limited and commended its contribution to the country’s banking sector.
He said that, from its humble beginnings, the bank has grown into a major banking institution with 632 branches across 17 States and four Union Territories, serving over 53 lakh customers and recording total business exceeding Rs1.30 lakh crore.
Radhakrishnan encouraged the bank to continue strengthening its cybersecurity infrastructure, safeguarding customers’ money and personal data, and embracing innovation.
He expressed confidence that the bank would continue to scale greater heights and establish itself among India’s leading private sector banks.
Tamil Nadu Governor Rajendra Vishwanath Arlekar, TMB Part Time Chairman Shri K. Ramachandran, Managing Director and CEO Salee S. Nair, Executive Director Vincent Menachery, members of the board and senior officials were present on the occasion.
“Completing 105 years is a significant milestone for Tamilnad Mercantile Bank and a reflection of the trust that generations of customers have placed in us. Our journey, which began in Thoothukudi in 1921, has been guided by a strong commitment to serving communities and supporting India’s economic progress,” Salee S. Nair, Managing Director & CEO, Tamilnad Mercantile Bank, said.
“As we look ahead, our focus is on building a more agile, technology-driven and customer-centric bank. The inauguration of new branch, introduction of new banking products and deployment of technology-led initiatives such as a Renowned careers portal a dedicated platform to connect with prospective job seekers and facilitate recruitment. LinkedIn Learning Platform an employee learning and development initiative aimed at enhancing employee’s knowledge, skills and professional competencies,” he said.
As part of the 105th Foundation Day celebrations, TMB unveiled a slew of business, product and technology initiatives aimed at strengthening its customer offerings, expanding its reach and enhancing operational efficiency. The bank virtually inaugurated one new branch Thoothukudi Anna Nagar, Tamil Nadu. It also launched a new credit card, further expanding its banking and financial offerings.
