Vice President graces the 105th Foundation Day celebrations of Tamilnad Mercantile Bank (TMB) in Thoothukudi
PIB National (English) · Published 11 November 2026 · Last updated
Vice President Shri C. P. Radhakrishnan urged Tamilnad Mercantile Bank during its 105th Foundation Day celebrations to scale up as a leading private sector bank while bolstering financial inclusion and responsible lending.
Key points
- Vice President Shri C. P. Radhakrishnan graced the 105th Foundation Day celebrations of Tamilnad Mercantile Bank in Thoothukudi on November 11, 2026.
- Governor of Tamil Nadu Shri Rajendra Vishwanath Arlekar, Part Time Chairman Shri K. Ramachandran, and MD & CEO Shri Salee S. Nair attended the event.
- The financial institution originated in 1921 under the name Nadar Bank Limited before evolving into its current corporate identity.
- The bank currently operates 632 branches spread across 17 States and four Union Territories.
- The institution serves over 53 lakh customers and has recorded a total business exceeding ₹1.30 lakh crore.
- The Vice President commended the bank's digital banking integration and its embrace of UPI to widen formal financial access.
- The dignitary specifically instructed the bank to maintain its corporate roots in Thoothukudi while aggressively expanding its national footprint.
- Management was urged to prioritize robust cybersecurity protocols to safeguard customer funds and personal data against emerging digital threats.
Background
- The banking institution was established in 1921 as Nadar Bank Limited to cater to commercial and regional credit requirements.
- Over its 105-year journey, the entity expanded from its southern regional origins into a multi-state scheduled commercial private sector bank.
Prelims facts and Mains angle for this issue are in the full SWAदेSH note.
Original report: PIB National (English)