Tamilnad Bank to keep focus on small biz lending, open 25 new branches

RBI in October 2022 lifted its three-year ban on lender from opening new branches

Tamilnad Mercantile Bank (TMB) has said it will continue its focus on the retail, agriculture and MSME (RAM) segments, retaining them for 80-85 per cent of its total loan portfolio.

The Thoothukudi-based bank will open 25 new branches by March this year, after the Reserve Bank of India (RBI) lifted its three-year ban in October last year.

TMB is one of India’s oldest private sector banks, established over 100 years ago in 1921 as Nadar Bank and catering to micro, small and medium enterprises (MSME), agricultural and retail customers. In the third quarter of the current financial year, the share