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 Money & Banking - Private Banks
States - Tamil Nadu
TMB branch opened at Panruti

Madurai, Oct. 31

Tuticorin-based Tamilnad Mercantile Bank (TMB) has opened its 194th branch at Panruti in Cuddalore district with safety locker facility, ATM and computerised operations. Mr G. Narayana Moorthy, Managing Director and CEO of the bank, speaking on the occasion, said that the bank has been providing varied services to the exporting and importing communities and the bank registered Rs 3,963 crore in foreign exchange in 2006-07 growing at 27.51 per cent year-on-year. The bank has entered into a tie-up with Religare Securities for providing off-line share trading facilities to its customers, he added. - Our Correspondent

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