The Tamilnad Mercantile Bank (TMB) will provide more attention to micro, small and medium enterprises and will encourage lending to auxiliary units, especially in the power sector, said Mr K.B. Nagendra Murthy, Managing Director and Chief Executive Officer of the bank.
Addressing a press conference in the city on Monday, Mr Murthy said the bank would strive to reduce footfalls in its branches by providing value-added services in other delivery channels.
The focus area would be current account/savings account. The Capital to Risk Adjusted Assets Ratio stood at 14.69 per cent, above the minimum stipulated level of 9 per cent.
Total business at June 30, stood at Rs 32, 229 crore. Deposits have recorded 28 per cent growth, and advances 37 per cent, he said.