About Tamilnad Mercantile Bank
Our achievements over the past year demonstrate the strength of our retail-focused business mix, as well as the client-driven franchise model of our bank.
In the past 12 months to March 2018, our deposits have stood at Rs. 32,428 Crores, whereas our loan book has increased by 8.40% to Rs. 24,133 Crores. Our focus on CASA over the previous two years is paying off, with our CASA position reaching Rs. 8,210 Crores with a growth rate of 10%.
With the thrust on advances to priority sectors like Agriculture, MSME, education, housing etc. it constitute 65.38% of the bank’s ANBC as against the required benchmark of 40%. Advances to Priority sector has increased to Rs. 14,652 Crores from Rs. 12,961 Crores with a growth rate of 13.05%. The agriculture advances has increased from Rs. 4,330 Crores to Rs. 5,153 Crores. Credit to MSME sector has increased from Rs. 7,560 Crores to Rs. 8,248 Crores with the growth rate of 9.10%.