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Tuesday, November 06, 2007

Tuticorin based Mercantile Bank opens two branches

The Tamilnad Mercantile Bank Limited has opened its 195th and 196th branches recently.

A release from TMBL head office here said that the Minister for Social Welfare, Poongothai, inaugurated the 195th branch at Sholinganallur in Kancheepuram district.

Meanwhile, B. Ramachandra Adityan, ex-director of TMBL, opened the 196th branch and 75th ATM at Shenkottai.

G. Narayanamoorthy, Chief Executive Officer, TMBL, said that the bank opened the branch at Shenkottai to give a fillip to timber exporters and to improve Forex revenue of the bank.

He said that the bank had become a member of National Financial Switch, which would enable the customer’s to withdraw money from ATMs of 25 other member banks of NFS.

He said that the bank would bear the cash withdrawing charges at NFS ATMs for its SB premium customers and the current account customers who had maintained an average balance of Rs.25,000 and above.

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