Tamilnad Mercantile Bank is currently trading at Rs. 508.75, up by 4.35 points or 0.86% from its previous closing of Rs. 504.40 on the BSE.
The scrip opened at Rs. 504.00 and has touched a high and low of Rs. 509.45 and Rs. 502.85 respectively. So far 2591 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 557.00 on 01-Dec-2025 and a 52 week low of Rs. 403.35 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 515.15 and Rs. 499.05 respectively. The current market cap of the company is Rs. 8031.59 crore.
The Institutions holding in the company stood at 6.62%, while Non-Institutions held 93.38% in the company.
Tamilnad Mercantile Bank (TMB) has successfully launched online collection of Employees’ Provident Fund (EPF) payments through its Internet Banking platform, with direct integration between the EPFO portal and TMB’s Internet Banking application.
With this new facility, MSME units / Retailers / Wholesalers / Big Corporate Customers, who have employed more than 20 or more employees / staff, can remit EPF contributions, including monthly salary deductions of employees, directly through TMB Internet Banking without the need to visit bank branches. The launch reaffirms TMB’s commitment to digital banking excellence, improved compliance convenience, and strengthened collaboration with statutory bodies for the benefit of its customers.
Tamilnad Mercantile Bank is one of the oldest private sector banks in the country. It offers a wide range of banking and financial services primarily to Micro, Small and Medium Enterprises (MSME), agricultural and retail customers.
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