Tamilnad Mercantile Bank Expands Footprint, Opens 5 New Branches

• Tamilnad Mercantile Bank (TMB) opened five new branches in Velandipalayam, Kalapatti, Davanagere, Puthukkadai, and Nikol.
• This expansion is part of the bank's strategic plan to increase its presence in these areas.
• Thiru S Balasubramanian was appointed as Deputy Vice President and Data Protection Officer, effective December 26, 2025.
• TMB reported an 11.47% year-on-year growth in its total business, reaching ₹1,02,417 crore in Q2.
• The bank's share price closed at ₹504.15 on Friday, December 26, marking a 1.59% decrease.

Why It Matters: TMB expands operations with 5 new branches and reports strong Q2 business growth.