Tamilnad Mercantile Bank (TMB) Informs Exchanges About New Branch Opening in Andhra Pradesh

Tamilnad Mercantile Bank Limited (TMB), a prominent Indian private-sector bank, has announced a strategic expansion, confirming the opening of a new branch in Andhra Pradesh.

This move, formally intimated to regulatory bodies, signals the bank’s continued efforts to broaden its geographic reach.

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Andhra Pradesh Branch Confirmed:

The new location slated for opening on 22 October 2025 is situated in Ongole, Prakasam District, Andhra Pradesh. The full address provided is D.No:37-1-174, VSS Towers, Kurnool Road, Ongole, Andhra Pradesh – 523002.

TMB, which trades on the National Stock Exchange (NSE: TMB) and the Bombay Stock Exchange (BSE: 543596), filed the necessary intimation regarding this new branch opening with both exchanges.

This expansion adds to the bank’s already significant physical network, which stood at 598 full branches throughout India as of 2025.

TMB also maintains 12 regional offices, two link offices, two central processing centres, one service branch, four currency chests, 48 eLobby centres, 262 cash recycler machines, and 1,151 automated teller machines (ATM).

Tamilnad Mercantile Bank has a long history of adopting technological advancements.

It was the first private sector bank in India to introduce computerisation for branch-level operations, adopting modernisation as early as 1983.

The bank has since implemented robust digital services, achieving 100% connectivity across its branches using Infosys’s “FINACLE” software.

TMB offers modern banking solutions, including RTGS/NEFT facilities in ebanking, and has tie-ups with several payment gateway services like BillDesk, CCAvenue, and PayU India. Notably, the bank was the first old bank to introduce mobile banking and provide Point of Sale (POS) machines to customers.

It also holds the distinction of being the first bank in south India to offer ASBA (Application Supported by Blocked Amount) facilities.

In terms of market presence, TMB remains a major player in foreign exchange, achieving a turnover of ₹ 15,726 crores for the year ended March 2019, ranking first among Tamil Nadu-based private sector banks in forex turnover.

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