Vice President Shri C. P. Radhakrishnan graced the 105th Foundation Day celebrations of Tamilnad Mercantile Bank (TMB) in Thoothukudi on November 11, 2026. The event marked the bank's remarkable 105-year journey since its origins in 1921 as Nadar Bank Limited.
TMB has grown into a major banking institution with 632 branches across 17 States and four Union Territories, serving over 53 lakh customers. The bank recorded total business exceeding ₹1.30 lakh crore, demonstrating its significant scale and market presence.
The Vice President emphasized the vital role of banks in nation-building and called for responsible lending practices. He specifically highlighted the need to extend financial support to MSMEs, farmers, small traders, entrepreneurs, and women-led enterprises to contribute to the vision of Viksit Bharat @2047. The address noted India's remarkable economic progress and the crucial role of the banking sector in achieving national development goals.
The transformation brought about by digital banking and UPI was acknowledged, along with the expansion of financial inclusion that has enabled more people to access formal banking services. While commending TMB's recent performance and technological progress, the Vice President urged the bank to continue strengthening cybersecurity measures, safeguard customers' money and personal data, and embrace innovation. He also stressed that the bank should remain rooted in Thoothukudi, its place of origin, even as it expands its national presence.
The event was attended by Tamil Nadu Governor Shri Rajendra Vishwanath Arlekar, TMB Part Time Chairman Shri K. Ramachandran, Managing Director and CEO Shri Salee S. Nair, Executive Director Shri Vincent Menachery, along with members of the Board and senior officials.