24/4/2025, 2:19:03 pm

Tamilnad Mercantile Bank to bet on transaction business unit to engage HNIs

Tamilnad Mercantile Bank has launched initiatives to improve CASA deposits, including a transaction business unit, global NRI center, and services for HNI clients. Despite 8.43% deposit growth, below market levels, the bank aims to align with market standards by FY26. It targets 15-18% advance growth in FY26, focusing on retail, agriculture, and MSME sectors, and plans to open 50 branches.