Message from the CEO Desk

a message from our managing director and ceo
Our MD and CEO - K.V. Rama Moorthy

Dear Our Valued Customer,

Greetings from TMB. It is a great pleasure for me to place before you, our financial results for the year ended Mar 31, 2017 along with major initiatives taken.

Financial Performance:

The Bank’s total business at the end of FY 2017 was Rs. 54,162.47 Crores, with a growth rate of 2.30% on year-on-year basis. The Bank’s deposits recorded a growth rate of 6.00% during the year by reaching Rs. 32,190.15 Crores. CASA has increased from Rs. 5,891.68 Crores to Rs. 7,478.54 Crores with a growth of 26.93%. The Bank’s total advances crossed Rs. 21,972.32 Crores.

The Bank has been giving continued thrust on advances to Priority Sectors like Agriculture, MSME, Education, Housing etc. Advances to Priority sector has increased from Rs. 11,976.95 Crores to Rs. 12,960.75 Crores with a growth rate of 8.21% and was 55.25% of ANBC as against the RBI mandated minimum requirement of 40%. The Advances to Agriculture sector has increased from Rs. 3,764.61 Crores to Rs. 4,330.39 Crores. The Advances to Agriculture Sector constitute 18.46% of total advances, which is higher than the regulatory requirement of 18%. Credit to MSME sector has increased from Rs. 7,041.57 Crores to Rs. 7,559.55 Crores with the growth rate of 7.36%.

The Gross NPA was at 2.91% of total advances and Net NPA was at 1.74% of total advances.

Interest Income during the year has increased from the level of Rs. 3,252.17 Crores to Rs. 3,380.96 Crores at 3.96%. The Other Incomes were to the tune of Rs. 430.39 Crores. The Interest Expenditure has increased from the level of Rs. 2,208.16 Crores to Rs. 2,230.15 Crores.

The Operating Profit is Rs. 875.63 Crores and the Net Profit for the year is Rs. 316.66 Crores. The Net Interest Income (NII) increased from Rs. 1,044.01 Crores to Rs. 1,150.81 Crores at 10.23%.

The Capital to Risk weighted Assets Ratio (CRAR) as on 31st March 2017 was 14.02%. The Book Value per Share stood at Rs. 226.23 and the face value of the share is Rs. 10.00

Network Expansion:

We have added 18 branches and 48 ATMs during the last financial year. The Bank has geographical presence in 16 states and 4 Union Territories. 5 e-lobbies were opened, 2 Central Retail Asset Processing Cell were opened in Coimbatore & Chennai, 2 Regional Offices were opened in Ahmedabad & Salem. As on March 31, 2017, the Bank’s network was at 505 branches and 1063 ATMs. We serve more than 3.6 million delighted customers.

Major initiatives taken during the year 2016-2017:

  • MOU signed with National Small Industries Corporation to provide credit facilities to MSME entrepreneurs.
  • Revamped Deposit products TMB VISA, TMB Santhosh and TMB Royal.
  • Launched 9 advance related Products ie) TMB Poultry Farm Broiler Loan, TMB Poultry Farm Layer Loan, TMB Inland Fisheries Composite Fish Farm Loan, TMB Brackish Water Shrimp Farm Loan, TMB Mini Dairy Loan, TMB Commercial Dairy Loan, TMB National Rural Livelihood Mission, TMB National Urban Livelihood Mission and TMB Loan Against Property.
  • Introduced Corporate Internet Banking facility for Corporate entities.
  • Introduced Digital Account opening system.
  • Launched Debit Cards ie) TMB Titanium Debit Card, TMB Business Debit Card and TMB Contactless Debit Card.
  • Launched Prepaid Cards ie) Multicurrency Travel Card and TMB FX Multicurrency Travel Card.
  • Launched Credit Cards ie) TMB Titanium Credit Card and TMB Platinum Credit Card.
  • Launched 12 IT related Products ie) Green PIN, Chennai Corporation Property Tax Payment through ATM, Institutional Fee Payment, IMPS through ATM, TMB Speaks App, RuPay Kisan Card, Online e-Term Recurring Deposit opening, Aadhaar Enabled Payment System (AEPS), TMB Store (Online App for Bank Services), VISA Contactless Card, Cardless Cash withdrawal at ATM and M-Wallet App.
  • Tied up with Payment Gateway Service Provider namely M/s.E-Billing Solutions Private Limited.

Awards and Accolades:

  • Best Bank (Private Sector) award from Lokmat BFSI.
  • Bank received Assocham Awards under Small Bank class for following categories:

    • Winner for Agricultural Banking category.
    • Winner for Best Social Bank category.
    • Runner up for Government Schemes category.
    • Runner up for Priority Sector Lending category.

Business Plan Targets for the FY 2017-18:

  • Total Business to cross Rs. 60,000 Crores.
  • Total Deposits Rs. 35,000 Crores.
  • Total Advances Rs. 25,000 Crores.
  • CASA Rs. 8,100 Crores.

Business Plan strategies for the FY 2017-18:

  • Setting up of 10 more e-Lobbies.
  • To continue focus on accelerated growth of CASA.
  • To focus on MSME, Agriculture and Retail trade.
  • Rolling out Online Current account opening facility.

Our website provides a wealth of information about the Bank’s products and services. Thank you for sparing your valuable time to visit our Bank’s website.

We look forward to building a long lasting partnership with you and your family.

K.V. Rama Moorthy
Managing Director & CEO

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