Dear valued customer and well-wishers,
Welcome and thank you for your interest in TMB. We hope to partner with you to identify and achieve your financial goals. At TMB, we live our standards – viz – Responsiveness, Being Friendly and Personalized Service. For over 9 decades, TMB has met the financial needs of our customers with outstanding friendly service, value-oriented products, and conveniently located branch offices. We continuously strive to find better ways to serve, contribute, and make a difference to all the sections of society that we serve.
Our array of products and services continues to grow with the addition of technology based and convenient new banking services which offer more choices and flexibility to bank with us.
Our achievements over the past year demonstrate the strength of our retail-focused business mix, as well as the client-driven franchise model of our bank.
In the past 12 months to March 2018, our deposits have stood at Rs. 32,428 Crores, whereas our loan book has increased by 8.40% to Rs. 24,133 Crores. Our focus on CASA over the previous two years is paying off, with our CASA position reaching Rs. 8,210 Crores with a growth rate of 10%.
With the thrust on advances to priority sectors like Agriculture, MSME, education, housing etc. it constitute 65.38% of the bank’s ANBC as against the required benchmark of 40%. Advances to Priority sector has increased to Rs. 14,652 Crores from Rs. 12,961 Crores with a growth rate of 13.05%. The agriculture advances has increased from Rs. 4,330 Crores to Rs. 5,153 Crores. Credit to MSME sector has increased from Rs. 7,560 Crores to Rs. 8,248 Crores with the growth rate of 9.10%.
The operating profit of the bank has grown by 15% and reached the level of Rs. 1,006 Crores and the Net Profit is Rs. 222 Crores. The Net Interest Income (NII) increased from Rs. 1,151 Crores to Rs. 1,210 Crores. The book value per share stood at Rs. 241.71.
During 2017-18, the bank grew with four new branches and 68 ATMs. The bank has geographical presence in 16 states and 4 Union territories. As on 31st March 2018, the bank is serving its 4.3 million customer with its 509 branches, 1131 ATMs and 23 e-lobbies.
For our bank, sustainability is not an add-on. It’s at the heart of our strategic agenda. We are grateful for the customers and our bank is privileged to serve them gleefully. We partner them in their success. We will never rest on our laurels. It is our mission - to constantly raise the bar of excellence. It is our hope to anticipate our customers’ needs so intuitively that they feel we are an integral part of their team and their success.
With your satisfaction as our prime objective, we are committed to bringing you the best in banking services.
Soliciting your valued patronage all the times.
K.V. Rama Moorthy
Managing Director & CEO
[ Rs. - Indian Rupee Symbol ]