The bank initially known as “The Nadar Bank Ltd.” became a Scheduled Bank under the Reserve Bank of India Act on May 11, 1935. The Nadar Bank Ltd., changed its name to the Tamilnad Mercantile Bank Ltd., on Nov 26, 1962. Ever since the bank stands pre-eminently among the galaxy of banks in the private sector depicting scientific and sound functioning.
The bank has been fortunate in having very eminent and honest men of vision and great talent as Board of Directors and Executives. The ever increasing profit figures of the bank depicts the efficiency of the management. The bank, which was opened with a small capital of Rs. 5 Lakhs, has an impeccable record of having crossed a net worth of Rs. 1000 Crores as on Mar 31, 2010 making us a strong and sound bank.
The following eminent personalities represent the Board of Directors.
|Name & Information about our Board Members|
Thiru S. AnnamalaiB. Tech (Chem. Engg.)
Non Executive Part Time Chairman
A leading businessman with close to 50 years of General Management experience in many SSI / Large Scale Industries. He was a Director in Bharat Overseas Bank Ltd. between 1987 to 1994. He is Vice Chairman of Pandian Chemicals Ltd. promoted by Metal Powder Company Ltd. and TIDCO. He is the Managing Director of Pioneer Jellice India Private Ltd. and Director in several companies. He is also the Correspondent / Secretary / Member of the Management Committee in various Educational Institutions.
Thiru K.V. Rama MoorthyB. Sc. (Agri), CAIIB
MD & CEO
Having 34 years of rich banking experience in Bank of Baroda in various cadres from Agri. Officer to Executive Director. He was Chief Executive, Territorial Head for GCC operation, UAE Dubai during 2014-2015. He was then associated with Shahjahanpur RRB as Chairman during June 2015 to January 2016. He was a nominated Director in Nainital Almora Kshetriya Gramin Bank (sponsor bank from Bank of Baroda) during the period from Feb 2014 to June 2014. He was Executive Director in United Bank of India for last 2 years. During his tenure he was managing, supervising, controlling and guiding the entire operations of the Bank.
Thiru P.C.G. Asok Kumar(B. Sc.)
Having rich knowledge and experience in SSI unit for the past 17 years and having experience in the stock market both primary and secondary market for more than 25 years.
Thiru S.R. Aravind KumarB. E. (Computer), MBA (Marketing)
Having rich knowledge in Marketing and Information Technology and having experience as a dealer in Johnson & Johnson and Hindustan Unilever etc.
Tmt. S. Ezhil JothiB. Com., A.C.S.
She is a Commerce Graduate and an Associate Member of the Institute of Company Secretaries of India (ACS). At present she is a Practising Company Secretary having experience in the areas of Company Secretarial Compliance and Corporate Governance. She is also a resource person in teaching various Corporate Laws at ICSI Madurai and other Institutions.
Thiru B.S. Keshava MurthyM. Sc., CAIIB – Part I
Over 37 years of management experience in various segments of banking. Previously "Chief General Manager" with Indian Overseas Bank, a mid-sized PSB. Served as General Manager -Corporate Credit, Chief Financial Officer (CFO) and Head-Integrated Treasury at IOB between 2008 and 2014. He was member on important committee/sub-committee relating to capital requirement of banks / infrastructure project financing & monitoring, during the subject period. He has served as additional Independent Director on the Board of a reputed public listed co. earlier.
Thiru K. NagarajanB. Sc., L. L. B.
Practising as advocate at Madras High Court since 1984 with the break of 4 years from 1988 to 1992. He is having about 30 years of experience in High Court. He is panel advocate in various Companies, Banks, Corporations, etc. He was also involve in various Agriculture activities, rural activities and associated in forming societies to get better valuation for coconuts and other agriculture products.
Thiru K.N. RajanB. Sc., (Special)
Director, RBI Nominee
37 years of service in Reserve Bank of India, retired as Deputy General Manager.
Dr. K.V. RajanM. A., Ph. D., CAIIB, ASC (Kiel)
Director, RBI Nominee
Having experience of over 36 years in Reserve Bank of India having retired as Chief General Manager. He has an MA in Economics from Madras University, doctorate in Economics from the University of Bombay and ASC from Kiel Institute of World Economics, Germany. His contributions have appeared in the RBI Occasional Papers, Kiel Institute Working Paper series, financial dailies like the Economic Times, Financial Express, etc. His professional experience covers areas such as banking regulation and supervision, regulation and supervision of co-operative banks, currency management, Govt. debt management, etc.
Thiru A. ShidambaranathanB. Com., F. C. A., Grad. C. W. A.
Practising as a Chartered Accountant for about 30 years. Having rich knowledge and experience in Auditing, Accounting, Taxation and Finance.
Thiru B. VijayaduraiM. Com., F. C. A., DISA
Practising as a Chartered Accountant for about 19 years. Having rich knowledge and experience in Auditing, Accounting, Taxation and Finance.
Thiru V.V.D.N. VikramanM. Com.
Having special knowledge in SSI, Banking & Agriculture. He is director in VVD & Sons Pvt Ltd., manufacturing branded coconut oil. The brand is a market leader in Tamilnadu. He is also an agriculturist producing cardamom and coffee. He is also holding directorship in Tamilnad Mercantile Bank Ltd. during 1991 to 1999.
Thiru P. YesuthasenMBA (Finance) (London), M. A. (Public Admin), CAIIB
Took early retirement after 24 years of service in Reserve Bank of India. Last position held was Deputy Controller in the Exchange Control Department. Having rich knowledge of Foreign Exchange, Banking, Micro Finance and Information Technology.
|Shri S. Kandavelu|
Ph.: +91 461 232 0360
|Human Resource Development, Integrated Treasury, International Banking Division, DP Cell, RTGS Cell, Establishment Department and Inspection.|
|Shri M. Avadai Nayagam|
Ph.: +91 461 233 3390
|Information Technology and Vigilance.|
|Shri R. Ravindran|
Ph.: +91 461 232 5411
|Credit, Recovery, Credit Audit & Monitoring, KYC / AML Cell, MIS and Legal Cell.|
The strong foundation was laid down by the Chief executives of the bank from the very beginning by their outstanding efficiency, devotional duty, able administration and profound knowledge.
In 1969, the Reserve Bank of India advised for the appointment of a whole time Chairman and Chief Executive Officer of the bank. The following persons have so far served in that post.
|Chairman||Period of Association|
|* Non Executive Part Time Chairman.|
|Shri R. Jeyaraj||1969-1988|
|Shri J. Kasiviswanathan||1989-1991|
|Shri M. Jesudasan||1992-1996|
|Shri K.N.V. Nayar||1996-1997|
|Shri S. Krishnamurthy||1997-2002|
|Shri R. Natarajan||2002-2004|
|Shri S. Radhakrishnan||2004-2006|
|Shri M.G.M. Maran *||09-04-2007 to 08-04-2008|
|MD and CEO||Period of Association|
|Shri G. Narayana Moorthy||Dec 2006 to May 2009|
|Shri G. Nagamal Reddy||Jun 2009 to Sep 2010|
|Shri A.K. Jagannathan||Sep 2010 to May 2012|
|Shri K.B. Nagendra Murthy||Jul 2012 to Jul 2014|
|Shri H.S. Upendra Kamath||Jul 2014 to May 2017|
|Shri K.V. Rama Moorthy||Sep 2017 onwards|