Founder Chairman of TMB
- Shri.M.V.Shanmugavel Nadar
Founder Directors of TMB
- Shri M.VE. Kasisamy Nadar
- Shri K.A.M.A. Kaliyappa Nadar
- Shri T.V. Balagurusamy Nadar
- Shri P.K.S.A. Arumuga Nadar
- Shri M.VE. Ratnasamy Nadar
- Shri AR.A.S. Arumugasamy Nadar
- Shri W.P.A. Marimuthoo Nadar
- Shri A.M.M. Sinnamani Nadar
- Shri AR.A. Shenbaga Nadar
The Nadar Bank Ltd.
The bank initially known as “The Nadar Bank Ltd.” became a Scheduled Bank under the Reserve Bank of India Act onMay 11, 1935. The Nadar Bank Ltd., changed its name to the Tamilnad Mercantile Bank Ltd., onNov 26, 1962. Ever since the bank stands pre-eminently among the galaxy of banks in the private sector depicting scientific and sound functioning.
Excellence in Management
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 onMar 31, 2010making us a strong and sound bank.
Board of Directors of Tamilnad Mercantile Bank
The following eminent personalities represent the Board of Directors.
Name & Information about our Board Members
Thiru S. Krishnan
M.com., ICWA, CAIIBManaging Director & CEO
A veteran banker having about four decades of experience, took charge as the MD & CEO of the Bank with effect from 4th September 2022.
Earlier, he was the MD & CEO of Punjab & Sind Bank. During his period there was total transformation of the Bank on all the fields. Further, during his period, the Bank was turned around.
Prior to joining Punjab & Sind Bank as MD & CEO, he was the Executive Director of Syndicate Bank and Canara Bank from 1st November 2017 to 3rd September 2020. He spearheaded the merger process of Syndicate Bank with Canara Bank.
He started his Banking career in January 1983 at Indian Bank. In a career spanning more than three decades, he gained expertise in almost all the key areas of banking. He headed vital verticals of the Bank like Risk Management, Information Systems Security, HR etc. He was also Executive Secretary to the Board of Indian Bank.
He was a member of the Managing Committee of IBA and also alternate Chairman of IBA’s Standing Committee on Agriculture & Allied Activities. He was also a member of IBA's Sub-Committee on Performance Management System in Public Sector Banks.
Thiru A.Niranjan Sankar
B.Tech., MBADirector
A leading businessman with close to 22 years of General Management experience in many SSI / Large Scale Industries. He is an Executive Director of M/s Pioneer Jellice India Private Limited.
Thiru S.R.Ashok
MBBS., D.OrthoDirector
Hailing from business family having basic knowledge about the trade and SSI. He is a Physician by profession, presently servicing at Thoothukudi Medical College Hospital. He served abroad, under the Ministry of Health, Kingdom of Saudi Arabia from June 2005 to May 2008 and also served as professor in Pondicherry Institute of Medical Science (PIMS) from May 2010 to October 2013.
Thiru C.Chiranjeeviraj
B.Com, F.C.A, DISAIndependent Director
Practising as a Chartered Accountant since 2005. Having rich knowledge and experience in Auditing, Accounting, Taxation and Finance. He is a Managing Partner in M/s S. Chandrasekaran & Co, Chartered Accountants.
Tmt. S.Ezhil Jothi
B.Com, F.C.S., R.VIndependent Director
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 C.S. Ram Kumar
Additional Director, RBI NomineeHaving more than 32 years of experience in various functions of central banking at different centres, especially in supervision of non-banking financial companies, payment and settlement systems, external investments and foreign exchange.
Thiru D.N.Nirranjan Kani
M.ADirector
Over 36 years of entrepreneurship experience in various companies. Having special knowledge in SSI and marketing. He is an Executive Director in VVD & Sons Pvt Ltd., manufacturing branded coconut oil. The brand is a market leader in Tamilnadu.
Thiru B.Prabaharan
B.Tech, M.S, PhdIndependent Director
He had finished his B.Tech., (Metallurgy) and M.S. (Biomaterials) in IIT, Chennai and completed his Ph.D. (Biomedical Engineering), Rensselaer Polytechnic Institute, Troy, N.Y.U.S.A.
He is a technical Director of M/s Sree Ayyananr Spinning and Weaving Mills private Limited since 1989. Before 1989, he served as a Computer system Consultants to “The Rivwood Group” Chicago, IL and New York.
Thiru Thomas Mathew
B.A (Economics), CAIIB, DBFAdditional Director, RBI Nominee
Regional Director of the Reserve Bank of lndia, Thiruvananthapuram having jurisdiction over the State of Kerala and Union Territory of Lakshadweep. Prior to the current assignment, he was a Chief General Manager of Department of Regulation, Central Office, Mumbai. He has also worked as the Regional Director of Jammu, Kashmir and Ladakh. He has experience in areas dealing with Human Resources Management and Development, Banking Regulation and Banking Supervision among others. He was also on the Board of Central Bank of lndia. He was also a member of the FATF Mutual Evaluation Team. He has also attended many advance level management and functional programmes in lndia and abroad.
Thiru.S.Sridharan
M.Com, BGL, CAIIBIndependent Director
Having banking experience of more than 39 years in Bank of Baroda and retired as General Manager (MSME) on 31.12.2015. He served in various capacities such as DGM/GM (MSME) during 2014 & 2015. He also headed the Specialised Asset Recovery Branch and Corporate Financial Services Branch etc. He was the nodal officer to connect to the Ministries with respect to issues pertaining to SME segment of Bank of Baroda.
He was also a member in the Settlement Advisory Committee of Indian Bank, (an advisory to the Board on issues related to compromised settlement of NPA accounts) Head Office, for six years, from 2017 to 2023.
Senior Executives of the Bank
| Profile | Name of the Executive | Portfolios |
|---|---|---|
 |
Shri D.Inbamani General Manager |
Officer on Special Duty |
 |
Shri P.Suriaraj General Manager |
Integrated Treasury (IBD Chennai, IBD Mumbai, Forex Processing Center & Domestic Treasury) |
 |
Shri D.Ramesh General Manager |
HRD Department, Staff Training College (Nagercoil), Establishment Department and Public Relations and Corporate Communications |
 |
Shri J.Sundaresh Kumar General Manager (Chief Compliance Officer) |
Compliance Department and Secretarial Section |
 |
Shri.K.Vijayan General Manager |
Credit Monitoring Department, KYC / AML Cell, Recovery Department and Legal Department |
 |
Shri.P.R.Ashok Kumar General Manager |
PD & RM Department, Marketing, Operations & Services Department (including CPC, Currency Chest & Service Branch), Bancassurance Cell, Customer Service Cell, Call Centre, Social Media, DP Cell, RTGS Cell and Government Business |
 |
Shri S.Narayanan General Manager |
Credit Department, RACPC – Chennai, MSME Processing HUB and Business Process Re-engineering |
 |
Shri P.A.Krishnan General Manager - CFO (Chief Financial Officer) |
Accounts Department |
 |
Shri V.Jayaraman General Manager |
I.T. Department (Chennai & Thoothukudi), I.T. DR. Site (Bengaluru), Digital Banking Department (Chennai & Thoothukudi) and MIS Department |
Past & Present Chief Executives
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.
In1969, 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 |
| Shri S.Annamalai * | 03.02.2017 to 02.02.2020 |
| 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 to Sep 2022 |
| Shri S.Krishnan | Sep 2022 onwards |
