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Message From The CEO Desk

Dear valued customer and well-wishers,

Our MD and CEO - K.V. Rama Moorthy

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.

 


A rewind to previous year :-

  • 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 2021, our deposits have stood at Rs. 40,970 Crores, whereas our loan book has increased by 11.70% to Rs. 31,541 Crores. Our focus on CASA over the previous two years is paying off, with our CASA position reaching Rs. 11,685 Crores with a growth rate of 22.77%.
  • With the thrust on advances to priority sectors like Agriculture, MSME, education, housing etc. it constitute 79.06% of the bank’s ANBC as against the required benchmark of 40%. Advances to Priority sector has increased to Rs. 22,540.97 Crores from Rs. 18,711.73 Crores with a growth rate of 20.46%. The agriculture advances has increased from Rs. 6,993.90 Crores to Rs. 8,645.66 Crores. Credit to MSME sector has increased from Rs. 10,169.86 Crores to Rs. 12,036.34 Crores with the growth rate of 18.35%.
  • The operating profit of the bank stood at Rs. 1202.04 Crores and the Net Profit is Rs. 603.33 Crores. The Net Interest Income (NII) increased from Rs. 1,319.51 Crores to Rs. 1,537.53 Crores. The book value per share stood at Rs. 321.38.
  • The bank has geographical presence in 16 states and 4 Union territories. As on 31st Mar 2021, the bank is serving its 4.5 million customer with its 509 branches, 1132 ATMs, 47 e-lobbies and 260 Nos. of Cash Recycler Machines.
 

Major initiatives during 2020-21 :-

  • Inaugurated second Robotic operation at Currency Chest, Pudukottai, Thoothukudi District, for cash sorting, segregation and bundling.
  • Inaugurated issuance of FASTag by having tie up arrangement with IDBI Bank, to its customers as well as general public
  • Tie-up arrangement for General Insurance with M/S.New India Assurance Co Ltd.
  • Bank has disbursed 13601 Nos. of fresh advances totally to the tune of Rs.1559.65 Crores under Emergency Credit Line Guarantee Scheme (ECLGS) during COVID-19 pandemic issue
 

IT related Initiatives made during 2020-21 :-

  • Launched TMB DigiLobby which features the all sort of banking services in one app
  • Launched WhatsApp banking
  • “TMB - Rupay Select International debit card” has been launched with many added features
  • Implementation of Public Fund Management System (PFMS) to handle Government transactions
 

New Initiatives for the Financial Year 2021-22 :-

  • Setting up of 50 more e-Lobbies to reach 100 in total on our Centenary Year celebration
  • Launching Mobile e-lobbies on our Centenary Year
  • Introducing New Mobile Banking with added features (Capex Model)
  • Centralized Account Opening solution
  • Onboarding Customers using Video KYC
  • Customer Relationship Management Solution – CRM
  • Introducing Call Center operations
 

The year ahead, we are targeting :-

  • Total Business to cross Rs. 85,000 Crores.
  • Total Deposits Rs. 47,000 Crores.
  • Total Advances Rs. 38,000 Crores.
  • CASA Rs. 14,000 Crores.
  • Net Profit of Rs. 1000 Crores.

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