BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Tamilnad Mercantile Bank Limited is a bank headquartered in
A
Thoothukudi
B
Madurai
C
Salem
D
Tiruchirappalli
Explanation: 

Detailed explanation-1: -TMB is one of the oldest private sector banks with a history of over 100 years, having been established in 1921 as Nadar Bank. The bank offers a wide range of services primarily to micro, small and medium enterprises, agricultural and retail customers.

Detailed explanation-2: -Pan India Network The Bank has now 509 full-fledged branches all over India. 12 Regional Offices, 11 Extension Counters, 2 Central Processing Centres, 1 Service Branch, 4 Currency Chests, 1141 Automated Teller Machines, 282 Cash Recycle Machines, and 101 e-lobbies.

Detailed explanation-3: -The bank has been expanding its footprint all over India. TMB was rated as the fastest growing Private Sector Bank continuously for the five years from 2010 to 2015.It was also rated as the Best Bank in the years 2013, 2014 and 2015, due to its robust growth.

Detailed explanation-4: -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.

There is 1 question to complete.