Chennai, Jan. 27 -- Tamilnad Mercantile Bank (TMB) has confirmed that it will very soon have its first footprint in North East India as it is set to open 25 new branches by March this year.
We got the RBI approval by the end of the last quarter. Immediately after that, we started two more branches and now the plan is to add 25 more branches across the country by the end of March. Very shortly, we will have our first footprint in North East India too, said S Krishnan, managing director and chief executive officer of the bank.
With an aim to retain 80-85 per cent of its total loan portfolio form small business, TMB has also said it will continue its focus on the retail, agriculture and MSME (RAM) segments, reported Business Standard. ...