Vice-President C.P. Radhakrishnan has urged Tamilnad Mercantile Bank (TMB) to aim to become one of India's leading private-sector banks, at the bank's 105th Foundation Day in Thoothukudi.
He recalled that the bank began in 1921 as Nadar Bank Limited and has grown to 632 branches across 17 States and four Union Territories, serving over 53 lakh customers, with total business of more than ₹1.30 lakh crore.
What he asked of banks
Radhakrishnan called on banks to strengthen financial inclusion and support entrepreneurs, small businesses, farmers, women-led enterprises and traders through responsible lending. He pointed to digital banking and UPI as drivers of access to formal banking, and urged TMB to keep strengthening cybersecurity, protect customers' money and data, and embrace innovation. He also said the bank should remain rooted in Thoothukudi as it expands nationally.
Tamil Nadu Governor Rajendra Vishwanath Arlekar and TMB's chairman, MD and CEO and other board members were present.
Source: official release by the Vice President's Secretariat, issued through the Press Information Bureau, Government of India (11 NOV 2026 4:03PM by PIB Delhi). Read the full official text: Vice President graces the 105th Foundation Day celebrations of Tamilnad Mercantile Bank (TMB) in Thoothukudi.
How we verified this
VerifiedEvery fact, figure and quotation is taken from the official PIB release (Release ID 2335012) issued by the Vice President's Secretariat on 11 NOV 2026 4:03PM by PIB Delhi; checked against the source on publication. Story written by BDT from that release; no outside facts added.
Sources
- 1.Vice President graces the 105th Foundation Day celebrations of Tamilnad Mercantile Bank (TMB) in Thoothukudi — Press Information Bureau, Government of India
