The private sector bank Tamil Nadu Mercantile Bank set up its new regional office and a bank branch in Bikshandarkoil, which is situated near Tiruchi. At present, the bank has a total number of nine regional offices, including the new offices. The bank plans to open another new regional office next year.
The Tuticorin based bank's Managing Director and Chief Executive Officer, Mr. K.B. Nagendra Murthy recently said press conference that the bank plans to cater to educational loans and agricultural loans segment, along with a focus on loans to Small and Medium Enterprises (SME) sector.