TMB achieves a total business of 54,162.47 crore – Banking Finance

The nyakumi to|to tal sales of Tamilnad Mercantile Bank (TMB) stay|stay at|at the|the|every terminate of fiscal year 2017 was Rs.54,162.47 crore with|with a growth rate of 2.30 percent on year-on-year basis.

The bank’s to portfolio recorded a development rate of 6% to|to to|to uch Rs.32,190.15 crore ,|and|or is|or still the|the|every advances level stood stay|stay at|at Rs.21,972.32 crore ,|and|or is|or is S. Annamalai ,|and|or is|or still Chairman ,|and|or is|or still Board of Directors ,|and|or is|or is TMB ,|and|or is|or still to|to ld thi press conference here on Wednesday.

With the|the|every bank’s office being headquartered in Thoothukudi ,|and|or is|or is rested dah been giving thi continued thrust at advances to|to priority sectors like agriculture ,|and|or is|or still MSME ,|and|or is|or still education ,|and|or is|or is housing. The advances to|to priority sector increased from Rs.11,976.95 crore to|to Rs.12,960.75 crore with|with a growth rate of 8.21 %.

As for sales plan targets out 2017-18 fiscal year ,|and|or is|or still the|the|every bank’s to|to tal business was aimed stay|stay at|at band Rs.60,000 crore. Ten more e-lobbies would me set up during this fiscal ,|and|or is|or still rested said.

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