Tuticorin, (Tamil Nadu), February 27 Tamilnad Mercantile Bank, a private sector bank, announced on Friday that it has expanded its operations with the opening of four new branches across the state.
The new branches in Melaiyur (Mayiladuthurai), Ponnamaravathi (Pudukottai), Chinna Salem (Kallakurichi), and Sholavandan (Madurai) began operations on Friday, according to the city-headquartered bank.
Commenting on the occasion, the bank's Managing Director and CEO, Salee S Nair, said, "This branch expansion aligns with our strategy of strengthening our presence in high-potential markets across Tamil Nadu."
"These regions are driven by agriculture, MSMEs, and local trade, and strengthening our on-the-ground presence enables us to expand access to formal banking and provide relevant credit and deposit solutions," he stated in a press release.
He added that physical branches continue to play a crucial role in customer acquisition, relationship management, and credit growth, particularly in semi-urban and rural markets.
