NewzVille Desk
Vice President C. P. Radhakrishnan today graced the 105th Foundation Day celebrations of Tamilnad Mercantile Bank (TMB) in Thoothukudi. Tamil Nadu Governor Rajendra Vishwanath Arlekar, TMB Part Time Chairman K. Ramachandran, Managing Director and CEO Salee S. Nair, Executive Director Vincent Menachery, members of the Board and senior officials were also present on the occasion.
Addressing the gathering, Radhakrishnan said that, from its humble beginnings, the bank has grown into a major banking institution with 632 branches across 17 States and four Union Territories, serving over 53 lakh customers and recording total business exceeding ₹1.30 lakh crore.
He emphasised the importance of responsible lending and extending financial support to MSMEs, farmers, small traders, entrepreneurs, women-led enterprises and corporates.
The Vice President noted India’s remarkable economic progress and said that the banking sector has a crucial role in realising the vision of Viksit Bharat @2047. He highlighted the transformation brought about by digital banking and UPI, as well as the expansion of financial inclusion, which has enabled more people to access formal banking services.
Commending TMB’s recent performance and technological progress, he urged the bank to continue strengthening cybersecurity, safeguarding customers’ money and personal data, and embracing innovation.
He also stressed that the bank should remain rooted in Thoothukudi, its place of origin, even as it expands its national presence.
The Vice President expressed confidence that Tamilnad Mercantile Bank would continue to scale greater heights and establish itself among India’s leading private sector banks.
