Founder Chairman of TMB
- Shri.M.V.Shanmugavel Nadar
Founder Directors of TMB
- Shri M.VE. Kasisamy Nadar
- Shri K.A.M.A. Kaliyappa Nadar
- Shri T.V. Balagurusamy Nadar
- Shri P.K.S.A. Arumuga Nadar
- Shri M.VE. Ratnasamy Nadar
- Shri AR.A.S. Arumugasamy Nadar
- Shri W.P.A. Marimuthoo Nadar
- Shri A.M.M. Sinnamani Nadar
- Shri AR.A. Shenbaga Nadar
The Nadar Bank Ltd.
The bank initially known as “The Nadar Bank Ltd.” became a Scheduled Bank under the Reserve Bank of India Act onMay 11, 1935. The Nadar Bank Ltd., changed its name to the Tamilnad Mercantile Bank Ltd., onNov 26, 1962. Ever since the bank stands pre-eminently among the galaxy of banks in the private sector depicting scientific and sound functioning.
Excellence in Management
The bank has been fortunate in having very eminent and honest men of vision and great talent as Board of Directors and Executives. The ever increasing profit figures of the bank depicts the efficiency of the management. The bank, which was opened with a small capital of Rs. 5 Lakhs, has an impeccable record of having crossed a net worth of Rs. 1000 Crores as onMar 31, 2010making us a strong and sound bank.
Board of Directors of Tamilnad Mercantile Bank
The following eminent personalities represent the Board of Directors.
Name & Information about our Board Members
Thiru. Salee S Nair
M.Sc., CAIIBManaging Director and CEO
Thiru. Salee S Nair a post graduate in Applied Electronics, started his banking career in the year 1987. He joined India’s largest Public sector Bank, State Bank of India as a Probationary Officer.
In a career span of more than 35 years, he has handled various assignments, mostly in the Corporate A/c Group, handling large Corporates. He also had two assignments in the International Banking group of SBI, first at New York, USA and later heading the Australian Operations based at Sydney. He has also had a retail stint managing the branches of Rajasthan & Western Uttar Pradesh for the bank and was involved in the merging of State Bank of Bikaner & Jaipur with SBI.
He has extensive experience in managing stressed assets. He took over as Chief General Manager in the Stressed Asset Vertical of the Bank in July 2017, where he was engaged in resolving NPA through the restructuring / IBC /Compromise/ ARC Sale route. Subsequently, in April 2020, he took over the Stressed Assets Resolution Group as the Dy. Managing Director, a position he held until September 2021. In his term in the Stressed Assets Resolution Group of SBI, he oversaw the reduction of peak NPA of 10.96% to 4.90%.
Subsequently, he took over as Dy. Managing Director in charge of SME, Agriculture & Financial inclusion vertical from September 2021 to July 2022. His last assignment was as Dy. Managing Director & Chief Credit Officer of SBI, till May 2024 and was responsible for managing the credit portfolio.
Thiru. Vincent Menachery Devassy
B.Com., LLB, CAIIBExecutive Director
Thiru. Vincent Menachery Devassy possesses Bachelor’s Degree in Commerce, Law, Diploma in Management and is a Certified Associate of Indian Institute of Bankers.
He is a Career Banker with in-depth operational experience in Commercial Banking. He started his banking career with State Bank of India in the year 1984 and has more than 39 years’ experience in Commercial Banking.
He possesses varied experience and deep knowledge in Retail Banking, Wealth Management, Banking Technology, Compliance and Risk Management functions and International Banking.
He had successfully held various critical assignments in State Bank of India, prominent among them include Chief General Manager, North East Circle, Chief General Manager, Anytime Channels, General Manager, Amaravati Circle, General Manager, Bangalore Circle, Deputy General Manager, SBI Wealth and Vice President (PER &ADMN), SBI New York.
Thiru A.Niranjan Sankar
B.Tech., MBADirector
A leading businessman with close to 22 years of General Management experience in many SSI / Large Scale Industries. He is an Executive Director of M/s Pioneer Jellice India Private Limited.
Thiru S.R.Ashok
MBBS., D.OrthoDirector
Hailing from business family having basic knowledge about trade and MSME. He is a Physician by profession & he had previously served at Thoothukudi Medical College Hospital. He served abroad, under the Ministry of Health, Kingdom of Saudi Arabia from June 2005 to May 2008 and also served as professor in Pondicherry Institute of Medical Science (PIMS) from May 2010 to October 2013.
Thiru C.Chiranjeeviraj
B.Com, F.C.A, DISAIndependent Director
Practising as a Chartered Accountant since 2005. Having rich knowledge and experience in Auditing, Accounting, Taxation and Finance. He is a Managing Partner in M/s S. Chandrasekaran & Co, Chartered Accountants.
Tmt. S.Ezhil Jothi
B.Com, F.C.S., R.VIndependent Director
She is a Commerce Graduate and an Associate Member of the Institute of Company Secretaries of India (ACS). At present she is a Practising Company Secretary having experience in the areas of Company Secretarial Compliance and Corporate Governance. She is also a resource person in teaching various Corporate Laws at ICSI, Madurai and other Institutions.
Thiru C.S. Ram Kumar
B.Com., CAIIBAdditional Director, RBI Nominee
Having more than 32 years of experience in various functions of central banking at different centres, especially in supervision of non-banking financial companies, payment and settlement systems, external investments and foreign exchange.
Thiru D.N.Nirranjan Kani
M.ADirector
Over 36 years of entrepreneurship experience in various companies. Having special knowledge in SSI and marketing. He is an Executive Director in VVD & Sons Pvt Ltd., manufacturing branded coconut oil. The brand is a market leader in Tamilnadu.
Thiru B.Prabaharan
B.Tech, M.S, PhdIndependent Director
He had finished his B.Tech., (Metallurgy) and M.S. (Biomaterials) in IIT, Chennai and completed his Ph.D. (Biomedical Engineering), Rensselaer Polytechnic Institute, Troy, N.Y.U.S.A.
He is a technical Director of M/s Sree Ayyanar Spinning and Weaving Mills private Limited since 1989. Before 1989, he served as a Computer system Consultants to “The Rivwood Group” Chicago, IL and New York.
Thiru Thomas Mathew
B.A (Economics), CAIIB, DBFAdditional Director, RBI Nominee
Regional Director of the Reserve Bank of lndia, Thiruvananthapuram having jurisdiction over the State of Kerala and Union Territory of Lakshadweep. Prior to the current assignment, he was a Chief General Manager of Department of Regulation, Central Office, Mumbai. He has also worked as the Regional Director of Jammu, Kashmir and Ladakh. He has experience in areas dealing with Human Resources Management and Development, Banking Regulation and Banking Supervision among others. He was also on the Board of Central Bank of lndia. He was also a member of the FATF Mutual Evaluation Team. He has also attended many advance level management and functional programmes in lndia and abroad.
Thiru.S.Sridharan
M.Com, BGL, CAIIBIndependent Director
Having banking experience of more than 39 years in Bank of Baroda and retired as General Manager (MSME) on 31.12.2015. He served in various capacities such as DGM/GM (MSME) during 2014 & 2015. He also headed the Specialised Asset Recovery Branch and Corporate Financial Services Branch etc. He was the nodal officer to connect to the Ministries with respect to issues pertaining to SME segment of Bank of Baroda.
He was also a member in the Settlement Advisory Committee of Indian Bank, (an advisory to the Board on issues related to compromised settlement of NPA accounts) Head Office, for six years, from 2017 to 2023.
Thiru K.V.Rama Moorthy
B.Sc. (Agri), CAIIBDirector
He holds a bachelor’s degree in science (agriculture) from Andhra Pradesh Agricultural University, Hyderabad and is a certified associate of the Indian Institute of Bankers.
He holds more than 41 years of experience in various capacities in banking across the Country and overseas. He has worked with two public sector Banks viz. Bank of Baroda and United Bank of India. He was appointed as Executive Director in Bank of Baroda. His last assignment with Tamilnad Mercantile Bank Limited as MD & CEO of the Bank.
He is a highly analytical decision-maker with extensive experience in team building, turning around and operational aspects, along with proven history of increasing productivity in terms of business and employee development.
He is a Seasoned executive with in-depth understanding of emerging technologies which reach out to masses, catering to rural segments, and their commercial applications.
Thiru R.Deepak Shankar
B.Com., M.B.A.,Independent Director
He holds a Master’s degree in Business Administration. After completion of MBA, he has spent his time in expanding his family business of Manufacturing of poly bags & safety matches. He holds 19 years of extensive experience in SSI / MSME sector. He is also a Director in Thangarathinam Poly Print Private Limited.
Tmt. R.Kanagavalli
B.Com., F.C.S.Independent Director
She holds a Bachelor’s degree in Commerce and she is also a Fellow Member of the Institute of Company Secretaries of India. She is a practicing Company Secretary, since 2006. She is having 18 years of experience in Company Law such as incorporation of Companies, filling of returns with Registrar of Companies, issuing search reports on various matters and Secretarial Compliance for Companies and LLPs.
Senior Executives of the Bank
| Profile | Name of the Executive | Portfolios |
|---|---|---|
 |
Shri D.Ramesh General Manager |
HRD Department, Staff Training College (Nagercoil), Establishment Department, Integrated Treasury (IBD Chennai, Forex Processing Center & Domestic Treasury), Credit Department, RACPC – Chennai, MSME Processing HUB and Business Process Re-engineering |
 |
Shri J.Sundaresh Kumar General Manager (Chief Compliance Officer) |
Compliance Department and Secretarial Section |
 |
Shri.K.Vijayan General Manager |
Credit Monitoring Department, KYC / AML Cell, Recovery Department and Legal Department |
 |
Shri.P.R.Ashok Kumar General Manager |
PD & RM Department, Marketing, Operations & Services Department (including CPC, Currency Chest, ATM Cell, RECON & Service Branch), Bancassurance Cell, Digital Banking Department (Chennai and Thoothukudi), Customer Service Cell, Call Centre, Social Media, Public Relations and Corporate Communications, DPS Cell, RTGS Cell, Government Business |
 |
Shri P.A.Krishnan General Manager - CFO (Chief Financial Officer) |
Accounts Department |
 |
Shri V.Jayaraman General Manager |
I.T. Department (Chennai & Thoothukudi), I.T. DR. Site (Bengaluru) and MIS Department |
 |
Shri. Laxman Karkala Kudva General Manager (Chief Risk Officer) |
Risk Management Department. |
Past & Present Chief Executives
The strong foundation was laid down by the Chief executives of the bank from the very beginning by their outstanding efficiency, devotional duty, able administration and profound knowledge.
In1969, the Reserve Bank of India advised for the appointment of a whole time Chairman and Chief Executive Officer of the bank. The following persons have so far served in that post.
| Chairman | Period of Association |
|---|---|
| * Non Executive Part Time Chairman. | |
| Shri R. Jeyaraj | 1969-1988 |
| Shri J. Kasiviswanathan | 1989-1991 |
| Shri M. Jesudasan | 1992-1996 |
| Shri K.N.V. Nayar | 1996-1997 |
| Shri S. Krishnamurthy | 1997-2002 |
| Shri R. Natarajan | 2002-2004 |
| Shri S. Radhakrishnan | 2004-2006 |
| Shri M.G.M. Maran * | 09-04-2007 to 08-04-2008 |
| Shri S.Annamalai * | 03.02.2017 to 02.02.2020 |
| MD and CEO | Period of Association |
|---|---|
| Shri G. Narayana Moorthy | Dec 2006 to May 2009 |
| Shri G. Nagamal Reddy | Jun 2009 to Sep 2010 |
| Shri A.K. Jagannathan | Sep 2010 to May 2012 |
| Shri K.B. Nagendra Murthy | Jul 2012 to Jul 2014 |
| Shri H.S. Upendra Kamath | Jul 2014 to May 2017 |
| Shri K.V.Rama Moorthy | Sep 2017 to Sep 2022 |
| Shri S.Krishnan | Sep 2022 to June 2024 |
