ScoutQuest9 Oct 2026
Tamilnad Mercantile Bank543596New project launch

New branch at Kadambur, Thoothukudi district, to open on 12.10.2026

The Bank will be opening a new branch at Kadambur, Kovilpatti Tk, Thoothukudi District, Tamilnadu – 628 714.

Branch Location
Kadambur, Kovilpatti Tk, Thoothukudi District, Tamilnadu – 628 714
Branch Address
S.No.54/1, 54/2, Railway station road, Kadambur
Date of Opening
12.10.2026

Branch opening intimation

The Bank has informed the stock exchanges that it will be opening a new branch.

What the announcement is

This is an intimation to the exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing them of the proposed opening of the branch. It has been signed by Swapnil Yelgaonkar, Company Secretary & Compliance Officer.

How to read it

A new branch is a routine business development for a bank. It adds a physical point of contact for customers in that location, which over time can support deposit mobilisation, lending and other services offered by the branch. Setting up a branch also involves operating costs such as premises, staff and infrastructure.

What to watch

The announcement itself is an update on the Bank's branch network.

Source: BSE · 9 Oct 2026

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