Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. The company operates through the Treasury, Corporate/Wholesale Banking, and Retail Banking segments. The company offers savings, fixed, recurring, term deposit, and current accounts; debit and credit cards; and demat and equity trading accounts, portfolio management, POS terminal, e-tax payment, online bill payment, mutual fund, insurance, sovereign gold bond scheme, forex, and Internet and mobile banking services. It also provides home, car, two-wheeler, personal, LAP, pension, pharma and healthcare, education, gold, jewelry, commercial vehicles, traders and services, MSME, rice and dhall mill, NRI, doctor, agricultural, green energy, and Mahalir loans, and sovereign gold bonds secured overdraft facilities; and microenterprise and pharma finance. The company was formerly known as The Nadar Bank Ltd. and changed its name to Tamilnad Mercantile Bank Limited on November 26, 1962. Tamilnad Mercantile Bank Limited was incorporated in 1921 and is headquartered in Thoothukudi, India.
Metrics to compare | TAMI | Peers Peers - average of corresponding metrics from companies closely matching TAMI: CUB, KTKBANK, SOUTHBANK, FEDERALBNK, DCBBANK | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipTAMIPeersSector |
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P/E Ratio | 5.7x | 12.4x | 9.5x | |
PEG Ratio | 0.61 | 0.49 | 0.03 | |
Price/Book | 0.7x | 1.5x | 1.0x | |
Price / LTM Sales | 2.2x | 3.4x | 2.8x | |
Upside (Analyst Target) | - | 17.0% | 13.1% | |
Fair Value Upside | Unlock | 6.9% | 2.3% | Unlock |