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Tamilnad Mercantile Bank

2.8
based on 196 Reviews

Working at Tamilnad Mercantile Bank

Company Summary

Tamilnad Mercantile Bank focuses on delivering banking services to rural communities while supporting various economic sectors across India with its extensive branch network.

Overall Rating

2.8/5
based on 196 reviews
highly rated categories
26% below
industry average
highly rated categories
Critically rated for

Work-life balance, Company culture, Work satisfaction

Work Policy
Work from office
Work from office
98% employees reported
Monday to Saturday
Monday to Saturday
61% employees reported
Strict timing
Strict timing
79% employees reported
Within country
Within country
38% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
Job/Soft skill training
8 employees reported
Health insurance
Health insurance
4 employees reported
Office cab/shuttle
Office cab/shuttle
4 employees reported
Professional degree assistance
Professional degree assistance
3 employees reported
View all benefits
Sun Pharmaceutical Industries
Join us and thrive in a company culture that inspires and empowers.

About Tamilnad Mercantile Bank

Founded in1921 (104 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersChennai, Tamil Nadu, India
Office Locations
--
Websitetmb.in
Primary Industry
Other Industries
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claim this page for free

The thought of establishing a bank under the guidance of the able Nadar business community was mooted out in the Anniversary of Nadar Mahajana Sangam held at Tuticorin in 1920. The proposal was effected soon. The bank was registered on May 11, 1921 as “The Nadar Bank Ltd”. The bank was having only 4 branches until the year 1947 at Tuticorin, Madurai, Sivakasi and Virudhunagar. The bank had also a branch at Colombo in the year 1937 and the same was closed in the year 1939. The Bank has now 567 full-fledged branches all over India. 12 Regional Offices, 13 Extension Counters, 2 Central Processing Centres, 1 Service Branch, 4 Currency Chests, 1161 Automated Teller Machines, 366 Cash Recycle Machines, and 124 e-lobbies. The bank has had a vision of extending banking service to common people of rural areas, hitherto neglected, with all humility. Tamilnad Mercantile Bank Ltd., concentrated its efforts to meet the genuine requirements of various sectors of the economy and advanced to the needy sectors of the society.

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Tamilnad Mercantile Bank Ratings

based on 196 reviews

Overall Rating

2.8/5
How AmbitionBox ratings work?
5
56
4
29
3
41
2
16
1
54

Category Ratings

3.4

Job security

3.2

Salary

2.8

Skill development

2.7

Promotions

2.4

Work satisfaction

2.3

Company culture

2.1

Work-life balance

Tamilnad Mercantile Bank is rated 2.8 out of 5 stars on AmbitionBox, based on 196 company reviews.This rating reflects a below average employee experience, indicating poor satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Tamilnad Mercantile Bank
based on 191 reviews
3.8
Rated by 26 Women
Rated 4.0 for Job security and 3.9 for Skill development
2.7
Rated by 165 Men
Rated 3.3 for Job security and 3.2 for Salary

Work Policy at Tamilnad Mercantile Bank

based on 38 reviews in last 6 months
Work from office
98%
Hybrid
2%

Tamilnad Mercantile Bank Reviews

Top mentions in Tamilnad Mercantile Bank Reviews

+ 5 more
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Compare Tamilnad Mercantile Bank with Similar Companies

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Overall Rating
2.8/5
based on 196 reviews
3.6/5
based on 1k reviews
3.2/5
based on 871 reviews
3.4/5
based on 462 reviews
Highly Rated for
No highly rated category
No highly rated category
No highly rated category
Salary
Job security
Critically Rated for
Work-life balance
Company culture
Work satisfaction
Promotions
Work satisfaction
Work-life balance
Work-life balance
Promotions
Company culture
Work satisfaction
Work-life balance
Company culture
Primary Work Policy
Work from office
98% employees reported
Work from office
96% employees reported
Work from office
92% employees reported
Work from office
92% employees reported
Rating by Women Employees
3.8
Good
rated by 26 women
3.4
Average
rated by 152 women
3.3
Average
rated by 195 women
3.2
Average
rated by 114 women
Rating by Men Employees
2.7
Poor
rated by 165 men
3.6
Good
rated by 830 men
3.3
Average
rated by 628 men
3.5
Good
rated by 309 men
Job security
3.4
Average
3.5
Good
3.7
Good
3.8
Good
View more

Tamilnad Mercantile Bank Salaries

Tamilnad Mercantile Bank salaries have received with an average score of 3.2 out of 5 by 196 employees.

Clerk

(69 salaries)
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₹2.4 L/yr - ₹10 L/yr

Bank Clerk

(21 salaries)
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₹3 L/yr - ₹8 L/yr

Branch Head

(14 salaries)
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₹7.1 L/yr - ₹15 L/yr

Branch Manager

(14 salaries)
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₹11.5 L/yr - ₹17.5 L/yr

Clerical Staff

(13 salaries)
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₹3.7 L/yr - ₹6.3 L/yr

Chief Manager

(7 salaries)
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₹12 L/yr - ₹17.5 L/yr

Credit Analyst

(6 salaries)
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₹6 L/yr - ₹14 L/yr

Accounts Clerk

(6 salaries)
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₹4.5 L/yr - ₹7.5 L/yr

Probationary Clerk

(6 salaries)
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₹3.8 L/yr - ₹6.2 L/yr

Credit Officer

(6 salaries)
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₹7.5 L/yr - ₹10.5 L/yr

Tamilnad Mercantile Bank Jobs

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Tamilnad Mercantile Bank FAQs

When was Tamilnad Mercantile Bank founded?
Tamilnad Mercantile Bank was founded in 1921. The company has been operating for 104 years primarily in the Banking sector.
Where is the Tamilnad Mercantile Bank headquarters located?
Tamilnad Mercantile Bank is headquartered in Chennai, Tamil Nadu.
How many employees does Tamilnad Mercantile Bank have in India?
Tamilnad Mercantile Bank currently has more than 3,700+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Tamilnad Mercantile Bank based on the number of reviews submitted on AmbitionBox.
Does Tamilnad Mercantile Bank have good work-life balance?
Tamilnad Mercantile Bank has a work-life balance rating of 2.1 out of 5 based on 100+ employee reviews on AmbitionBox. 57% employees rated Tamilnad Mercantile Bank 3 or below for work-life balance. This rating reflects a negative sentiment among employees for work-life balance. We encourage you to read Tamilnad Mercantile Bank work-life balance reviews for more details
Is Tamilnad Mercantile Bank good for career growth?
Career growth at Tamilnad Mercantile Bank is rated as poor, with a promotions and appraisal rating of 2.7. 57% employees rated Tamilnad Mercantile Bank 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading Tamilnad Mercantile Bank promotions/appraisals reviews for more detailed insights.
What are the cons of working in Tamilnad Mercantile Bank?
Working at Tamilnad Mercantile Bank does have some drawbacks that potential employees should consider. The company is poorly rated for work life balance, company culture and work satisfaction, based on 100+ employee reviews on AmbitionBox.
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