Tamilnadu Mercantile Bank Ltd

The bank obtained license to deal in Foreign Exchange in the year 1984. The FOREX department of the bank is functioning in the renowned port city of Tuticorin. The bank had achieved a turnover of Rs. 1825 Crores in foreign exchange for the year ended March 2001. It has achieved a turnover of Rs. 3076 Crores during the year ended March 31, 2006. In terms of Forex turnover, this bank ranks first among the Tamilnadu based private sector banks. The bank is known for its quick and efficient service in this segment. With a view to provide enhanced facilities to the bank's customers the Foreign Exchange Department which was functioning at Tuticorin has been shifted to Chennai as International Banking Division. The bank has become a member of the Society for Worldwide Inter Bank Financial Telecommunications (SWIFT).