Tamilnad Mercantile Bank to open CBD Belapur branch on June 30

1 min read Updated on 29 Jun 2026, 08:49 PM

Reviewed by

Shriram SScanX News Team

AI Summary

Tamilnad Mercantile Bank is set to open a new branch at CBD Belapur, Navi Mumbai on June 30, 2026, located at Shop No. 11 & 12, Hilton Centre. The intimation was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

*this image is generated using AI for illustrative purposes only.

Tamilnad Mercantile Bank is expanding its physical presence by opening a new branch at CBD Belapur in Navi Mumbai on June 30, 2026. The new outlet, located at Shop No. 11 & 12, Hilton Centre, Plot No.66, Sector - 11, will serve customers in Maharashtra's financial hub. This expansion aligns with the bank's strategy to increase its accessibility in key urban centers.

The disclosure was made to the National Stock Exchange of India Ltd and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, signed by Company Secretary & Compliance Officer Swapnil Ashok Yelgaonkar, confirms the operational details and location of the upcoming branch.

Branch Details

The following table outlines the specific details of the new branch opening:

Name of the Branch	Address of the Branch	Date of Opening
CBD Belapur	Shop No. 11 & 12, Hilton Centre, Plot No.66, Sector - 11, CBD Belapur, Navi Mumbai, Maharashtra - 400 614.	30.06.2026

The establishment of this branch represents a direct addition to Tamilnad Mercantile Bank 's network infrastructure. The move is aimed at enhancing service delivery for existing and prospective customers in the Navi Mumbai region.

Historical Stock Returns for Tamilnad Mercantile Bank

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.54%	+6.20%	+5.37%	+44.51%	+83.60%	+60.06%

What are the bank's projected customer acquisition targets for the Navi Mumbai region following this expansion?

Does this branch opening signal the start of a broader aggressive expansion strategy into other major urban centers outside Tamil Nadu?

How will the capital expenditure for this new branch impact the bank's operational costs and profit margins in the upcoming fiscal year?

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Tamilnad Mercantile Bank closes trading window from July 1

1 min read Updated on 23 Jun 2026, 01:05 AM

Reviewed by

Suketu GScanX News Team

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Tamilnad Mercantile Bank Ltd has closed its trading window for designated persons and their relatives effective July 1, 2026, to comply with insider trading regulations. The window will reopen 48 hours after the unaudited financial results for the quarter ending June 30, 2026 are announced. The board meeting date for Q1FY27 results will be intimated later.

*this image is generated using AI for illustrative purposes only.

Tamilnad Mercantile Bank Ltd has closed its trading window for designated persons and their relatives effective July 1, 2026, to comply with insider trading regulations ahead of its quarterly financial results. The restriction will remain in place until 48 hours after the bank announces its unaudited financial results for the quarter ending June 30, 2026. This measure ensures compliance with the Bank's Code of Conduct for Prevention of Insider Trading and the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

The closure applies to equity shares of the bank and covers designated persons and their immediate relatives as defined under the code. The specific date for the board meeting to consider and approve the unaudited financial results for Q1FY27 has not yet been announced and will be intimated in due course. The bank submitted the intimation to the National Stock Exchange of India Ltd and BSE Ltd on June 22, 2026.