Tamilnad Mercantile Bank is currently trading at Rs. 512.15, up by 6.00 points or 1.19% from its previous closing of Rs. 506.15 on the BSE.

The scrip opened at Rs. 500.55 and has touched a high and low of Rs. 512.70 and Rs. 500.55 respectively. So far 2986 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 557.00 on 01-Dec-2025 and a 52 week low of Rs. 403.35 on 03-Mar-2025.

Last one week high and low of the scrip stood at Rs. 515.10 and Rs. 499.05 respectively. The current market cap of the company is Rs. 8118.68 crore.

The Institutions holding in the company stood at 6.62%, while Non-Institutions held 93.38% in the company.  

Tamilnad Mercantile Bank (TMB) has entered a strategic partnership with Fin Meadows Technologies, as a Technology Service Provider (TSP) for UPI Switching through their Tech Fini UPI Switch. The partnership aims to enable faster, secure and scalable UPI solutions for payment aggregators, NBFCs, merchants and fintech partners. In addition to merchant payments, the collaboration extends UPI use cases to lending and collections through TechFini’s UPI Autopay solution. NBFCs and digital lenders integrated with TMB can automate EMI and loan repayments directly from customers’ linked bank accounts using UPI Mandate. The solution supports multiple repayment options, including daily micro-repayments via QR codes or UPI Autopay. Automated reminders and seamless retry mechanisms help improve repayment discipline and reduce delinquencies.

The bank has also entered into strategic engagement with Rugr FinTech (Rugr) as a referral partner to source RBI-licensed Payment Aggregators (PAs) for UPI merchant collections. This initiative leverages TMB’s Hosted UPI Switch - TechFini, procured from Fin Meadows Technologies, to deliver a secure, scalable, and compliant UPI acquiring infrastructure. The partnership aims to strengthen TMB’s digital payment ecosystem by enabling regulated Payment Aggregators and Gateways to route UPI transactions through TMB’s platform, ensuring high success rates and compliance with regulatory guidelines.

Tamilnad Mercantile Bank is one of the oldest private sector banks in the country. It offers a wide range of banking and financial services primarily to Micro, Small and Medium Enterprises (MSME), agricultural and retail customers.