TMB IPO
The 96-year-old bank will list to meet Reserve Bank of India regulations.
IPO of 96-year-old TMB bank likely in this year ... IPO, private placement, and Listing at Attractive Price (maybe at 800-850 range). Book value 235/ sh. Equity 143 cr pat 2016 March was 400 cr EPS 28/sh. Pat 325 EPS 22 for March 17 due to higher one-time provisioning as per RBI directive. Dividend 40% more than 500 branches pat per branch 80 lac. Current Market Price 460 (unlisted).
One of India's oldest private banks in Tamil Nadu Mercury Bank (Tamilnad Mercantile Bank Limited).
In the past 2011, the one of the best Indian Bank's ranking in the list of great Indian banks in the list of Tamil Nadu.
The ' Pikcaṭ setup ' is called as ' Pikcaṭ ' in the time of time, at least one year, and banks are offering a maximum of 10.25 % interest. More, the interest of the senior citizens is given more than this. In this way, in order to get more interest, in, Tamil Nadu Mercury Bank in appointing. This bank will deposit a 10.25 % interest to deposit account. I mean, 10 thousand rupees, when investment, 11 k15 will get 65 rupees. In this situation Tamilnadu merkaṉṭail bank publishes IPO.
- thank you currency vikatan
The 96-year-old bank will list to meet Reserve Bank of India regulations.
IPO of 96-year-old TMB bank likely in this year ... IPO, private placement, and Listing at Attractive Price (maybe at 800-850 range). Book value 235/ sh. Equity 143 cr pat 2016 March was 400 cr EPS 28/sh. Pat 325 EPS 22 for March 17 due to higher one-time provisioning as per RBI directive. Dividend 40% more than 500 branches pat per branch 80 lac. Current Market Price 460 (unlisted).. Dividend 40% more than 500 branches pat per branch 80 lac. Current Market Price 460 (unlisted).
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