Asansol, a city in the Burdwan district of the Indian state of West Bengal, is the states second largest city in terms of area and population. It is a Tier-II city which rapidly developing. The city has derived its name from two words - "Asan" refers to a 30 meters tall found near River Damodar and "Sol" refers to land. Thus, these two words combine to form the name of this city which is incredibly rich in minerals. This cosmopolitan city is located on the lower Chota Nagpur Plateau and it shares the border with the Dhanbad district in the adjoining state of Jharkhand. The economy of this city is principally dependent on its steel and coal industries. The IISCO or Indian Iron and Steel Company Ltd steel-making plant at Kulti in Asansol was the first of such facility in India and is undergoing major renovations to come back with doubled production rate. Eastern Coalfields has a significant presence in the Asansol due to the enormous deposits of high-quality coal in and around the city. The railway is a big contributor to Asansols economy as many residents are employed in the Chittaranjan Locomotive Works which is one of the worlds largest locomotive manufacturers.
The head office of the Tamilnad Bank is at Thoothukudi, Tamil Nadu. The primary objective of founding TMB was to serve the Nadar business community, and the idea was proposed at the annual meeting of Nadar Mahajani Sangam at Tuticorin in 1920. Outside the state of Tamil Nadu, the bank opened its first Indian branch at Bangalore in 1976. On 9 December 1984, the bank opened its first fully computerized branch at WGC Road, Tuticorin. On 11 November 2003, the Bank launched its ATM Card. In e-banking, RTGS/NEFT facilities have been successfully implemented by the TMB bank. The Tamilnad Mercantile Bank had the tie-up with Western Union Money Transfer to facilitate the remittances from abroad to India. For providing payment gateway services to the internet banking customers, TMB bank collaborated with BillDesk (India ideas.com), CCAvenue (Avenues India), SBI ePay, Atom Technologies and PayU India. It was the first old bank to supplying POS machines and introduce mobile banking to Customers. The bank had adopted a video conferencing facility for connecting with the Head Office, various Departments, and Regional offices. For its ATM operations, TMB bank is a member of National Financial Switch. The bank also introduced TMB e-passbook app as a part of its mobile banking operation.