Tamilnad Mercantile Bank Results Update
TMB's press release reports Q2 net profit up 42.09% to ₹451 Crore. Total business rose 27.25%, and gross NPA fell to a 10-year low of 0.61%.
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TMB's press release reports Q2 net profit up 42.09% to ₹451 Crore. Total business rose 27.25%, and gross NPA fell to a 10-year low of 0.61%.
Tamilnad Mercantile Bank reported Q1 FY27 results, showing strong growth in business, deposits, and profitability. Net profit surged 34.97% YoY to ₹411.51 crore.
Tamilnad Mercantile Bank reported its highest-ever quarterly profitability, with FY26 Net Profit surging 13.10% to ₹1337.55 Crore. The bank expanded its footprint by opening 44 new branches during the year. Key metrics improved, with Net NPA falling to 0.18% and CRAR rising to 33.73%. A final dividend of ₹12.50 per share was recommended.