Tamilnad Mercantile Bank Ltd unveils Impressive Financial Results

Tamilnad Mercantile Bank Ltd (TMB), a well-known private sector bank based in Thoothukudi, has been in operation for 103 years and has a strong profit-making record. The bank operates 578 branches and 12 regional offices across 17 states and 4 Union Territories, serving over 5. 3 million customers. 

On April 23, 2025, TMB’s Board of Directors approved the audited financial results for the year ending March 31, 2025. Managing Director and CEO, Shri Salee S Nair, announced a 10. 35% year-on-year growth in net profit, which reached ₹1,183 crore. The bank opened 26 new branches and formed strategic partnerships for digital transformation. 

Financial highlights include improvements in operating profit, interest income, total income, and total business, alongside a decrease in gross and net NPA ratios. The bank's deposits rose to ₹53,689 crore, and non-interest income increased significantly.

 

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