Quarterly Result25 Jul 2025, 08:23 pm
Tamilnad Mercantile Bank Ltd Achieves Highest Ever Quarterly Net Profit in Q1FY26
AI Summary
Tamilnad Mercantile Bank Ltd (TMB) has reported the highest ever quarterly net profit in Q1FY26, driven by continued growth in core lending and deposit businesses. The bank has opened 7 new branches, entered into strategic partnerships for digital transformation, and improved its fundamental parameters. The bank's net profit has surged by 6.27%, gross NPA has decreased to 1.22%, net NPA has improved to 0.33%, and CRAR % has increased to 31.55%.
Key Highlights
- Highest ever quarterly net profit in Q1FY26
- Opened 7 new branches in key markets
- Improved fundamental parameters
- Entered into strategic partnerships for digital transformation
- Increased CRAR % to 31.55%