Tamilnad Mercantile Bank
428.70
-1.35(-0.31%)
Market Cap₹6,809.90 Cr
PE Ratio5.65
IndustryBanks
Company Performance:
1D-0.31%
1M-3.51%
6M+1.12%
1Y-4.12%
5Y-15.88%
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Latest news about Tamilnad Mercantile Bank
Tamilnad Mercantile Bank Expands Insurance Portfolio with Bajaj Allianz General Insurance Partnership 3 days ago
Tamilnad Mercantile Bank (TMB) has formed a strategic partnership with Bajaj Allianz General Insurance Company Ltd. (BAGIC) to expand its non-life insurance product range. The collaboration will enable TMB to offer various insurance products including motor, health, personal accident, asset protection, and cyber insurance through its 587 branches and digital platforms. This partnership aligns with TMB's strategy to provide comprehensive financial solutions and grow fee-based income. BAGIC will support TMB with a dedicated service team, staff training, IT integration, and web portal linkages.
Tamilnad Mercantile Bank Reports 6.13% Net Profit Growth, Deposits Surge 9.38% Jul 31, 2025
Tamilnad Mercantile Bank Reports 6.3% Growth in Quarterly Net Profit Jul 28, 2025
Tamilnad Mercantile Bank Reports Highest Ever Quarterly Profit, Crosses ₹1 Lakh Crore Business Milestone Jul 25, 2025
Tamilnad Mercantile Bank Reports Higher Q1 Profit, Improved Asset Quality, and Achieves ₹1 Lakh Crore Business Milestone Jul 25, 2025
More news about Tamilnad Mercantile Bank
02Jul 25
Tamilnad Mercantile Bank: Q1 Business Grows 9.86% YoY, Nears ₹99,000 Crore
Tamilnad Mercantile Bank has shown significant growth in Q1 across various financial indicators. The bank's total business increased by 9.86% year-over-year to ₹98,923.00 crore. Total deposits grew by 9.4% to ₹53,803.00 crore, while CASA deposits increased by 4.5% to ₹14,411.00 crore. Gross advances saw a 10.4% growth, reaching ₹45,120.00 crore.
25Apr 25
Tamilnad Mercantile Bank Projects 15-18% Loan Growth for FY'26, Reports Strong FY'25 Performance
Tamilnad Mercantile Bank (TMB) announced a loan growth target of 15-18% for FY'26 and reported impressive FY'25 results. Key highlights include: Total income up 11.81% to ₹6,141.75 crore, net profit increased 10.31% to ₹1,182.61 crore, and total advances grew 11% to ₹44,366 crore. Asset quality improved with Gross NPA ratio at 1.25% and Net NPA at 0.36%. The bank's Capital Adequacy Ratio strengthened to 32.71%, and EPS rose to ₹74.68, marking a 10.31% YoY growth.
24Apr 25
Tamilnad Mercantile Bank Reports Strong FY2025 Performance with 10.35% Net Profit Growth
Tamilnad Mercantile Bank (TMB) announced robust financial results for FY2025. Net profit increased by 10.35% to ₹1,183.00 crore, while operating profit grew by 17.81% to ₹1,746.00 crore. Total income rose by 11.82% to ₹6,142.00 crore. Asset quality improved with GNPA ratio decreasing to 1.25% and NNPA ratio to 0.36%. Total business expanded by 9.58% to ₹98,055.00 crore. The bank opened 26 new branches and launched specialized units to enhance market position. A final dividend of ₹11.00 per equity share was recommended.
23Apr 25
Tamilnad Mercantile Bank Reports Strong Q4 Performance, Recommends 110% Dividend
Tamilnad Mercantile Bank (TMB) announced robust financial results for Q4 and FY2025. Net profit for Q4 increased by 15.4% YoY to ₹2.92 billion, while full-year profit rose 10.3% to ₹11.83 billion. Asset quality improved with GNPA ratio decreasing to 1.25% from 1.44% last year. The bank maintained a strong capital position with a CAR of 32.71%. The Board recommended a final dividend of 110% (₹11 per share) for FY2025.
07Apr 25
Tamilnad Mercantile Bank Reports Strong Growth in Advances and Deposits
Tamilnad Mercantile Bank announced impressive financial updates for the period ending March 31. The bank reported an 11.00% year-over-year increase in gross advances and an 8.43% growth in total deposits. This simultaneous growth in both lending and deposit-taking operations indicates the bank's strong financial health and potential for higher interest income.
05Apr 25
Tamilnad Mercantile Bank Reports Robust Growth in Advances and Deposits for FY 2024-25
Tamilnad Mercantile Bank (TMB) announced impressive financial results for the fiscal year ending March 31, 2025. Gross advances increased by 11.00% to ₹44,365.00 crore, while total deposits grew by 8.43% to ₹53,689.00 crore. The bank's focus on Retail, Agriculture, and MSME (RAM) sectors led to a 13.19% growth in RAM advances, reaching ₹41,297.00 crore. Overall, TMB's total business expanded by 9.58% to ₹98,054.00 crore, demonstrating strong performance across key financial metrics.
29Mar 25
Tamilnad Mercantile Bank Expands Network and Addresses Regulatory Compliance
Tamilnad Mercantile Bank (TMB) has opened six new branches across India, bringing its total to 578 branches in 17 states and 4 Union Territories. The bank received a cautionary notice from stock exchanges regarding a delay in disclosing audio recordings of an investor meet. TMB has since provided the required disclosure and stated there is no quantifiable impact on its operations.
11Mar 25
Tamilnad Mercantile Bank Faces ₹58.91 Crore Tax Demand, Plans to Challenge
Tamilnad Mercantile Bank (TMB) has received a tax demand notice of ₹58.91 crore from the Income Tax Department for the Assessment Year 2017-18. The bank plans to contest the demand through legal channels and does not expect it to materially impact its financials or operations. TMB promptly disclosed this development to stock exchanges in compliance with SEBI regulations.
07Mar 25
Tamilnad Mercantile Bank Slashes Lending Rates, Boosts Borrower-Friendly Stance
Tamilnad Mercantile Bank (TMB) has announced significant reductions in key lending rates. The one-year Marginal Cost of Funds based Lending Rate (MCLR) has been cut from 9.75% to 9.60%, effective March 7, 2025. Additionally, the Repo Linked Lending Rate (RLLR) has been reduced from 9.45% to 9.25%. These rate cuts are expected to benefit both new and existing borrowers through potentially lower interest rates and reduced EMIs. The move aims to stimulate credit growth and enhance TMB's competitiveness in the lending market.
06Mar 25
Tamilnad Mercantile Bank Slashes Lending Rates: MCLR and RLLR Reduced
Tamilnad Mercantile Bank (TMB) has announced reductions in key lending rates effective March 7, 2025. The one-year MCLR has been cut from 9.75% to 9.60%, while the RLLR has been reduced from 9.45% to 9.25%. These changes are expected to benefit both existing and new borrowers with potentially lower interest rates and EMIs. The bank has informed the stock exchanges about these rate changes in compliance with SEBI regulations.
Tamilnad Mercantile Bank
428.70
-1.35
(-0.31%)
1 Year Returns:-4.12%
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