Tamilnad Mercantile Bank profit jumps 28% on strong growth

Tamilnad Mercantile Bank reported a 28% jump in fourth quarter net profit at Rs 374 crore as compared with Rs 292 crore in the year ago period, backed by the highest ever business expansion in the past 10 years, the bank management said.

The bank's operating profit stood at Rs 522 crore, 29% higher than last time's Rs 404 crore on 16% higher total income at Rs 1792 crore against Rs 1542 crore.

Its net interest margin for the quarter rose to 4.18% from 3.91% seen in the year-ago quarter.


The net profit for FY26 stood at Rs 1338 crore as compared with Rs 1183 crore in FY25. The bank board proposed a final dividend of Rs 12.50 per equity share of the face value Rs 10 each, which is 125% dividend for FY26.

Managing director Salee S Nair said that the bank's business growth in both the assets and liability sides has been the highest in the past 10 years

Its advances grew 20.3% year-on-year to Rs 53,379 crore white deposits rose 14.9% to Rs 61,712 crore. The lender's asset quality improved with gross non-performing assets ratio declining to 0.73% at the end of March from 1.25% a year prior.