Tamilnad Mercantile Bank Limited — Updates, 28-10-2024: Press Release

Tamilnad Mercantile Bank reported robust Q2 results, with net profit rising 10.58% to ₹303 crore and operating profit increasing 27.40% to ₹465 crore. Notable improvements include a decline in gross NPA to 1.37% and net NPA to 0.46%, alongside a net interest income growth of 11.89%. The bank opened 15 new branches and launched a GST payment facility, underlining its commitment to stakeholder value.