Tamilnad Mercantile Bank Limited — Board Meeting, 23-04-2025: Outcome of Board Meeting

The Board of Directors of Tamilnad Mercantile Bank Limited has approved the audited financial results for the quarter and financial year ended March 31, 2025. The bank reported interest earned of ₹1341.68 crore and a total income of ₹1542.06 crore for the quarter. The net profit for the period stood at ₹291.90 crore, reflecting a solid year-on-year growth. Additionally, the board recommended a final dividend of ₹11 per equity share (110%), pending shareholder approval at the forthcoming Annual General Meeting. Capital adequacy improved with a ratio of 32.71%, enhancing the bank's financial stability.