Tamilnad Mercantile Bank Limited — Updates, 23-04-2025: Press Release

Tamilnad Mercantile Bank (TMB) reported a solid performance for FY2025, with net profit rising to ₹1,183 crore, representing a year-on-year growth of 10.35%. Operating profit also saw an improvement, reaching ₹1,746 crore, a 17.81% increase. Interest income climbed to ₹5,291 crore, reflecting a 9.14% growth. The bank's total income grew to ₹6,142 crore, marking an 11.82% rise. Total business increased to ₹98,055 crore, a growth of 9.58%. Notably, the bank’s gross NPA ratio improved to 1.25% from 1.44%, while net NPA decreased to 0.36% from 0.85%. TMB expanded its footprint by opening 26 new branches and has committed to enhancing digital capabilities through strategic partnerships aimed at customer growth and operational efficiency. Given these strong metrics and strategic initiatives, TMB appears well-positioned for future growth while emphasizing responsible lending and risk management practices.