Tamilnad Mercantile Bank Limited — Board Meeting, 27-07-2026: Outcome of Board Meeting

Tamilnad Mercantile Bank reported strong Q1 net profit of ₹411.51 Cr, up from ₹304.89 Cr YoY. Asset quality improved with Gross NPA at 0.69% & Net NPA at 0.17%. Board approved results and noted a significant reduction in the FEMA penalty to ₹3.40 Cr.