Tamilnad Mercantile Bank (TMB) has reported an increase of 15 percent in its net gain for the quarter of March 2025, while the profits for the full year Fy25 have increased by 10 percent.
The Board declared a final dividend or ₹ 11 by capital action of the nominal value of ₹ 10 each (110%) for fiscal year 2015.
The old private bank of Thothukudi (Tamil Nadu) registered a net gain of ₹ 292 million rupees for the control of the fiscal year of the fiscal year, compared to the ₹ 253 million rupees in the quarter of the previous year. For the whole year for the 2015 fiscal year, only earnings to ₹ 1,183 million rupees of ₹ 1,072 million rupees in fiscal year 2014.
The operational gain was higher in ₹ 404 million rupees in the quarter of March 2025 compared to ₹ 367 million rupees in the quarter of the previous year. For fiscal year 2015, operational profits increased 18 percent to ₹ 1,746 million rupees (₹ 1,482 million rupees in fiscal year 200), according to a statement.
Interest revenues grew to ₹ 5,291 million rupees in fiscal year 2015 (₹ 4,848 million rupees in fiscal year 2014), while unpadded income improved ₹ 851 million rupees of ₹ 645 million rupees. Net interest revenues increased to ₹ 2,301 million rupees of ₹ 2,151 million rupees.
The total expenditure was greater than ₹ 4,396 million rupees of ₹ 4,011 million rupees.
“We have achieved year -on -year growth or 10.35 percent in net profits in fiscal year 2000, driven by continuous growth in our basic loans and deposit businesses. This year, we open 26 new acrumations branches, more ropes. Several strategic associations to digitally transform the bank and improve operational efficiency,” said Salee S. Nair, MD & CEO, Tamilnad Bank Ltd.
As of March 31, 2025, the Gross NPA stood at 1.25 percent, compared to 1.44 percent a year ago. Only NPA decreased to 0.36 percent of 0.85 percent.
Gross advances increased 11 percent to ₹ 44,366 million rupees, while total deposits grew to ₹ 53,689 million rupees of ₹ 49,515 million rupees.
The net assets of the bank increased to ₹ 9.009 million rupees (₹ 7,921 million rupees in fiscal year 200), an increase or 14 percent.
Posted on April 23, 2025