Latest News | Tamilnad Mercantile Bank Reports 6 Pc Growth in Q1 Net at Rs 305 Cr

New Delhi, Jul 25 (PTI) Tamilnad Mercantile Bank on Friday reported a 6.27 per cent growth in net profit to Rs 305 crore for the first quarter ended June 30.

The bank had a net profit of Rs 287 crore in the June quarter of the previous (2024-25) fiscal.

Also Read | Digital Intelligence Platform: DoT Launches Online Secure Platform to Tackle Cybercrime and Financial Frauds.

Total income of Tamilnad Mercantile Bank rose to Rs 1,617 crore in the June quarter of FY'26, from Rs 1,515 crore in the corresponding period of FY'25.

Gross non-performing assets (NPA) improved to 1.22 per cent of loans at the end of June 2025, as against 1.44 per cent in June 2024.

Also Read | Shillong Teer Results Today, July 25 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

Shares of Tamilnad Mercantile Bank closed at Rs 455.25, down 1.10 per cent over the previous close on BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)