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Tamilnad Mercantile planning IPO in Q3 SECTIONS Share Synopsis Tamilnad Mercantile made a net profit of Rs 181 crore in the quarter ended March 2021 from Rs 164 crore a year earlier, a growth of 10%. Net interest income, the core income a bank earns from loans, increased 8% to Rs 375 crore in March 2021 from Rs 346 crore a year earlier. Related MUMBAI: 99-year-old Tamilnad Mercantile Bank (TMB) could become the latest bank to be listed on the local exchanges as it is planning a Rs 1,000 crore t...

TMB posts strong growth in profit and better asset quality in Q3 February 02, 2021 BL05_BNK_RAMA_MOORTHY× Tamilnad Mercantile Bank (TMB) has reported an impressive performance for the December 2020 quarter with a significant growth in net profit and better asset quality parameters. For the quarter ended December 31, 2020, the Tuticorin-based bank’s net profit grew 96 per cent to ₹181 crore, compared to ₹92 crore in the year-ago quarter. The operating profit of the company grew 37 per cen...

TMB Releae Reviewed Financial Results For the Quarter Ended – Dec’20 Tamilnad Mercantile Bank Limited (TMB) one of the premier Old Private Sector Scheduled Commercial Banks, having Head Quarters in Thoothukudi has a long cherished history of 99+ years of successful banking and celebrating its Centenary Year with strong fundamentals and a record of continuous profit making in the industry. TMB having pan India presence with 509 branches and 12 Regional Offices across 16 states and 4 Union Te...