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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 to Rs 1,300 crore initial public offer (IPO) later this fiscal to comply with regulatory requirements...
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 cent at ₹350 crore compared to ₹256 crore in Q3 of the previous fiscal, on the back of strong growt...
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 Territories is serving more than 4.80 million delighted customers. The bank is having 1162 ATMs, 45 e-...