Tamilnad Mercantile Bank Q2 results: Net profit up 42% to ₹451 crore
Reported by Business Standard, not nibnow. We are not the publisher of this story, only the source is.
Tamilnad Mercantile Bank reported a 42 percent increase in net profit and higher interest income for the quarter, signaling strong financial performance for the private sector lender.
Tamilnad Mercantile Bank on Monday reported a 42 per cent growth in net profit at Rs 451 crore for the September quarter of FY27. The private sector lender had posted a net profit of Rs 317 crore in the July-September quarter of the last fiscal 2025-26. Interest income of the bank rose 29 per cent to Rs 1,820 crore during Q2 of FY27, from Rs 1,413 crore in the same quarter of previous fiscal. Gross non-performing assets (NPAs) declined to 0.61 per cent of gross advances during the September quar
Non-performing assets measure loans that are in default or close to default, and a declining percentage generally indicates improving asset quality and financial health for a bank.
- •Further updates on the bank's non-performing asset levels in upcoming quarterly reports.
- •Trends in interest income and overall credit growth.