Tamilnad Mercantile Bank
Tamilnad Mercantile Bank draws up road map for biz, tech transformation
Bank takes on board McKinsey, Deloitte and Oracle to realise goal
Tamilnad Mercantile Bank Q3 results: Net profit rises 6% to Rs 300.24 cr
Private sector Tamilnad Mercantile Bank Ltd has reported a net profit of Rs 300.24 crore for the October-December 2024 quarter, up by 6 per cent, driven by continued growth in core lending and deposit businesses, a top official said on Wednesday. The Tuticorin-based bank had registered a net profit of Rs 284.23 crore during the corresponding quarter of last financial year. The net profit for the nine month period ending December 31, 2024 went up to Rs 890.71 crore, from Rs 818.97 crore registered in the year ago period. The total income during the quarter under review went up to Rs 1,519.94 crore from Rs 1,387.13 crore registered in the year ago period. For the nine month period ending December 31, 2024 the total income grew to Rs 4,599.69 crore as against Rs 4,075.24 crore registered in the corresponding period of last financial year. "We have achieved year-on-year growth of 6 per cent in net profit in Q3FY25, driven by continued growth in our core lending and deposit businesses. W
Tamilnad Mercantile Bank Q3 results: Net profit rises 6% to Rs 300 crore
The net interest income stood at Rs 570 crore for Q3 FY25, as against Rs 537 crore in Q3 FY24, registering a growth rate of 6 per cent
We aim to modernize, improve workforce productivity: Salee Sukumaran Nair
Nair in an online interaction with Shine Jacob, outlines his vision for the Tamilnad Mercantile Bank
Tamilnad Mercantile Bank Q2 results: PAT grows 10.84% to Rs 303.18 cr
Private sector Tamilnad Mercantile Bank has reported a 10.84 per cent rise in its net profits for the July-September quarter at Rs 303.18 crore, the bank said on Tuesday. The Tuticorin-based over century-old bank had registered net profits of Rs 273.51 crore during the corresponding quarter of last year. For the six month period ending September 30, 2024 the net profits surged to Rs 590.47 crore, from Rs 534.74 crore registered in the year ago period. Total income during the quarter under review grew to Rs 1,564.88 crore, from Rs 1,365.22 crore registered in the corresponding quarter of last year. For the half year ending September 30, 2024 the total income went up to Rs 3,079.75 crore as against Rs 2,688.11 crore registered in the year ago period. In a statement, the bank said the Gross Non-Performing Assets (Gross NPA) decreased to 1.37 per cent by 33 basis points, from 1.70 per cent as on September 30, 2024 while net NPA fell to 0.46 per cent from 0.99 per cent. The Net Interes
Tamilnad Mercantile Bank Q2 results: Net profit rises 11% to Rs 303 cr
Total income grew 15 per cent to Rs 1,565 crore during the quarter under review, from Rs 1,365 crore during the July to September period last financial year
TMB bets big on MSME sector, ropes in McKinsey for strategic development
The bank in its AGM highlighted its continued focus on growth and transformation, laying out a comprehensive plan for expansion and digitalisation to drive future growth.
GNFC, ITI, ACE among 8 smallcap stocks testing long-term averages on charts
ACE is seen testing its 200-DMA after 2 years, while TMB after 5 months; rest of the smallcap stocks were consolidating around the 200-DMA for more than a month now; check bullish, bearish stocks here
TMB rallies 4% following RBI approval of Salee Sukumaran Nair as MD, CEO
Tamilnad Mercantile Bank (TMB) shares surged up to 4.35 per cent at 470.80 a piece on the BSE during intraday trading on Monday
RBI approves Salee Sukumaran Nair as MD, CEO of Tamilnad Mercantile Bank
Nair, a postgraduate in applied electronics, started his banking career in 1987
New FD schemes: RBL to TMB, mid-tier banks enter the great deposit chase
Launch special schemes to boost fund base
Tamilnad Mercantile Bank submits fresh names for MD, CEO post to RBI
At present, around 93 per cent of its business comes from the retail, agriculture, and micro, small and medium enterprise (MSME) sectors
Tamilnad Mercantile Bank Q1 results: Net profit rises 9.9% to Rs 287.29 cr
Over century-old private sector Tamilnad Mercantile Bank has recorded a 9.97 per cent rise in its net profit for the April-June 2024 quarter at Rs 287.29 crore on account of rise in interest income. The Tamil Nadu-based bank had registered a net profit of Rs 261.23 crore during the corresponding quarter of last year. For the financial year ending March 31, 2024 the net profit stood at Rs 1,072.03 crore. Total income during the April-June 2024 quarter went up to Rs 1,046.03 crore from Rs 942.98 crore registered in the year ago period. For the financial year ending March 31, 2024 the total income stood at Rs 5,492.85 crore. According to a press release, the bank's deposits rose to Rs 49,188 crore during the April-June 2024 quarter, from Rs 47,008 crore registered in the same quarter of last year. The advances of the bank has increased to Rs 40,853 crore with a growth of 10 per cent year-on-year basis. The Net Interest Income stood at Rs 567 crore for the April-June 2024 quarter, a
Tamilnad Mercantile Bank Q1 results: Net profit up 10% at Rs 287.3 crore
Total income has grown 15 per cent to Rs 1,515 crore during the quarter under review, from Rs 1,323 crore during the same period last fiscal
3 GMs to take charge of TMB operations after Sankarasubramaniam's exit
Krishnan had resigned from the post of MD and CEO of the Tuticorin-based bank, on September 28 last year, citing personal reasons
Tamilnad Mercantile Bank net profit falls flat at Rs 253 crore in Q4
The bank posted a net profit of Rs 284 crore for the October-December 2023 quarter
RBI rejects Tamilnad Mercantile Bank's proposal for CEO candidate
Bank has been asked to submit "fresh panel of candidates with suitable experience" for the position of chief executive
TMB shareholders take the legal route to fast track MD appointment
Krishnan Sankarasubramaniam, TMB's managing director and chief executive officer, resigned from his position on September 28, 2023. He continues to serve until a new appointment is confirmed
RBI imposes Rs 1.31 cr fine on Tamilnad Mercantile Bank for non-compliance
The Reserve Bank of India on Tuesday it has imposed penalties on DCB Bank and Tamilnad Mercantile Bank for non-compliance with certain directions related to 'interest rate on advances'. A monetary penalty of Rs 63.6 lakh has been imposed on DCB Bank, the RBI said in a statement. In a separate release, the central bank informed that a penalty of Rs 1.31 crore has been imposed on Tamilnad Mercantile Bank for non-compliance with certain directions issued by it on 'Interest Rate on Advances' and 'Central Repository of Information on Large Credits (CRILC) - Revision in Reporting'. In both cases, the RBI said the penalties were based on deficiencies in regulatory compliance and not intended to pronounce upon the validity of any transactions or agreements entered into by them with their customers.
RBI clears appointment of S Ravindran as part-time chairman of TMB
The approval is subject to Ravindran, stepping down from his directorships in Shriram Finance and Bandhan AMC, prior to assuming charge
