Tamilnad Mercantile Bank Q1 net crosses ₹400 crore for the first time
Tamilnad Mercantile Bank Ltd (TMB) reported a 34.97% year on year (YoY) increase in net profit to ₹411.51 crore for the quarter ended June 2026 compared with ₹304.89 crore in the corresponding quarter last year. “This is the highest-ever net profit in the bank’s history. For the first time, we have crossed the ₹400 crore mark,” said Salee S Nair, Managing Director and CEO of the bank.The bank’s Net Interest Income increased to ₹765.08 crore from ₹579.55 crore, a growth of 32.01% YoY.
- ▪Tamilnad Mercantile Bank Ltd (TMB) reported a 34.97% year on year (YoY) increase in net profit to ₹411.51 crore for the quarter ended June 2026 compared with ₹304.89 crore in the corresponding quarter last year.
- ▪“This is the highest-ever net profit in the bank’s history.
- ▪For the first time, we have crossed the ₹400 crore mark,” said Salee S Nair, Managing Director and CEO of the bank.The bank’s Net Interest Income increased to ₹765.08 crore from ₹579.55 crore, a growth of 32.01% YoY.
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| Publication time | Mon, 27 Jul 2026 21:09:14 +0530 |
| Retrieval time | 2026-07-27T15:46:26.229Z |
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Tamilnad Mercantile Bank Ltd (TMB) reported a 34.97% year on year (YoY) increase in net profit to ₹411.51 crore for the quarter ended June 2026 compared with ₹304.89 crore in the corresponding quarter last year. “This is the highest-ever net profit in the bank’s history. For the first time, we have crossed the ₹400 crore mark,” said Salee S Nair, Managing Director and CEO of the bank.The bank’s Net Interest Income increased to ₹765.08 crore from ₹579.55 crore, a growth of 32.01% YoY. Net Interest Margin (NIM) improved to 4.29% from 3.84%, up 45bps YoY.
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