The Economic Times

Tamilnad Mercantile Bank Q2 Results: Net profit rises 42% to record Rs 451 crore on high net interest income

Tamilnad Mercantile Bank has set a remarkable milestone with a net profit of Rs 451 crore for the quarter from July to September. This success is buoyed by a substantial rise in interest income, totaling Rs 1,820 crore compared to the same period last year. Managing Director Salee Sukumaran Nair emphasized the role of net interest income in driving this profit.