[
The bank’s operating profit stood at Rs 522 crore, 29% higher than last time’s Rs 404 crore on 16% higher total income at Rs 1792 crore against Rs 1542 crore.
Its net interest margin for the quarter rose to 4.18% from 3.91% seen in the year-ago quarter.
The net profit for FY26 stood at Rs 1338 crore as compared with Rs 1183 crore in FY25. The bank board proposed a final dividend of Rs 12.50 per equity share of the face value Rs 10 each, which is 125% dividend for FY26.
Managing director Salee S Nair said that the bank’s business growth in both the assets and liability sides has been the highest in the past 10 years
Its advances grew 20.3% year-on-year to Rs 53,379 crore white deposits rose 14.9% to Rs 61,712 crore. The lender’s asset quality improved with gross non-performing assets ratio declining to 0.73% at the end of March from 1.25% a year prior.
https://img.etimg.com/thumb/msid-130559057,width-1200,height-630,imgsize-17600,overlay-etmarkets/articleshow.jpg
https://economictimes.indiatimes.com/markets/stocks/earnings/tamilnad-mercantile-bank-profit-jumps-28-on-strong-growth/articleshow/130559064.cms
