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Pre-provision operating profit for the private sector lender stood 48% higher at Rs 611 crore.
Its net interest margin for the quarter was at Rs 4.29%, up 45 basis points year-on-year. Net interest income rose 32% at Rs 765 crore.
The bank has a healthy asset quality with gross non-performing assets ratio being at 0.69%, improved 53 basis points year-on-year.
Its gross advances grew 27% year-on-year to Rs 57306 crore while deposits rose 20% to Rs 64409 crore at the end of June.
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https://economictimes.indiatimes.com/markets/stocks/earnings/tamilnad-mercantile-bank-q1-profit-jumps-35-on-strong-income-growth/articleshow/132662506.cms
