Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs).
- Tamilnad Mercentile Bank reported Total Income for Q4 FY23 of ₹1,070 Crore, up from ₹986 Crore year on year, a growth of 9%.
- Total Expenses for Q4 FY23 of ₹364 Crore down, from ₹422 Crore year on year, a decline of 14%.
- Consolidated Net Profit of ₹253 Crore, up 11% from ₹227 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹15.98, up 0.31% from ₹15.93 in the same quarter of the previous year.