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Tamilnad Mercantile Bank’s net profit rises 10% to Rs 287.29 in Q1FY25

03 Aug 2024 Evaluate

Tamilnad Mercantile Bank has reported results for first quarter ended June 30, 2024 (Q1FY25). 

The bank has reported 9.98% rise in net profit at Rs 287.29 crore for Q1FY25 as compared to Rs 261.23 crore for the same quarter in the previous year. Total income of the bank increased by 14.51% at Rs 1,514.87 crore for Q1FY25 as compared to Rs 1,322.89 crore for the corresponding quarter previous year.

Tamilnad Mercantile Bank is one of the oldest private sector banks in the country, with a history of almost 100 years. It offers a wide range of banking and financial services primarily to Micro, Small and Medium Enterprises (MSME), agricultural and retail customers.


Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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