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The Economic Times

Business

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

Tamilnad Mercantile Bank

Tamilnad Mercantile Bank on Monday reported its highest-ever quarterly net profit at Rs 451 crore for July-September, aided by higher net interest income and improved cost-cutting measures.

The Tamil Nadu-based private lender's net profit increased 42 per cent in the September quarter of the current financial year from Rs 317 crore in the corresponding period a year ago.

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