The Latest Breaking News from Tamilnad Mercantile Bank

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

Tamilnad Mercantile Bank has set a remarkable milestone with a net profit of Rs 451 crore for the quarter from July to September. This success is buoyed by a substantial rise in interest income, totaling Rs 1,820 crore compared to the same period last year. Managing Director Salee Sukumaran Nair…

The Economic Times · 5h ago

FD rates up to 8.50% for senior citizens on 5-year deposits; Check the list of banks

FD interest rate for senior citizents: Senior citizens can take advantage of attractive fixed deposit interest rates from various banking institutions. For instance, Suryoday Small Finance Bank shines by offering an impressive 8.50% on five-year fixed deposits, while DCB Bank provides a commendable 8%.

The Economic Times · Oct 3

Tamilnad Mercantile Bank shares surge 5% after strong Q1FY27 business update

Tamilnad Mercantile Bank shares rose sharply on Thursday after the lender reported strong Q1FY27 business growth. Total business rose 23% year-on-year, driven by a 27% jump in advances and nearly 20% growth in deposits. Rising institutional ownership and a bullish technical setup further supported investor sentiment toward the stock.

The Economic Times · Jul 2