Tamilnad Mercantile Bank Q2 Net Profit Up 42% to Rs 451 Cr

New Delhi: Tamilnad Mercantile Bank on Monday reported a 42 per cent growth in net profit at Rs 451 crore for the September quarter of FY27.

The private sector lender had posted a net profit of Rs 317 crore in the July-September quarter of the last fiscal 2025-26.

Interest income of the bank rose 29 per cent to Rs 1,820 crore during Q2 of FY27, from Rs 1,413 crore in the same quarter of previous fiscal.

Gross non-performing assets (NPAs) declined to 0.61 per cent of gross advances during the September quarter, from 1.01 per cent in the corresponding quarter of FY26.

Shares of Tamilnad Mercantile Bank were trading at Rs 786.30, down 1.82 per cent over previous close on BSE.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)