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Tamilnad Mercantile Bank Q2 Results: Net profit rises 42% to record Rs 451 crore on high net interest income
🇮🇳 India · Economy · Tamil Nadu · 14 h ago
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26.10 13:56 UTC
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Excerpt from BusinessLine Private sector lender Tamilnad Mercantile Bank (TMB) on Monday reported its highest ever quarterly net profit at ₹451 crore for the quarter ended September 2026 (Q2FY27).
TMB’s IT spending is estimated at ₹280 crore this financial year, with around 20% earmarked for cybersecurity.
Faster credit growth pushed the bank’s credit-to-deposit ratio up by 259 basis points year-on-year to 87.27%.
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