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Tamilnad Mercantile Bank announced that the Board of Directors of the Company at its meeting held on 27 April 2026, inter alia, have recommended the final dividend of Rs 12.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.

Net profit of Tamilnad Mercantile Bank rose 28.01% to Rs 373.65 crore in the quarter ended March 2026 as against Rs 291.90 crore during the previous quarter ended March 2025. Total Operating Income rose 15.56% to Rs 1550.38 crore in the quarter ended March 2026 as against Rs 1341.68 crore during the previous quarter ended March 2025.For the full year,net profit rose 13.10% to Rs 1337.55 crore in the year ended March 2026 as against Rs 1182.61 crore during the previous year ended March 2025. Total Operating Income rose 9.98% to Rs 5819.42 crore in the year ended March 2026 as against Rs 5291.26 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Total Operating Income1550.381341.68 16 5819.425291.26 10 OPM %71.4571.56 -72.5470.21 - PBDT503.52386.78 30 1806.601574.89 15 PBT503.52386.78 30 1806.601574.89 15 NP373.65291.90 28 1337.551182.61 13 Powered by Capital Market - Live News

Tamilnad Mercantile Bank will hold a meeting of the Board of Directors of the Company on 27 April 2026.

Tamilnad Mercantile Bank is opening three new branches at Ballari (Karnataka), Anand (Gujarat) and Pandalkudi (Tamil Nadu) on 30 March 2026. Powered by Capital Market - Live News

Tamilnad Mercantile Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) of the Bank with effect from 07 February 2026 as under:Overnight MCLR - 7.55%One month MCLR - 7.55% Three month MCLR- 8.25% Six month MCLR - 8.80% One year MCLR - 9.25% Powered by Capital Market - Live News