Tamilnad Mercantile Bank Posts Strong FY2025 Results with 10.35% Profit Growth

25 Apr 2025 CW Team

Tamilnad Mercantile Bank Ltd (TMB), one of India’s well-established private sector banks with its headquarters in Thoothukudi, has announced robust financial results for the fiscal year 2025. Celebrating 103 years of existence, TMB continues to demonstrate strong fundamentals, with an enviable track record of consistent profitability.

The bank operates across India, with a network of 578 branches and 12 regional offices spread over 17 states and four Union Territories, serving more than 5.3 million customers. The Board of Directors of Tamilnad Mercantile Bank approved the audited financial results for the year ended March 31, 2025, at a meeting held in Thoothukudi on April 23, 2025. Shri Salee S Nair, Managing Director and CEO of the bank, declared the results, with the presence of senior bank officials.

In a statement, Shri Salee S Nair expressed pride in the bank’s growth, highlighting a year-on-year (YoY) net profit increase of 10.35%, driven by sustained growth in the bank's core lending and deposit businesses. "We remain committed to expanding our reach and enhancing customer experience. This year, we have opened 26 new branches across key markets, strengthening our distribution network," said Shri Nair. "Additionally, we have entered into several strategic partnerships for digital transformation and increasing operational efficiency. These initiatives, alongside a strong focus on responsible lending and risk management, will set the foundation for sustainable and profitable growth."

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..