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 Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..