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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..