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."

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