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."

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..