Tamilnad Mercantile Bank Ltd Share Price – NSE  /  BSE

Banks, Small Cap

Net profit of Tamilnad Mercantile Bank remain constant at Rs 253.06 crore in the quarter ended March 2024 and also during the previous quarter ended March 2023. Total Operating Income rose 17.16% to Rs 1253.71 crore in the quarter ended March 2024 as against Rs 1070.08 crore during the previous quarter ended March 2023.

For the full year,net profit rose 4.16% to Rs 1072.03 crore in the year ended March 2024 as against Rs 1029.26 crore during the previous year ended March 2023. Total Operating Income rose 18.79% to Rs 4847.91 crore in the year ended March 2024 as against Rs 4081.04 crore during the previous year ended March 2023.

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Tamilnad Mercantile Bank announced that the Board of Directors of the Company at its meeting held on 22 April 2024, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

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Tamilnad Mercantile Bank will hold a meeting of the Board of Directors of the Company on 22 April 2024.

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Tamilnad Mercantile Bank announced the resignation of S.Ravindran (DIN: 09778966), Non-Executive Independent Director of the Bank with effect from 31 March 2024.

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