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Tamilnad Mercantile Bank Q3 net profit up 52.68%

Tamilnad Mercantile Bank Ltd has registered a 52.68 per cent growth in its net profit at Rs 295.23 crore in the third quarter ended December 2012. Its net profit stood at Rs 193.37 crore in the year ago period.
Net interest income increased by 36.53 per cent to Rs 171.08 crore, while the operating profit rose by 44.77 per cent to Rs 483.78 crore from Rs 334.18 crore in the corresponding period in the previous year, the bank said in a release.

Net non-performing assets came down to 0.54 per cent from 0.60 per cent in the year-ago period.


Sandip Ginodia
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