Tamilnad Mercantile Bank Q3: Shares Surge on 13.8% Profit Jump, NII Growth, Easing NPAs

• Tamilnad Mercantile Bank reported a 13.8% year-on-year increase in net profit to ₹341.5 crore for Q3 FY25.
• Net Interest Income (NII) grew by 13.3% to ₹646 crore, driven by growth in advances and deposits.
• Asset quality improved significantly with Gross NPA declining to 0.91% and Net NPA easing to 0.20%.
• Total business expanded by 14.28% year-on-year to ₹1.07 lakh crore, with deposits up 12.53% and advances up 16.30%.
• Shares reacted positively, hitting an intraday high of ₹643.70 on NSE, trading up 4.61%.