ALFA Filings
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Tamilnad Mercantile Bank Limited will open a new branch in Thiruvottiyur, Tamil Nadu. The branch is scheduled to commence operations on August 27, 2026.
TMB reported record Q1 FY27 results with 23% business growth and an all-time high net profit of INR 412 Cr. Strategy focuses on loan book diversification and digitization.
Tamilnad Mercantile Bank delivered record quarterly results for Q1 FY27, characterized by 23% total business growth and the highest ever net profit in its 105-year history.
Tamilnad Mercantile Bank reported Q1 FY27 results, showing strong growth in business, deposits, and profitability. Net profit surged 34.97% YoY to ₹411.51 crore.
TMB reported robust Q1FY27 performance with Net Profit rising 34.97% YoY to ₹412 Cr. Strategy focuses on 'RAM' advances and maintaining industry-leading capital adequacy at 32.33%.
Tamilnad Mercantile Bank Ltd reported revenue from operations of ₹1,662 Cr (+19.9% YoY) and net profit of ₹411.5 Cr (+35.0% YoY) for Q1 FY27.
Tamilnad Mercantile Bank Limited has transitioned to a new email domain, '@tmb.bank.in', in compliance with RBI guidelines. The old domain remains active for 30 days.
Appellate Tribunal reduced Tamilnad Mercantile Bank's FEMA penalty from ₹17 Crore to ₹3.40 Crore. The bank expects a ₹13.60 Crore refund from the Enforcement Directorate.
Tamilnad Mercantile Bank's FEMA penalty was reduced from Rs.17 Crore to Rs.3.40 Crore. The bank is eligible for a Rs.13.60 Crore refund of deposited amounts.
Tamilnad Mercantile Bank announced that the SAFEMA Appellate Tribunal dismissed an ED appeal regarding share confiscation. The ruling pertains to alleged FEMA violations with no material financial impact.
Tamilnad Mercantile Bank concluded its 104th AGM. Shareholders approved a ₹12.50 per share dividend and the re-appointment of directors and statutory auditors.
Tamilnad Mercantile Bank shareholders approved the re-appointment of Thiru.C.Chiranjeeviraj as Non-Executive Independent Director. His second term runs from July 2026 to October 2028.
Tamilnad Mercantile Bank scheduled a board meeting on July 27, 2026. The board will consider un-audited financial results for the quarter ended June 30, 2026.