Tamilnad Mercantile Bank posts record ₹451-crore quarterly profit

Tamilnad Mercantile Bank reported its highest-ever quarterly net profit of ₹451.14 crore in Q2 FY27, up 42% year-on-year. Net interest income rose 35% to ₹807 crore and total business grew 27% to ₹1.30 lakh crore. The bank estimates it needs ₹385 crore of provisions under the expected credit loss framework starting April 2027, and expects that to rise.