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via economictimes.indiatimes.comMarkets

Tamilnad Mercantile Bank Q2 net profit up 42% to record Rs 451 crore

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Tamilnad Mercantile Bank has set a remarkable milestone with a net profit of Rs 451 crore for the quarter from July to September. This success is buoyed by a substantial rise in interest income, totaling Rs 1,820 crore compared to the same period last year. Managing Director…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishQuarterly results of an Indian regional bank, relevant for the local stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Net profit for the July-September quarter is Rs 451 crore.
  2. 02Interest income rose to Rs 1,820 crore versus the same period last year.
  3. 03The managing director highlights the role of net interest income.

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