BusinessPhoto: Hindu BusinessTMB Reports Record ₹451 Crore Profit, Prepares for Higher ECL Provisioning
Tamilnad Mercantile Bank (TMB) posted its highest-ever quarterly net profit of ₹451.14 crore in Q2 FY27, a 42.09% increase year-on-year, driven by strong core banking income and cost efficiency. Total business grew 27.25% to ₹1.30 lakh crore, the highest in 18 years. The bank expects higher provisioning under the expected credit loss (ECL) framework as its balance sheet expands. Cybersecurity will account for 20% of planned IT spending next year.
Hindu Business··Chennai




