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Tamilnad Mercantile Bank Ltd

Company details

467.95
478.85
460.10
547.85
6M Return 0.00%
1Y Return -7.76%
Mkt Cap.(Cr) 7,426.66
Volume 8,467
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 8,467

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Tamilnad Mercantile Bank Ltd.

Q2FY23 Quarterly Result Announced for Tamilnad Mercantile Bank Ltd.

Tamilnad Mercantile Bank announced Q2FY23 results:

  • The Bank’s deposits has increased to Rs 43,136.65 crore (PY Rs 41,022.21 crore)
  • The Bank’s CASA position has increased to Rs 13,192.64 crore with a growth rate of 15.32%
  • The advance level of the Bank has increased to Rs 34,876.53 crore with a growth rate of 10.38%
  • The Operating Profit is at Rs 763.63 Crore (PY Rs 688.94 Crore)
  • The Net Profit is at Rs 496.51 crore (PY Rs 392.08 Crore) registering a growth rate of 26.63%.
  • The Net Interest Income (NII) has increased to Rs 1,032.57 Crore (PY Rs 874.75 Crore) registering a growth rate of 18.04%.
  • Net Interest Margin at 4.47% (PY 4.04%)
  • Return on Asset at 1.93% & Return on Equity at 16.84% (PY 1.63% and 16.53% respectively)
  • The Bank’s Net worth increased to Rs 6,461.20 crore (PY Rs 4,905.87 crore) with an absolute rise of Rs 1,555.33 crore registering a growth rate of 31.70%
  • The Gross NPA as a percentage of total advances stood at 1.70% and the net NPA stands at 0.86%. (PY 3.31% and 1.79% respectively)
  • The Provision Coverage Ratio of the Bank increased to 88.58% (PY 80.50%)

 

Result PDF

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FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 5,335.70 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 17,508.55 -26,056.57
LAST 3M 34,878.24 -28,764.62
LAST 6M 57,360.50 38,576.46
LAST 12M 186,944.70 -113,961.48

Tamilnad Mercantile Bank Limited - Loss of Share Certificates

Feb 03, 2023 l NSE Announcement

Tamilnad Mercantile Bank Limited - Board Meeting

Feb 01, 2023 l NSE Announcement

Tamilnad Mercantile Bank to table results

Jan 31, 2023 l BSE Announcement

Date Action Type Ratio
No data found

INFORMATION

Stock PE (TTM)

7.98

Promoter Holding

0%

Book Value

425.6924

ROE

16.58%

Description

  • Tamilnad Mercantile Bank Limited was incorporated in the name of `Nadar Bank Limited` on May 11, 1921 at Thoothukudi, Tamil Nadu as a limited company under Indian Companies Act, 1913 pursuant to a certificate of incorporation issued by the erstwhile Assistant Registrar of Joint Stock, Palamcottah.. Subsequently, name of the Bank was changed to `Tamilnad Mercantile Bank Limited`, with effect from November 27, 1962, pursuant to a letter of approval from the Government of India dated November 14, 1962 and a fresh certificate of incorporation dated July 17, 1968 was issued by the Assistant Registrar of Companies, Madras. On November 11, 1921, the Bank commenced business at Thoothukudi, in Tamil Nadu. In 1933, it acquired its first property at Beach Road, Thoothukudi, in Tamil Nadu. On May 11, 1935, it was included in the second schedule to the Reserve Bank of India Act, 1934. It was granted the licence to carry on banking business in India by RBI on November 20, 1962. It opened a a rural branch at Vilathikulam, Tamil Nadu in 1968. In 1993, it was registered as Category-1 Merchant Bankers with SEBI and opened first currency chest at Madurai Branch. The Bank was granted licence to deal in foreign exchange in 1999. It launched first ATM, christened as TMB Surabhi, in Chennai in 2004. In 2005, it launched first insurance linked deposit scheme, christened as Siranjeevee Recurring Deposit. It launched SMS banking services and internet banking facilities, christened as TMB E-Connect in 2008. It launched mobile banking facilities in 2012. It signed an agreement for the issuance of PAN cards in 2014. The Bank was recognized as the "Best Performing Bank" by Pension Fund Regulatory and Development Authority of India for outstanding performance under the `Atal Pension Yojana` for the period 2020-2021. As of June 30, 2021, the Bank had 509 branches, of which 106 branches were in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. It built a strong presence in the state of Tamil Nadu, with 369 branches and 941 automated teller machines (ATMs) and 238 cash recycler machines (CRMs). The Bank offer a wide range of banking and financial services primarily to micro, small and medium enterprises (MSME), agricultural and retail customers, operating in manufacturing, trading and services sector.

No Data Found

AGM Date (Month) :
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543596
NSE Code : TMB
Book Closure Date (Month) :
BSE Group : B
ISIN : INE668A01016

ICICIdirect Tamilnad Mercantile Bank Ltd FAQ

You can buy Tamilnad Mercantile Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Tamilnad Mercantile Bank Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 06, 2023 04:01 PM the closing price of Tamilnad Mercantile Bank Ltd was ₹ 469.00.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 06, 2023 04:01 PM, the market cap of Tamilnad Mercantile Bank Ltd stood at ₹ 7,426.66.
The latest PE ratio of Tamilnad Mercantile Bank Ltd as of Feb 06, 2023 04:01 PM is 7.98
The latest PB ratio of Tamilnad Mercantile Bank Ltd as of Feb 06, 2023 04:01 PM is 0.90
The 52-week high of Tamilnad Mercantile Bank Ltd is ₹ 547.85 while the 52-week low is ₹ 460.10

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