Tamilnad Mercantile Bank Q1 Results: Net profit rises 10% to Rs 287.29 crore

Tamilnad Mercantile Bank saw a 9.97% rise in net profit for April-June 2024, with Rs 287.29 crore. The increase was attributed to higher interest income. Deposits and advances grew, with deposits reaching Rs 49,188 crore. The bank opened new branches and introduced several services for its customers.