{
  "id": 16592277,
  "title": "Tamilnad Mercantile Bank Posts 42.09% Net Profit Jump To ₹451 Crore In Q2 FY27, Total Business Grows 27.25%",
  "url": "https://urgent.news/2026/10/26/tamilnad-mercantile-bank-posts-42-09-net-profit-jump-to-451-crore-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T10:27:18.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/tamilnad-mercantile-bank-posts-4209-net-profit-jump-to-451-crore-in-q2-fy27-total-business-grows-2725"
  },
  "original_language": "en",
  "account": "Tamilnad Mercantile Bank reported a substantial 42.09% surge in net profit to ₹451 crore during the second quarter of FY27, marking a 27.25% growth in total business. Key financial metrics showed a 35.17% rise in net interest income to ₹807 crore, a 41.80% increase in operating profit to ₹642 crore, and a record net profit with earnings per share at ₹28.49. Deposits surged by 25.49% to ₹69,546 crore, with CASA deposits growing by 16.26% to ₹17,629 crore. The bank's total assets expanded by 24.49% to ₹85,951.42 crore, with advances rising 29.32% to ₹60,691 crore. Non-performing assets decreased, with gross NPA down to 0.61% and net NPA at 0.14%. Profitability improved significantly, with return on equity at 16.92% and return on assets at 2.18%. Branch expansion reached 631, with digital channels handling 97.48% of transactions in Q2 FY27.",
  "summary": "Mumbai: Tamilnad Mercantile Bank announced on Monday its unaudited financial results for the quarter and half-year ended September 30, 2026, showcasing significant growth across key financial metrics. Profitability and Income The bank's net interest income (NII) rose by 35.17 per cent YoY to ₹807 crore. Operating profit for Q2 FY27 increased by 41.80 per cent YoY to ₹642 crore. Net profit reached…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}