Tamilnard Merchant Bank reports the net profit of the third quarter of the third quarter is 300.24 rupees CR 6 %

Qin Nai, January 29th (PTI) private sector Tamilnad Commercial Bank Co., Ltd. has reported net profit BleakA senior official said on Wednesday that the 3024 million rupees of the rupee in October to December 2024 increased by 6 %, which was driven by core loans and deposit business.

Net profit based on Tuticorin BleakIn the corresponding quarter of the previous fiscal year, US $ 28.423 billion. The net profit of nine months as of December 31, 2024 rose to Bleak890.71 million, from Bleak81.897 billion rupees registered a year ago.

The total revenue during the review quarterly reached Bleak1,519.94 million Bleak1,387.13 million rupees were registered a year ago. During the nine months of December 31, 2024, the total revenue increased to Bleak4,599.69 million BleakDuring the corresponding period of the previous fiscal year, 4,7524 million rupees were registered.

“Driven by our core loans and deposit business, our net profit and net profit are 6 %. We are still committed to expanding the coverage of coverage and enhancing customer experience.” Official Salee S Nair said.

“In this quarter (October to December 2024), we opened 5 new branches in the main market to further strengthen our distribution network,” he said in a statement.

The bank’s total business as of December 2024 increased to BleakRap 10.40 % from 94,042 million rupees BleakThe previous fiscal year recorded $ 8518.5 billion.

The NPA is 1.32 % as of December 31, 2024, and 1.69 % registered as of December 31, 2023, and Net NPA is the net NPA on December 31, 2024 to 0.41 %. Net NPA is 0.98 %. , 2023.

The bank said that the Q3FY25 RAM (retail, agriculture and MSME) field has increased to 92 %, while the 3FY24 quarter is 91 %.

“We have established some strategic partnerships with companies such as Oracle, Deloitte and Bajaj Broking to use their professional knowledge in various fields, including digital transformation and improving operating efficiency to improve customer growth.

We believe that these strategic measures, coupled with our responsible loan and cautious risk management practice, will pave the way for sustainable and profitable growth in the next few years. ”