Mumbai, July 27 -- Tamilnad Mercantile Bank (TMB) has reported its highest-ever quarterly net profit of Rs 412 crore for the first quarter ending June 30 (Q1 FY27), registering a robust 35 per cent year-on-year growth.

The bank's stellar performance was anchored by a 32 per cent Year-on-Year surge in net interest income (NII) to Rs 765 crore, while operating profit expanded 48 per cent Y-O-Yto reach Rs 611 crore.

Total business crossed Rs 1.21 lakh crore, up 23 per cent y-o-y, significantly outperforming broader industry growth trends. Advances grew 27 per cent yearly to Rs 57,306 crore, led by retail, agriculture, and MSME (RAM) loans, which rose 28.5 per cent y-o-y to Rs 54,083 crore--constituting 94.4 per cent of the bank's total loa...