February 02, 2013 10:27 pm | Updated 10:27 pm IST - TUTICORIN:
Tamilnad Mercantile Bank has reported a 44.77 per cent increase in its operating profit to Rs.483.78 crore during the quarter ended December 31, 2012, from Rs.334.18 crore in the year-ago period.
K. B. Nagendra Moorthy, Managing Director and Chief Executive Officer, said in a statement on Saturday that the net profit had also increased from Rs.193.37 crore to Rs.295.23 crore, a rise of 52.68 per cent. The provision coverage ratio was 75.78 per cent as on December 31, 2012.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
