Tamilnad Mercantile Bank reports a 10% rise in net profit for June quarter

Tamilnad Mercantile Bank saw a 10% rise in net profit for the June quarter, reaching Rs 287 crore compared to Rs 261 crore in the same period last year. Operating profit increased to Rs 469 crore, and gross non-performing assets decreased to 1.44%. The bank also grew its advances by 9.6% and deposits by 4.6% year-on-year.