It is a broadly described annual report of Tamilnad Mercantile Bank Limited in the year of 2009-2010. During the financial year, The Bank’s Total Business Increased from Rs. 16137 Crore to Rs. 19927 Crore registering a growth of 23.49%. The deposits of the Bank increased from Rs. 9566 Crore to Rs. 11639 Crore (+21.67%) during the year. The Net profit grew from Rs. 150.21 Crore to Rs. 184.53 Crore (+22.85%). The total income increased by Rs. 178 Crore during the year from Rs. 1113 Crore in the previous year to Rs. 1291 Crore during the year representing 15.99%growth.
The Board of Directors of the Bank has recommended a dividend of @7500% and appropriate an amount of Rs. 24.88 Crore (including tax of Rs. 3.55 Crore) towards dividend to the shareholders for their approval.
More Annual Report of Tamilnad Mercantile Bank Limited:
- Annual Report 2009-2010 of Tamilnad Mercantile Bank Limited
- Annual Report 2010-2011 of Tamilnad Mercantile Bank Limited
- Annual Report 2011-2012 of Tamilnad Mercantile Bank Limited
- Annual Report 2012-2013 of Tamilnad Mercantile Bank Limited
- Annual Report 2013-2014 of Tamilnad Mercantile Bank Limited
- Annual Report 2014-2015 of Tamilnad Mercantile Bank Limited
