It is a broadly described annual report of Tamilnad Mercantile Bank Limited in the year of 2011-2012. During the financial year, The Bank’s total business increased from Rs. 24,552 Crore to Rs. 30,889 Crore registering a growth of 25.81%. The deposits of the Bank increased from Rs. 13,793 Crore to Rs. 17,110 Crore (+24.05%) during the year. The Net profit grew from Rs. 250.90 Crore to Rs. 313.46 Crore (+24.93 %). The total income increased by Rs. 555 Crore during the year from Rs. 1,559 Crore in the previous year to Rs. 2,114 Crore during the year representing 35.60% growth. Earnings per share rose to Rs. 11,020 from Rs. 8,820.
The Board of Directors of the Bank has recommended a dividend of @13500% (including the interim dividend of 9000%) and appropriate an amount of Rs. 44.63 Crore (including tax) 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
