It is a broadly described annual report of Tamilnad Mercantile Bank Limited in the year of 2012-2013. During the financial year, The Bank’s total business increased from Rs. 30889.30 Crore to Rs. 36479.80 Crore registering a growth of 18.10%. The deposits of the Bank increased from Rs. 17110.44 Crore to Rs. 20223.81 Crore (+ 18.20%) during the year. The Net profit grew from Rs. 313.46 Crore to Rs. 440.28 Crore (+40.46%). The total income increased by Rs. 605.04 Crore during the year from Rs. 2114.05 Crore in the previous year to Rs. 2719.09 Crore during the year representing 28.62% growth. Earnings per share rose to Rs. 15478 from Rs. 11020.
The Board of Directors of the Bank has recommended a dividend of @16000% (including the interim dividend of 9000% and the second intern dividend of 4500%) and appropriates an amount of Rs. 53.05 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
