It is a broadly described annual report of Tamilnad Mercantile Bank Limited in the year of 2013-2014. During the financial year, The Bank’s total business increased from Rs. 36479.80 Crore to Rs. 39789.53 Crore, registering a growth of 9.07%. The deposits of the Bank increased from Rs. 20223.81 Crore to Rs. 22645.68 Crore (+11.98%) during the year. The Net profit decreased from Rs. 440.28 Crore to Rs. 300.77 Crore (-31.69%). The total income increased by Rs. 203.70 Crore during the year from Rs. 2719.09 Crore in the previous year to Rs. 2922.79 Crore during the year representing 7.49% growth.
The Board of Directors of the Bank has recommended a dividend of @16000% (including the interim dividend of 9000%, the second intern dividend of 7000% and Nil Final Dividend) and appropriates an amount of Rs. 53.24 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
