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Results▲ Bullish for Tamilnad Mercantile Bank
Tamilnad Mercantile Bank Q2 Update: Total business tops ₹1.30 lakh crore, advances jump 29%
The brief
- Tamilnad Mercantile Bank’s total business grew 27.3% year-on-year to ₹1.30 lakh crore
- Advances jumped 29%
- Strong loan growth supports Tamilnad Mercantile Bank’s earnings outlook
- China unveils rate cut, mortgage subsidies to spur growth
- Jefferies sees HDFC Bank rerating potential tied to CEO succession and execution
- HDFC Bank CEO's to-do list in coming weeks: Growth, Casa, investor trust
- Corporate debt maturities set to test US borrowers as rates rise
- Bank deposits, credit shrink in fortnight to September 15