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Tamilnad Mercantile Bank seeks RBI nod for share transfers, gets board backing for expansion

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Summary

TMB reported a record quarterly net profit of ₹451.14 crore and raised its growth guidance for FY27 while actively seeking RBI approval to regularize past share transfers amid pending Enforcement Directorate proceedings.

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    Tamilnad Mercantile Bank seeks RBI nod for share transfers, gets board backing for expansion

    TMB reported a record quarterly net profit of ₹451.14 crore and raised its growth guidance for FY27 while actively seeking RBI approval to regularize past share transfers amid pending Enforcement Directorate proceedings.