TMB Bank, the only unlisted bank available in market, has come up with an excellent 3QFY21 results. Tamilnad Mercantile Bank (TMB) has reported a 96 per cent growth profit of Rs 180.81 crore during the quarter ended December 2020 from Rs 92.42 crore, a year ago. Financials Highlights of Q3FY21 1. TMB bank had total loan book of 65000 Crores as on 31.03.2020, which has increased to 68000 Crores as on 31.12.2020. The management is hoping to touch this to 72000 Crores by the end of this fiscal. 2. NII(Net-Interest Income) of the TMB bank has touched Rs 428.73 crore in Q3FY21 as compared to Rs 338.72 crore in 3QFY20. 3. Gross-NPA has reduced from 5.16% to 3.24% this quarter and Net-NPA of the bank has reduced from 2.3% last year to 0.92% in this quarter. Excellent reduction of the NPAs. 4. PAT has increased to Rs 180 crore during the quarter ended December 2020 from Rs 92.42 crore, a year ago. K V Rama Moorthy, managing director, CEO, TMB attributed the growth to high net interest income (NII), lower provision and increase in operating profit. Moreover, he has said that TMB is giving continued thrust on advances to priority sectors like agriculture, micro, small and medium enterprises and housing, constituting 76.57 per cent of its adjusted net bank credit above the regulatory requirement of 40 per cent. UnlistedZone View: TMB bank has shown very good financial numbers in the Q3FY21 with excellent reduction in NPAs. Book value of the TMB as on 31.03.2020 stands at 284 per share. Currently, in the unlisted market the share is available at 500 per share. This valued the company at 1.7x of P/B, which is reasonable as compared to banks in the listed market.