Latest news with #TMB
BBC News
25-05-2025
- Business
- BBC News
Guernsey visitor numbers increase in latest data
The number of visitors to Guernsey increased in the first quarter of 2025 compared to the same period last from The Tourism Management Board (TMB) showed a total of 21,928 visitors came to the island, a 6% a survey by the Guernsey Hospitality Association (GHA) found 70% of respondents reported a drop in room occupancy in April compared to the same month last Beacom, chair of the TMB, said: "There is much to be optimistic about." 'Positive direction' She said: "It shows there is a lot that is moving in a positive direction, and we are confident that 2025 will be a profitable year for the industry." The TMB figures showed a 6% increase in the overall day trip market, and a 38% rise in business breakdown revealed 73% of visitors were from the UK, 14% from Jersey, 3% from France and 9% from elsewhere. Compared with the first quarter of 2024, the number of visitors from France more than doubled and there was a 9% increase in visitors from the UK, a 7% decrease in visitors from Jersey and a 15% decrease in visitors from elsewhere. 'Most valuable' The GHA said it surveyed its members to gauge occupancy levels from April to found 46% of respondents believed their occupancy levels would be lower than in 2024, 32% forecast they would be about the same, and 22% expected an increase.A statement from GHA said: "We appreciate that the staying visitor market isn't the total sum of the island's tourism business, and it's positive to see an increase in visitors from France, especially day-trippers, which definitely helps create a positive vibe in and around St Peter Port. "But it's the staying visitors that are the most valuable to our industry and the island's economy."
Yahoo
30-04-2025
- Health
- Yahoo
‘Botox party' bill step closer to becoming Texas law
AUSTIN (KXAN) — The Texas House Licensing & Administrative Procedures Committee heard Senate Bill 378 late Tuesday night. The proposed legislation pushes for patient safety and transparency on who can administer Botox injections and similar treatments. The bill authored by State Sen. Charles Schwertner, R-Georgetown, was left pending in committee. It would prohibit estheticians, cosmetologists and barbers from administering injections and using prescriptive medical devices unless they are legally licensed and authorized to perform the acts. RELATED: 'The Botox party bill' moving forward in legislature The bill analysis states that, by law, estheticians and cosmetologist can only perform injections, including Botox, under the authority of a physician. Schwertner has told KXAN investigators previously that there have been increased reports of 'Botox parties' which include unauthorized and unsafe injections to friends and family without proper supervision. The legislation would give the Texas Department of Licensing and Regulation authority to take disciplinary action against those administering unauthorized injections. RELATED: Texas pushes to tighten rules for Botox, similar treatments According to the bill analysis, while the Texas Medical Board or TMB has disciplinary authority over physicians who are supposed to be authorizing the injections, current statute is 'silent' on both TMB and TDLR's authority to pursue the licensed esthetician or cosmetologist who are in violation. 'This bill ensures that only qualified medical professionals are providing these treatments. This can help prevent potential harm and adverse effects that can occur from unlicensed and unauthorized administration of injections,' said the bill analysis. The House committee received nearly 50 written comments with most opposing the legislation, including several from estheticians and injectors concerned about their small businesses being impacted. 'Please think of ME, a licensed esthetician who has 600 active injectable clients who trust me and only me with their face because I have immense knowledge and have sacrificed 5 years to this business,' said Morgan Mills, an esthetician and medical spa owner. Dacia Cahanin-Salinas, an aesthetic injector, wrote 'Senate Bill 378 doesn't protect public safety — it limits it,' adding that 'even licensed professionals — including physicians — must seek additional, non-traditional training to practice aesthetic injections safely.' She explained Texas should create a standardized, state-accredited training program with a required exam. 'Anyone — licensed or not — would be required to complete this training, prove their knowledge, and demonstrate safe technique before being allowed to inject,' Cahanin-Salinas wrote. 'When it comes to protecting Texans, competency matters more than credentials. Let's raise the standards — not build walls.' KXAN INVESTIGATION: Backroom Botox a 'wild west' in Texas The legislation was filed after a KXAN investigation uncovered that anyone in Texas can become certified to do injections, including Botox. In May, KXAN's 'Backroom Botox' investigation highlighted the need for patient safety after a Botox treatment led to a medical emergency in the backroom of a local boutique in Dublin, a city north of Austin. The Texas Senate passed Schwertner's bill in March. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Standard
24-04-2025
- Business
- Business Standard
Tamilnad Mercantile Bank spurts after good Q4 outcome
Tamilnad Mercantile Bank surged 5.70% to Rs 466 after the banks' net profit rose 15.35% to Rs 291.90 crore on 8.78% increase in total income to Rs 1,542.06 crore in Q4 March 2025 over Q4 March 2024. Profit before tax rose 12.76% year-on-year to Rs 386.78 crore in Q4 March 2025. The operating profit for Q4 FY25 was Rs 403.98 crore as against Rs 366.55 crore for Q4 FY24, up 10.21% YoY. The bank earned net interest income of Rs 567.92 crore for Q4 FY25 as against Rs 567.04 crore for Q4 FY24. In Q4 FY25, Net Interest Margin (NIM) was at 3.87% lower than 4.14% in Q4 FY24. The bank's provisions and contingencies (excluding tax provisions) fell 26.85% to Rs 17.22 crore in Q4 FY25 over Q4 FY24. The Provision Coverage Ratio (PCR) as on 31 March 2025 is 71.02%. (Previous Year 41.33%) without technical write-off and 93.86% (Previous Year 87.52%) with technical write-off. The bank continues to hold COVID-19 related provision of Rs 250 crore (over and above regulatory provisions) as on 31 March 2025. On a standalone basis, the bank's net profit rose 10.32% to Rs 1182.61 crore on 11.81% increase in total income to Rs 6141.75 crore in the year ended March 2025 over the year ended March 2024. The bank's gross non-performing assets (NPAs) stood at Rs 556.13 crore as on 31 March 2025 as against Rs 576.38 crore as on 31 December 2024 and Rs 575.06 crore as on 31 March 2024. The ratio of gross NPAs to gross advances stood at 1.25% as on 31 March 2025 as against 1.32% as on 31 December 2024 and 1.44% as on 31 March 2024. The ratio of net NPAs to net advances stood at 0.36% as on 31 March 2025 as against 0.41% as on 31 December 2024 and 0.85% as on 31 March 2024. The banks deposits increased to Rs 53,689 crore as on March 2025 as against Rs 49,515 crore in March 2024. The advance level of the bank increased to Rs 44,366 crore with a growth rate of 11% on YoY basis. Tamilnad Mercantile Bank (TMB) one of the renowned old private sector banks, having its headquarters in Thoothukudi (Tamil Nadu). The bank has opened 26 new branches during the year FY 24-25.
Business Upturn
24-04-2025
- Business
- Business Upturn
Tamilnad Mercantile Bank share price jumps 8% as Q4 net profit rises 15% YoY to Rs 291.9 crore
By Aman Shukla Published on April 24, 2025, 10:38 IST Tamilnad Mercantile Bank (TMB) shares surged 8% after the lender posted a strong set of numbers for the quarter and financial year ended March 31, 2025. As of 10:37 AM, the shares were trading 8.30% higher at Rs 477.50. The bank reported a 15% year-on-year rise in net profit to Rs 291.9 crore for Q4 FY25, compared to Rs 253.1 crore in the same quarter last year. Total income during the quarter also increased to Rs 1,542 crore from Rs 1,417.6 crore in Q4 FY24. Despite net interest income remaining largely unchanged at Rs 567.91 crore, the bank's interest earned climbed to Rs 1,341.7 crore, supported by robust advances and higher investment returns. Other income rose to Rs 200.4 crore. Operating profit stood at Rs 404 crore, nearly flat compared to the previous quarter, while profit before tax was Rs 386.8 crore with tax expenses at Rs 94.88 crore. For the full fiscal year FY25, Tamilnad Mercantile Bank recorded a net profit of Rs 1,182.6 crore, up from Rs 1,070.3 crore in FY24. The bank's total income for the year reached Rs 6,141.75 crore, reflecting healthy growth from Rs 5,492.85 crore in the previous year. With total expenditure at Rs 4,396 crore, TMB's operating profit for the year stood at a solid Rs 1,745.7 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
23-04-2025
- Business
- Business Standard
Tamilnad Mercantile Bank Q4 results: Net profit up by 15% to ₹292 crore
Thoothukudi-headquartered Tamilnad Mercantile Bank (TMB) has posted a 15 per cent rise in net profit during the fourth quarter of 2024–25 to Rs 291.9 crore, up from Rs 253.06 crore in 2023–24. During the financial year 2025, it was seen up 10.35 per cent to Rs 1,183 crore from Rs 1,072 crore in FY24, driven by continued growth in our core lending and deposit businesses. "We remain committed to our strategic priorities of expanding our reach and enhancing customer experience. In this year, we have opened 26 new branches across key markets, further strengthening our distribution network," said Salee S Nair, managing director and chief executive officer, Tamilnad Mercantile Bank. "We have also entered into several strategic partnerships for a digital transformation of the bank and increasing operational efficiency to enhance customer growth. We believe that these strategic initiatives, coupled with our focus on responsible lending and cautious risk management practices, will pave the way for sustainable and profitable growth in the years to come," he added. During the year under review, its operating profit improved to Rs 1,746 crore from Rs 1,482 crore, registering a growth of 17.81 per cent. Interest income improved to Rs 5,291 crore from Rs 4,848 crore, Y-o-Y growth of 9.14 per cent. Total income increased to Rs 6,142 crore from Rs 5,493 crore, Y-o-Y growth of 11.82 per cent. Total business increased to Rs 98,055 crore from Rs 89,485 crore, posting a Y-o-Y growth of 9.58 per cent. The RAM segment increased to 93 per cent from 91 per cent, up 200 basis points Y-o-Y. Gross NPA decreased to 1.25 per cent from 1.44 per cent, improved by 19 basis points. Net NPA decreased to 0.36 per cent from 0.85 per cent, improved by 49 basis points. The bank's deposits increased to Rs 53,689 crore, up from Rs 49,515 crore last fiscal. The advance level of the bank increased to Rs 44,366 crore with a growth rate of 11 per cent on a Y-o-Y basis. Non-interest income improved to Rs 851 crore from Rs 645 crore, an increase of 31.94 per cent. Net interest income too improved to Rs 2,301 crore from Rs 2,151 crore, an increase of 6.97 per cent. The bank's net worth increased to Rs 9,009 crore (previous year Rs 7,921 crore) with an absolute rise of Rs 1,088 crore, registering a growth rate of 13.74 per cent. The board of directors of the bank has recommended the payment of a final dividend of Rs 11 per equity share of the face value of Rs 10 each (110 per cent) for the financial year 2024–25, subject to the approval of the shareholders at the ensuing AGM of the bank.
