Tamilnad Mercantile Bank (TMB) has posted its highest-ever quarterly net profit of Rs 318 crore for Q2 FY26, up 4.95 per cent year-on-year, driven by robust growth in deposits and advances. The bank’s total business rose 11.4 per cent YoY to Rs 1.02 lakh crore, while deposits grew 12.3 per cent to Rs 55,421 crore and advances increased 10.3 per cent to Rs 46,930 crore.
Maintaining strong asset quality, TMB reported its lowest gross NPA in a decade at 1.01 per cent and net NPA at 0.26 per cent. The bank’s capital adequacy ratio improved to 30.96 per cent, and its net worth reached Rs 9,444 crore.
During the quarter, TMB opened nine new branches, including its milestone 600th branch in Vizhinjam, Kerala, and rolled out several digital initiatives such as UPI on RuPay Credit Cards, AI-enabled call centres, and new insurance and mutual fund distribution tie-ups.
Salee S. Nair, MD & CEO, Tamilnad Mercantile Bank, said the bank’s focus on digital transformation, responsible lending, and operational efficiency will drive sustainable and profitable growth ahead.
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