Tamilnad Mercantile Bank Ltd

Tamilnad Mercantile Bank Reports Strong FY26 Growth 📈

• Total business grew 17.37% YoY to ₹1,15,091 crore

• Deposits increased 14.94% YoY to ₹61,712 crore

• Advances rose 20.32% YoY to ₹53,379 crore

• Net profit surged 13.10% YoY to ₹1,337.55 crore

• Gross NPA improved by 52 basis points to 0.73%

• Net NPA improved by 18 basis points to 0.18%

• CASA deposits grew 22.35% YoY to ₹17,365 crore

• CRAR increased to 33.73% from 32.71%

• Bank opened 44 new branches during FY26

• Board recommended final dividend of ₹12.50 per equity share

• MSME segment showed resilience with stable credit demand

• Implemented new tech initiatives including Oracle CX and AI-enabled call center