The total business of Tamilnad Mercantile Bank (TMB) has grown by 14.28% on Year on Year (YoY) basis, with the business increasing to ₹1,07,470 crore from ₹94,042 crore in previous year. The bank has also reported that the net profit has surged to ₹342 crore from ₹300 crore.
The bank has been operating across India with 614 branches as on last January 31 and 12 regional offices across 17 states and four union territories, serving more than 5.3 million customers.
On a YoY basis, the deposits at the bank grew by 12.53%. The bank’s CASA has increased to ₹15,847 crore with a growth rate of 14.94%.
In addition, the operating profit has surged to ₹468 crore from ₹408 crore. Net Non Performing Assets (NPA) has decreased to 0.20% from 0.41%, improved by 21 bps. Meanwhile gross NPA has decreased to 0.91% from 1.32%, improved by 41 bps.
The bank’s net worth has increased to ₹9,774 crore with an absolute rise of ₹1,059 crore registering growth rate of 12.15%.
Speaking on the results Salee S Nair, MD&CEO, TMB, said that the Q3 of the financial year 2026 performances reinforces the progress that were made in a year focused on building long term capacity and scalable growth. “The bank delivered healthy growth in advances and deposits, with resilience in profitability and continued strength in asset quality, reflecting disciplined execution across the organisation,” he added.
He noted that the bank has witnessed improving momentum in MSMEs, particularly in sectors such as textiles, engineering, and electronics, where Tamil Nadu has a strong presence.
“We are seeing early signs of improved demand for working capital, trade, finance and forex solutions from these enterprises,”Mr. Nair said.
Published – February 05, 2026 08:17 pm IST
