Quarterly Result27 Oct 2025, 10:17 pm
Tamilnad Mercantile Bank Ltd Achieves Highest Ever Quarterly Net Profit in Q2FY26
AI Summary
Tamilnad Mercantile Bank Ltd (TMB), one of the renowned Old Private Sector Banks, has reported the highest ever quarterly net profit in Q2FY26, driven by continued growth in core lending and deposit businesses. The Bank has also opened 9 new branches, entered into strategic partnerships for digital transformation and operational efficiency, and posted strong performance in all fundamental parameters.
Key Highlights
- Highest ever quarterly net profit in Q2FY26
- Total business grew by 11.40% (highest year on year growth since listing)
- Deposits grew by 12.32% on YoY basis, deposits increased to 55421 crores
- Advances increased to 46930 crores with a growth rate of 10.34% on YOY basis
- Lowest GNPA in the last 10 years @1.01%