Quarterly Result26 Oct 2026, 08:10 pm
Tamilnad Mercantile Bank Q2 FY27 Net Profit Surges 42% to ₹451 Crore
AI Summary
Tamilnad Mercantile Bank Ltd. announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The bank reported a significant 42.09% year-on-year increase in net profit, reaching ₹451 Crore from ₹318 Crore in the same period last year. Total business grew by 27.25% YoY to ₹1,30,237 Crore. Deposits increased by 25.49% to ₹69,546 Crore, while advances grew by 29.32% to ₹60,691 Crore. The bank also achieved its lowest Gross NPA in a decade at 0.61% and improved its Net NPA to 0.14%. The Net Interest Income saw a robust growth of 35.17% to ₹807 Crore. The bank opened 3 new branches during the quarter, expanding its network to 631 branches.
Key Highlights
- Net profit surged 42.09% YoY to ₹451 Crore.
- Total business grew 27.25% YoY to ₹1,30,237 Crore.
- Advances grew 29.32% YoY to ₹60,691 Crore.
- Lowest Gross NPA in 10 years at 0.61%.
- Net Interest Income grew 35.17% YoY to ₹807 Crore.
Price Impact
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