Summary

Tamilnad Mercantile Bank Ltd (TMB), one of the renowned Old Private Sector Banks, has reported its highest ever quarterly net profit in Q1FY26. The bank's performance highlights include a 6.27% increase in net profit, a decrease in gross and net NPAs, an increase in PCR, a reduction in total SMA to gross advances, and an increase in CRAR%. The bank's total deposits, total advances, and total business have also increased.

Key Highlights

1. 1

   Net profit has surged to 305 crore from 287 crore, up by 6.27%.

2. 2

   Gross NPA has decreased to 1.22% from 1.44%, improved by 22 bps.

3. 3

   Net NPA has decreased to 0.33% from 0.65%, improved by 32 bps.

4. 4

   PCR has increased to 94.32% from 90.27%.

5. 5

   Total SMA to Gross Advances has reduced to 3.05% from 4.98%, came down by 193 bps.

6. 6

   The CRAR % has increased to 31.55% from 29.21%, improved by 234 bps.

7. 7

   The Bank’s deposits has increased to 53,803 crores (PY 49,188 crores).

8. 8

   The advance level of the Bank has increased to $45,120 crores with a growth rate of 10.44% on YOY basis.