Summary

Tamilnad Mercantile Bank Ltd, a 104-year-old private sector bank, has reported the highest ever quarterly net profit in Q2FY26. The bank's total business grew by 11.40% YoY, total deposits by 12.32%, and advances by 10.34%. The bank's CASA stands at 15163 crores, and the GNPA is at a low of 1.01%. The bank opened 9 new branches and announced several strategic partnerships for digital transformation and operational efficiency.

Key Highlights

1. 1

   Total Business grew by 11.40%

2. 2

   Deposits grew by 12.32% on YoY basis

3. 3

   Advances increased to 46930 crores with a growth rate of 10.34% on YOY basis

4. 4

   Lowest GNPA in the last 10 years @1.01%

5. 5

   Net profit surged to $318 crore from $303 crore, up by 4.95%

6. 6

   Net NPA decreased to 0.26% from 0.46%, improved by 20 bps

7. 7

   CRAR % increased to 30.96% from 29.59%, improved by 137 bps

8. 8

   Book value of share increased to $596.38 from $532.37

9. 9

   The bank opened 9 New Branches during Q2FY26

10. 10

    Introduction of TMB Rewards program for RuPay Debit Card variants

11. 11

    Launch of Oracle Fusion CX Platform for Customer Relationship Management (CRM)

12. 12

    Introduction of UPI facility on RuPay Credit Cards

13. 13

    Launch of fund transfer facility through the Business Process Management (BPM) Application