| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.5K | 4.0% | 10.4% |
| Total Income | 1.7K | 2.7% | 9.6% |
| Expenditure | 1.2K | 2.4% | 7.6% |
| PBT | 466.74 | 7.9% | 15.4% |
| Net Profit | 341.50 | 7.6% | 13.7% |
| OPM | 31.87% | 0.14pp | |
| NPM | 20.51% | 0.93pp | 0.76pp |
| EPS | 21.57 | 7.6% | 13.8% |
Tamilnad Mercantile Bank Q3 FY26 Performance: 14.28% YoY Growth in Total Business, 12.53% YoY Growth in Deposits, 16.30% YoY Growth in Advances
05 Feb 2026 · 5 Feb, 2:22 am
Summary
Tamilnad Mercantile Bank Ltd, one of the renowned Old Private Sector Banks, has reported a 14.28% YoY growth in total business, 12.53% YoY growth in deposits, and 16.30% YoY growth in advances for Q3 FY26. The bank's CASA has also increased by 14.94% YoY. The bank's net profit has surged by 14% and net NPA has decreased by 21 bps. The bank opened 12 new branches during the quarter.
Key Highlights
- 1
Total Business grew by 14.28% YoY basis, Total business has increased to ₹1,07,470 crores (PY ₹94,042 crores)
- 2
Deposits grew by 12.53% on YoY basis, deposits has increased to ₹56,707 crores (PY ₹50,392 crores)
- 3
The Bank’s CASA has increased to ₹15,847 crores (PY ₹13,788 crores) with a growth rate of 14.94% on YoY basis
- 4
The advance level of the Bank has increased to ₹50,763 crores with a growth rate of 16.30% on YoY basis
- 5
Net profit has surged to ₹342 crore from ₹300 crore, up by 14%
- 6
Net NPA has decreased to 0.20% from 0.41%, improved by 21 bps
- 7
Gross NPA has decreased to 0.91% from 1.32%, improved by 41 bps
- 8
The CRAR % has increased to 30.08% from 29.35%, improved by 73 bps
- 9
Book value of share has increased to 617.22 from ₹550.38
- 10
The Net Interest Income is at ₹646.14 Crores for the quarter Q3FY26 as against ₹570.39 Crore for Q3FY25 registering a growth rate of 13.28%
- 11
The bank opened 12 New Branches during Q3FY26
Management Comments
Shri. Salee S Nair
Our Q3 FY26 performance reinforces the progress we are making in a year focused on building long term capability 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. MSME lending remains a core growth driver for us. Developments around the US India trade engagement are constructive for export oriented 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. Our ongoing technology transformation is beginning to translate into operational benefits. The integration of advanced digital lending platforms and enterprise systems, including Oracle based solutions, is improving turnaround times, risk assessment and productivity, while enhancing the customer experience.
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