Tamilnad Mercantile Bank Ltd

Tamilnad Mercantile Bank Ltd has reported provisional business figures for the quarter ended September 30, 2026. Total business grew by 27.27% year-on-year to ₹1,30,261 Crore, compared to ₹1,02,351 Crore in the same period last year. Total advances increased by 29.37% to ₹60,715 Crore from ₹46,930 Crore. Total deposits saw a 25.49% rise to ₹69,546 Crore from ₹55,421 Crore. CASA deposits grew by 16.26% to ₹17,629 Crore. These figures are subject to a limited review by the bank's statutory central auditors.

Tamilnad Mercantile Bank Limited has announced the opening of two new branches as part of its expansion strategy. The new branches are located in Chinnampalayam and Vellalore, both in the Coimbatore District of Tamil Nadu. The opening date for both branches is set for September 30, 2026. This move is expected to enhance the bank's reach and serviceability in the region, catering to a wider customer base and supporting local economic growth.

Tamilnad Mercantile Bank Limited has announced the closure of its trading window for designated persons and their relatives, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from October 1, 2026, until 48 hours after the declaration of the bank's unaudited financial results for the quarter and half-year ending September 30, 2026. The specific date for the board meeting to approve these results will be communicated later. This measure is standard practice to prevent potential insider trading before the public release of financial information.

Tamilnad Mercantile Bank Limited has announced the opening of a new branch located at D.No:6/69, Sannathi Street (Theradi), Thiruvottiyur, Thiruvallur District, Tamilnadu. The new branch is scheduled to commence operations on August 27, 2026. This expansion is in line with the bank's strategy to increase its physical presence and serve a wider customer base. The opening is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tamilnad Mercantile Bank Ltd (TMB) announced its unaudited financial results for the quarter ended June 30, 2026. The bank reported a significant 34.97% year-on-year increase in net profit, reaching ₹411.51 crore compared to ₹304.89 crore in the same period last year. Total business grew by 23.04% YoY to ₹1,21,715 crore. Deposits increased by 19.71% YoY to ₹64,409 crore, while advances grew by 27.01% YoY to ₹57,306 crore. The bank also saw improvements in asset quality, with Net NPA improving to 0.17% and Gross NPA to 0.69%. The MD & CEO expressed confidence in continued sustainable growth, driven by a strong balance sheet, diversified portfolio, and focus on deepening customer relationships and digital capabilities.

Tamilnad Mercantile Bank Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and approved by the Board of Directors. The filing includes the Limited Review Report from the Joint Statutory Central Auditors. The Board meeting to approve these results commenced at 12 noon and concluded at 01:30 P.M. on July 27, 2026.

Tamilnad Mercantile Bank's Q1 FY27 standalone net profit rose 34.97% YoY to ₹411.51 Cr (₹304.89 Cr a year ago; ₹373.65 Cr in Q4, +10.1% QoQ) — its highest-ever quarterly profit. Interest earned climbed 19.9% YoY to ₹1,662.43 Cr and total income reached ₹1,900.79 Cr, with EPS of ₹25.99. There are no exceptional or extraordinary items on either side, so the growth is fully underlying — no raw-vs-adjusted gap to bridge. The profit engine was operating leverage plus margin. Operating profit jumped 48.2% YoY to ₹611.07 Cr as net interest income widened and costs were held — operating expenses actually dipped YoY to ₹392.37 Cr, keeping the cost-to-income ratio near 39%. Net Profit Margin expanded to 21.65% (from 18.85% YoY and 20.85% QoQ) and Operating Margin to 32.15% (from 25.49%). Strikingly, the bank absorbed a sharp rise in provisions — to ₹53.93 Cr from just ₹8.34 Cr a year earlier — and still grew PAT 35%, even as asset quality improved: Gross NPA fell to 0.69% (from 1.22%), Net NPA to 0.17%, and PCR reached 96.04% with technical write-off. A ₹27.24 Cr PSLC sale supported other income. The print beats management's own FY27 guidance on every axis laid out on the Q4 concall: ROA of 2.14% (guided 1.9–2.0%), advances +27% YoY (defending the ~20% target), deposits +19.7% (vs ~16% guided) and cost-to-income below the sub-50% ceiling — confirming the confident, very-optimistic tone from that call. No formal Street PAT consensus is published for a bank this size, but the July-1 business update (advances +27%, deposits +19.7%) had already pre-signalled a strong quarter. Alongside the numbers, the SAFEMA Appellate Tribunal's July 9 order cut the Directorate of Enforcement FEMA penalty from ₹16.99 Cr to ₹3.40 Cr — currently fully provided, with any financial impact to be taken in ensuing quarters. The bank also discontinued its Investment Fluctuation Reserve, moving ₹129.6 Cr to General Reserve, and remains heavily capitalised at CAR 32.33%. The one line to watch is provisions: the jump to ₹53.93 Cr came despite falling NPAs, so the credit-cost trajectory bears monitoring against the still-benign 0.69% gross NPA. Management offered no fresh forward statement in this filing beyond the reduced-penalty note.

Tamilnad Mercantile Bank Limited has announced a change in its official email domain, transitioning from '@tmbank.in' to '@tmb.bank.in'. This change is in compliance with RBI guidelines. The bank has stated that the old email domain will remain active for 30 days to ensure continuity in communication and to receive emails sent to the previous address. This rebranding of the email domain aims to align with current regulatory standards and potentially enhance the bank's digital identity.

Tamilnad Mercantile Bank Limited announced that the Appellate Tribunal under SAFEMA, New Delhi has passed an order reducing the penalty imposed on the bank and its then directors/company secretaries. The original penalty of ₹17.00 crores on the bank has been reduced to ₹3.40 crores. The bank had already deposited the full penalty amount of ₹17.00 crores and is now eligible for a refund of ₹13.60 crores. The contravention alleged was related to FEMA regulations in recording share transfers. The bank is reviewing the order for further necessary steps.

Tamilnad Mercantile Bank Limited has received an order from the Appellate Tribunal under SAFEMA, New Delhi, dismissing an appeal filed by the Directorate of Enforcement. The appeal, dated January 27, 2021, sought the confiscation of 46,862 shares transferred to foreign investors or a remand for de-novo adjudication, stemming from a Show Cause notice issued in December 2014. The Tribunal's order, dated July 9, 2026, dismissed the appeal. The bank stated that this outcome will not have a material impact on its financial statements.