TAMILNAD MERCA BANK (TMB)
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Tamilnad Mercantile Bank Q2 business tops ₹1.30 lakh crore
Tamilnad Mercantile Bank reported strong growth in its total business in the second quarter, with deposits and advances both recording healthy year-on-year growth. Total business rose 27.3% year-on-year and 7% sequentially to ₹1.30 lakh crore, compared with ₹1.02 lakh crore a year ago. Total deposits increased 25.5% year-on-year and 8% quarter-on-quarter to ₹69,546 crore, from ₹55,421 crore in the year-ago period.
Tamilnad Mercantile Bank Q1 profits surge 35%
Tamilnad Mercantile Bank saw a robust increase in its first quarter profit by 35% to Rs 412 crore, driven by strong core business growth.
Tamilnad Mercantile Bank targets 20-22% credit growth in FY27
Tamilnad Mercantile Bank expects 20-22% credit growth despite gold segment slowdown - Edited byalphadesk - Published OnOct 27, 2026 | 14:20 IST - Last Updated OnOct 27, 2026 | 14:20 IST Tamilnad Mercantile Bank MD & CEO Salee S Nair expects advances to grow 20–22% in 2026-27 (FY27) despite a slowdown in gold loans, while targeting over 4.10% net interest margin (NIM) and maintaining asset quality.
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