Lowest GNPA in the last 10 years at 0.61%
The Board of Directors of Tamilnad Mercantile Bank Ltd has approved the Unaudited Financial Results of the Quarter Ended / Half Year Ended September 30,2026 in their meeting held at Thoothukudi on 26.10.2026. Shri. Salee S Nair, Managing Director and CEO of the Bank declared the results. The Chief Financial Officer, Executive Vice Presidents and other senior officials of the Bank were also present in the event.
Bank’s Performance Highlights for Q2 FY2027 (YoY)
Total Business grew by 27.25%, highest year on year growth since listing of the bank.
Deposits grew by 25.49 % on YoY basis, deposits has increased to Rs69546 Crore (PY Rs55421 Crore)
The Bank’s CASA has increased to Rs17629 Crore (PY Rs15163 Crore)
The advance level of the Bank has increased to Rs60691 Crore with a growth rate of 29.32% on YOY basis.
Lowest GNPA in the last 10 years at 0.61%
Net profit has surged to Rs451 crore from Rs318 crore, up by 42.09%.
Net NPA has decreased to 0.14% from 0.26%, improved by 12 bps.
PCR (without technical write-off) has improved to 77.49% from 74.36%
Total SMA to Gross Advances has reduced to 1.67% from 2.67%, improved€ by 100 bps.
The CRAR % has increased to 32.39% from 30.96 %, improved by 143 bps.
Book value of share has increased to Rs680.09 from Rs596.38
The Net Interest Income is at Rs807 Crore for the quarter Q2FY27 as against Rs597 Crore for Q2FY26 registering a growth rate of 35.17%.
The Bank’s Networth has increased to Rs10,769 Crore (PY Rs9,444 Crore) with an absolute rise of Rs1,325 Crore registering a growth rate of 14.03%.
The RAM segment has increased to 28.96% in Q2FY27 as against Q2FY26.
The Bank opened 3 New Branches during Q2FY27.
Shri. Salee S Nair, MD & CEO, Tamilnad Mercantile Bank Ltd said, “Our performance in Q2 FY2027 reflects the strength of our core banking business, with retail banking continuing to be a key contributor and business gaining momentum overall. As we enter the festive season, we see opportunities to support increased business activity across the markets we serve, particularly among traders and MSMEs preparing for higher inventory requirements and working capital needs. With our deep understanding of local businesses and customer relationships built over decades, we are well positioned to support these evolving credit requirements while continuing to serve the financial needs of households.
Going forward, our focus will be on building this business momentum, expanding our reach and ensuring that growth is supported by sound underwriting and a sustained commitment to customer service.”
The Bank continues to post strong performance in all fundamental parameters.
