Tamilnad Mercantile Bank Surpasses ₹1.15 Lakh Crore Total Business in FY26

Tamilnad Mercantile Bank (TMB) Limited has announced its provisional business results for the financial year ending March 31, 2026, reporting a year of robust double-digit growth across all key segments. The bank's Total Business surged to ₹1,15,092 crore, marking a 17.37% increase compared to the previous fiscal year.

A standout highlight of the year was the bank's lending performance. Total Advances grew by an impressive 20.32% Year-on-Year (Y-o-Y), reaching ₹53,380 crore. This growth was also steady on a sequential basis, rising 5.16% from the quarter ended December 2025.

On the deposits front, TMB recorded a healthy Y-o-Y increase of 14.94%, with Total Deposits climbing to ₹61,712 crore. Most notably, the bank's CASA (Current Account Savings Account) deposits saw a sharp rise of 22.35%, ending the fiscal year at ₹17,365 crore. This significant growth in low-cost deposits reflects the bank's strengthening retail footprint and customer engagement.

The bank noted that these figures are provisional and subject to a final audit by Statutory Central Auditors. However, the current trajectory positions TMB as a high-growth player in the banking sector heading into the new financial year.

Shares of Tamilnad Mercantile Bank Limited was last trading in BSE at Rs. 606.25 as compared to the previous close of Rs. 580.30. The total number of shares traded during the day was 8188 in over 961 trades.

The stock hit an intraday high of Rs. 614.30 and intraday low of 600.45. The net turnover during the day was Rs. 4974287.00.

Source : Equity Bulls

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TamilnadMercantileBank INE668A01016 TMB PrivateBank FY26 BusinessUpdate