Tamilnad Mercantile Bank (TMB) on Wednesday reported a 9.86% year-on-year rise in total business for the quarter ended June 2025, reaching ₹98,923 crore, supported by a healthy uptick in both deposits and advances.Total deposits grew by 9.4% YoY to ₹53,803 crore as of June 30, 2025, while gross advances expanded 10.4% to ₹45,120 crore.
CASA deposits rose 4.5% to ₹14,411 crore, reflecting stable growth in low-cost funding. The figures are provisional and subject to a limited review by the bank’s statutory central auditors.
Also read: South Indian Bank’s gross advances rise 8% to ₹89,201 crore in Q1 FY26This comes on the back of a steady March quarter performance, where the bank posted a 15.3% YoY jump in net profit to ₹291.9 crore. Net interest income (NII) rose marginally by 0.2% to ₹567.9 crore.
CASA deposits rose 4.5% to ₹14,411 crore, reflecting stable growth in low-cost funding. The figures are provisional and subject to a limited review by the bank’s statutory central auditors.
Also read: South Indian Bank’s gross advances rise 8% to ₹89,201 crore in Q1 FY26This comes on the back of a steady March quarter performance, where the bank posted a 15.3% YoY jump in net profit to ₹291.9 crore. Net interest income (NII) rose marginally by 0.2% to ₹567.9 crore.
The lender also saw sequential improvement in asset quality in Q4FY25. Gross non-performing assets (GNPA) dropped to 1.25% from 1.32% in the previous quarter, while net NPA improved to 0.35% from 0.41%, aided by better recoveries and conservative underwriting.
At 2:40 pm, shares of Tamilnad Mercantile Bank Ltd were trading 0.53% lower at ₹448.20 on the NSE.
Also Read: Karur Vysya Bank Q1 business update: Deposits, advances jump 15%
First Published: Christmas 2, 2025 2:46 pm IS
