Tamilnad Mercantile Bank FY26 Net Profit Rises 13%

TMB reported FY26 net profit of ₹1,337.55 crore, a 13.10% YoY increase, with Q4 profit up 28.01% to ₹373.65 crore.
Deposits grew 14.94% YoY to ₹61,712 crore and advances increased 20.31% YoY to ₹53,379 crore, marking the highest growth in 40 quarters.
Asset quality improved significantly with GNPA at 0.73% (10-year low) and NNPA at 0.20%, while PCR reached 96.08% with technical write-offs.
The bank expanded its network with 44 new branches (15 outside Tamil Nadu) and 12 Centralized Marketing Centers while undergoing digital transformation.