According to the bank’s provisional business figures, total business rose 23% year-on-year to ₹1.22 lakh crore as of June 30, 2026, from ₹98,923 crore a year earlier. On a sequential basis, total business grew 5.8% from ₹1.15 lakh crore at the end of March.
Gross advances increased 27% year-on-year to ₹57,306 crore, while total deposits grew 19.7% to ₹64,409 crore. Compared with the March quarter, advances rose 7.4%, while deposits were up 4.4%. Meanwhile, the bank’s CASA deposits stood at ₹16,852 crore, up 16.9% from a year ago but down 3% sequentially. The figures are provisional and subject to a limited review by the bank’s statutory central auditors.
The latest business update builds on the bank’s strong performance in the March quarter. Tamilnad Mercantile Bank had reported a 28% year-on-year rise in net profit to ₹374 crore, supported by healthy growth in core income.
Net interest income (NII) increased 24% to ₹704.4 crore, reflecting continued traction in lending operations. Asset quality also improved further during the quarter, with the gross non-performing asset (NPA) ratio declining to 0.73% from 0.91% sequentially, while the net NPA ratio eased to 0.18% from 0.20%, indicating stable credit quality and lower stress levels.
Shares of Tamilnad Mercantile Bank Ltd. ended 0.27% lower at ₹731.50 on the NSE on Wednesday, ahead of the business update.
