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Tamilnad Mercantile Bank's Q2: Business Soars to ₹1.30 Lakh Crore, Advances Up 29%
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CNBC TV18•01-10-2026, 14:17
Tamilnad Mercantile Bank's Q2: Business Soars to ₹1.30 Lakh Crore, Advances Up 29%
- •Tamilnad Mercantile Bank reported a 27.3% year-on-year increase in total business, reaching ₹1.30 lakh crore in Q2.
- •Total deposits grew by 25.5% year-on-year to ₹69,546 crore, while total advances jumped 29.4% to ₹60,715 crore.
- •The bank's net profit surged 35% to ₹411.5 crore, and Net Interest Income (NII) rose 32% to ₹765.4 crore.
- •Asset quality improved, with gross non-performing assets (NPA) decreasing to 0.69% and net NPA declining to 0.17%.
- •CASA increased by 16.26% year-on-year to ₹15,163 crore, contributing to the bank's strong performance despite higher provisions.
Key Questions Answered
Tamilnad Mercantile Bank reported that its total business rose 27.3% year-on-year and 7% sequentially to ₹1.30 lakh crore in the second quarter.
Total deposits increased 25.5% year-on-year and 8% quarter-on-quarter to ₹69,546 crore, while total advances grew 29.4% year-on-year and 6% sequentially to ₹60,715 crore.
The bank's gross non-performing assets improved sequentially to 0.69% from 0.73%, and net NPA declined to 0.17% from 0.18%.
