TMB reports 4.9% growth in Q2 FY26 net profit

CHENNAI: Private sector Tamilnad Mercantile Bank (TMB) on Monday posted a 4.9% rise in net profit at Rs 318 crore in the quarter ended Sept 30, 2025, against Rs 303 crore during the corresponding quarter last year.

Its deposits grew by 12.3% on a YoY basis at Rs 55,421 crore in Q2 FY26 over Rs 49,342 crore during the year-ago quarter. The advances were at Rs 46,930 crore in the July-Sept quarter of 2025-26, an increase by 10.3% when compared with Rs 42,533 crore in the same quarter of FY25. While the gross NPA was down to 1% in Q2 FY26 from 1.37% in Q2 FY25, the Tuticorin-headquartered bank's net NPA declined to 0.26% from 0.46%, an improvement by 20 bps YoY.

Salee S Nair, MD & CEO, TMB, said, "We have achieved the highest ever quarterly net profit in Q2 FY26, driven by continued growth in our core lending and deposit businesses."



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