Tamilnad Mercantile Bank announced Q2FY26 results Net profit has surged to Rs 318 crore from Rs 303 crore, up by 4.95%. Net NPA has decreased to 0.26% from 0.46%, improved by 20 bps. PCR (without technical written off) has increased to 74.36% from 66.40%. Total SMA to Gross Advances has reduced to 2.67% from 4.16%, came down by 149 bps. The CRAR % has increased to 30.96% from 29.59%, improved by 137 bps. Book value of share has increased to Rs 596.38 from Rs 532.37. The Net Interest Income is at Rs 597 crore for the quarter Q2FY26 as against Rs 596 Crore for Q2FY25 registering a growth rate of 0.17%. The Bank’s Networth has increased to Rs 9,444 crore (Q2FY25 Rs 8,430 crore) with an absolute rise of Rs 1,014 crore registering a growth rate of 12.03%. The RAM segment has increased to 94.59% for Q2FY26 as against 92.34% for Q2FY25. Total Business grew by 11.40%, highest year on year growth since listing. Deposits grew by 12.32% on YoY basis, deposits has increased to Rs 55,421 crore (Q2FY25 Rs 49,342 crore). The Bank’s CASA has increased to Rs 15,163 crore (Q2FY25 Rs 13,873 crore). The advance level of the Bank has increased to Rs 46,930 crore with a growth rate of 10.34% on YoY basis. Lowest GNPA in the last 10 years @1.01% Salee S Nair, MD & CEO, Tamilnad Mercantile Bank, said: “We have achieved the highest ever quarterly Net Profit in Q2FY26, driven by continued growth in our core lending and deposit businesses. We remain committed to our strategic priorities of expanding our reach and enhancing customer experience. In this quarter, we have opened 9 new branches, across key markets, further strengthening our distribution network. We have also entered into several strategic partnerships for the digital transformation of the bank and increasing operational efficiency to enhance customer service. We believe that these strategic initiatives, coupled with our focus on responsible lending and cautious risk management practices, will pave the way for sustainable and profitable growth in the years to come.” Result PDF