Tamilnad Mercantile Bank announced Q1FY26 results Net profit has surged to Rs 305 crore from Rs 287 crore, up by 6.27%. Gross NPA has decreased to 1.22% from 1.44%, improved by 22 bps. Net NPA has decreased to 0.33% from 0.65%, improved by 32 bps. PCR has increased to 94.32% from 90.27% Total SMA to Gross Advances has reduced to 3.05% from 4.98%, came down by 193 bps. The CRAR % has increased to 31.55% from 29.21%, improved by 234 bps. Book value of share has increased to Rs 589.09 from Rs 520.63 The Bank’s deposits has increased to Rs 53,803 crore (PY Rs 49,188 crore) The advance level of the Bank has increased to Rs 45,120 crore with a growth rate of 10.44% on YoY basis. The Net Interest Income is at Rs 580 crore for the quarter Q1FY26 as against Rs 567 crore for Q1FY25 registering a growth rate of 2.29%. The Bank’s Net worth has increased to Rs 9,328 crore (PY Rs 8,244 crore) with an absolute rise of Rs 1084 crore registering a growth rate of 13.15% The RAM segment has increased to 93.31% for Q1FY26 as against 92.07% for Q1FY25. Salee S Nair, MD & CEO, Tamilnad Mercantile Bank said, “We have achieved the highest ever quarterly Net Profit in Q1FY26, 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 year, we have opened 7 new branches in this quarter across key markets, further strengthening our distribution network. We have also entered into a several strategic partnerships for a digital transformation of the bank and increasing operational efficiency to enhance customer growth. 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
