Tamilnad Mercantile Bank Reports Strong Business Growth in Fiscal Year 2026
Tamilnad Mercantile Bank Limited announced provisional business figures for the quarter and year ended March 31, 2026, reflecting robust growth across key areas. The bank’s total business reached ₹1,15,092 crore as of March 31, 2026, representing a 17.37% year-over-year increase compared to ₹98,055 crore in the previous fiscal year.Total advances for the bank amounted to ₹53,380 crore, a 20.32% increase year-over-year. Deposits rose to ₹61,712 crore, marking a 14.94% year-over-year gain. The bank’s CASA (Current Account Savings Account) balance reached ₹17,365 crore, reflecting a 22.35% year-over-year growth.
| Particulars | As of 31.03.2025 | As of 31.03.2026 Provisional* | Growth | As of 31.12.2025 | Growth Q-o-Q |
|---|---|---|---|---|---|
| Particulars | Audited | Y-o-Y | Reviewed | ||
| Total Business | 98,055 | 1,15,092 | 17.37% | 1,07,470 | 7.09% |
| Total Advances | 44,366 | 53,380 | 20.32% | 50,763 | 5.16% |
| Total Deposits | 53,689 | 61,712 | 14.94% | 56,707 | 8.83% |
| CASA | 14,193 | 17,365 | 22.35% | 15,847 | 9.58% |
The figures indicate a positive trend in the bank's overall performance. Swapnil Yelgaonkar, Company Secretary & Compliance Officer, provided the information.
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