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TMB eyes 15% growth in advances, 13% in deposits in FY26
Business Standard
|October 29, 2025
Thoothukudi-based Tamilnad Mercantile Bank (TMB) on Tuesday said that it is expecting a 14-15 per cent growth in advances, and 12-13 percent in deposits during 2025-26 (FY26).
The bank posted its highest-ever quarterly net profit of ₹318 crore during the second quarter of the financial year 2025-26 (FY26), up 5 per cent from ₹303 crore during the same period last financial year. Its total business grew by 11.40 per cent during the second quarter, the highest year-on-year growth since listing, touching ₹1.02 trillion from ₹91,875 crore in September 2024.
“When we end the year FY26, we will have a 14-15 per cent growth in advances, around 12-13 percent growth in deposits, and Casa should be around 12 per cent. I think that is coming due to the various initiatives happening,” said Salee $ Nair, managing director and chief executive officer of TMB.
This story is from the October 29, 2025 edition of Business Standard.
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