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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.
यह कहानी Business Standard के October 29, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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