Tamilnad Mercantile Bank Q4 update: Total business rises 17% on strong advances growth

Tamilnad Mercantile Bank reported a steady business update for the March quarter, with Current Account and Savings Account (CASA) growth remaining strong.

CASA deposits rose 22.35% year-on-year and 9.58% sequentially to ₹17,365 crore as of March 31, 2026.

The bank’s total business stood at ₹1.15 lakh crore, up 17.37% YoY and 7.09% QoQ.

Advances grew 20.32% YoY and 5.16% QoQ to ₹53,380 crore during the quarter. Meanwhile, total deposits increased 14.94% on-year and 8.83% sequentially to ₹61,712 crore.

The lender said the figures are provisional and subject to audit by statutory central auditors.

Also read: Delta Corp, Tamilnad Mercantile Bank, Physicswallah receive over ₹2,200-cr tax demands

In the December quarter (Q3 FY26), the bank had reported a healthy performance, with net profit rising 13.8% YoY to ₹341.5 crore, while net interest income grew 13.3% to ₹646 crore, supported by steady growth in advances and deposits.

In Q3, Asset quality also improved, with gross NPAs declining to 0.91% from 1.01% and net NPAs easing to 0.20% from 0.26% sequentially.

Total business had grown 14.28% YoY to ₹1.07 lakh crore in Q3, indicating continued momentum in core operations.

Read more: Tamilnad Mercantile Bank Q3 Results: Shares gain after profit, NII rise; NPAs ease