Tamilnad Mercantile Bank Ltd Share Price – NSE /  BSE

Banks, Small Cap

Total deposits climbed 14.94% to Rs 61,712 crore as of 31 March 2026, as against Rs 53,689 crore as of 31 March 2025.

As of 31 March 2026, total business stood at Rs 115,092 crore, registering a growth of 17.37% compared with Rs 98,055 crore as of 31 March 2025.

CASA increased 22.35% to Rs 17,365 crore as of 31 March 2026, compared with Rs 14,193 crore as of 31 March 2025.

Tamilnad Mercantile Bank (TMB) is one of the renowned old private sector banks, having its headquarters in Thoothukudi (Tamil Nadu). The bank reported standalone net profit jumped 13.74% to Rs 341.50 crore on a 9.57% increase in total income to Rs 1,665.42 crore in Q3 FY26 over Q3 FY25.

Shares of Tamilnad Mercantile Bank fell 1.14% to Rs 599.35 on the BSE.

Tamilnad Mercantile Bank is opening three new branches at Ballari (Karnataka), Anand (Gujarat) and Pandalkudi (Tamil Nadu) on 30 March 2026.

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Tamilnad Mercantile Bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) of the Bank with effect from 07 February 2026 as under:

Overnight MCLR - 7.55%
One month MCLR - 7.55%
Three month MCLR- 8.25%
Six month MCLR - 8.80%
One year MCLR - 9.25%

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Net interest income (NII) rose 13.3% YoY to Rs 646.14 crore in Q3 FY26, while net interest margin (NIM) stood at 4.04% for the quarter ended 31 December 2025.

Operating profit (OP) increased 14.8% YoY to Rs 468.22 crore in Q3 FY26, up from Rs 407.71 crore in Q3 FY25.

On the asset quality front, gross non-performing assets (NPAs) amounted to Rs 474.45 crore as of 31 December 2025 as against Rs 584.45 crore as of 31 December 2024. The gross NPA ratio was 0.91% as of 31 December 2025 as against 1.32% as of 31 December 2024. The net NPA ratio was 0.20% as of 31 December 2025, as against 0.41% as of 31 December 2024.

Total deposits of the bank stood at Rs 56,707 crore as of 31 December 2025, recording a growth of 12.53% YoY. Gross advances of the bank stood at Rs 50,763 crore as of 31 December 2025, up by 16.30% YoY. CASA deposits rose 14.93% year-on-year to Rs 15,847 crore, reflecting stable granular funding.

Provision coverage ratio (PCR) stood at 96.08% as of 31 December 2025. CRAR stood at 30.08 as of 31 December 2025, as against 29.35% as of 31 December 2024.

Tamilnad Mercantile Bank is one of the renowned old private sector banks.

Shares of Tamilnad Mercantile Bank rose 4.60% to close at Rs 624.90 on the BSE.

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