Tamilnad Mercantile Bank Q1 net crosses ₹400 crore for the first time
Tamilnad Mercantile Bank (TMB) reported a record Q1 net profit of ₹411.51 crore, a 34.97% year-on-year increase, marking the first time it crossed the ₹400 crore mark. The bank also saw significant growth in Net Interest Income, deposits, and advances, and plans to expand its retail, MSME, and agriculture franchises, invest in technology, and explore international presence.
Tamilnad Mercantile Bank Ltd (TMB) reported a 34.97% year on year (YoY) increase in net profit to ₹411.51 crore for the quarter ended June 2026 compared with ₹304.89 crore in the corresponding quarter last year. “This is the highest-ever net profit in the bank’s history. For the first time, we have crossed the ₹400 crore mark,” said Salee S Nair, Managing Director and CEO of the bank.
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