Tamilnad Mercantile Bank Q2FY27 Results: Total business up 27.27% YoY to ₹1.30 lakh crore
- Total business rose 27.27% YoY to ₹1.30 lakh crore in Q2FY27
- Advances expanded 29.37% YoY to ₹60,715 crore
- Total deposits grew 25.49% YoY to ₹69,546 crore
- CASA balances increased 16.26% YoY to ₹17,629 crore
*this image is generated using AI for illustrative purposes only.
Tamilnad Mercantile Bank reported total business of ₹1.30 lakh crore in Q2FY27, rising 27.27% YoY and 7.02% QoQ.
Business performance highlights
The bank's advances grew 29.37% YoY and 5.95% QoQ to reach ₹60,715 crore during the quarter, reflecting broad-based expansion across both annual and sequential periods.
Total deposits stood at ₹69,546 crore, registering a growth of 25.49% YoY and 7.98% QoQ. CASA balances increased to ₹17,629 crore, up 16.26% YoY and 4.61% QoQ.
The table below summarises the key business metrics reported for Q2FY27:
| Metric | Q2FY27 | YoY Change | QoQ Change |
|---|---|---|---|
| Total business | ₹1.30 lakh crore | +27.27% | +7.02% |
| Advances | ₹60,715 crore | +29.37% | +5.95% |
| Total deposits | ₹69,546 crore | +25.49% | +7.98% |
| CASA | ₹17,629 crore | +16.26% | +4.61% |
What the numbers show
The 29.37% YoY expansion in advances outpaced the 27.27% YoY growth in total business, indicating that the loan book grew at a faster rate than the overall business base during Q2FY27. The sequential gains of 7.02% in total business and 5.95% in advances further underscore the momentum sustained from the previous quarter.
Deposit growth of 25.49% YoY lagged behind advance growth of 29.37%, suggesting a tightening liquidity environment or a shift in funding mix. While CASA deposits grew 16.26% YoY, the slower pace compared to total deposits (25.49%) indicates a relative increase in term deposits as the bank funded its expanding credit book.
Historical Stock Returns for Tamilnad Mercantile Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.53% | -5.94% | -2.19% | +49.58% | +105.39% | +70.05% |
How will the widening gap between advance and deposit growth impact Tamilnad Mercantile Bank's Net Interest Margin in the coming quarters?
What specific asset quality metrics are expected to emerge as the bank sustains near-30% YoY loan book expansion?
Is the bank planning to raise additional capital to support its rapid business growth trajectory through FY27?
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