Tamilnad Mercantile Bank total business rises 23% in Q1FY27
Tamilnad Mercantile Bank reported a 23.04% year-on-year increase in total business to ₹1,21,715 crore for Q1FY27, driven by a 27.01% rise in advances and a 19.71% increase in deposits. CASA grew 16.94% year-on-year but declined 2.95% quarter-on-quarter to ₹16,852 crore.
*this image is generated using AI for illustrative purposes only.
Tamilnad Mercantile Bank reported a 23.04% year-on-year increase in total business, reaching ₹1,21,715 crore for the quarter ended June 30, 2026. This growth was driven by a robust expansion in both advances and deposits, reflecting strong momentum in the bank's core lending and deposit mobilization activities compared to the same period in the previous year.
Total advances surged 27.01% to ₹57,306 crore as of June 30, 2026, up from ₹45,120 crore in the prior year. On a sequential basis, advances grew 7.36% from the audited figure of ₹53,379 crore as of March 31, 2026. The bank's total deposits also witnessed significant growth, rising 19.71% year-on-year to ₹64,409 crore from ₹53,803 crore. Quarter-on-quarter, deposits increased by 4.37%.
The Current Account Savings Account (CASA) balance stood at ₹16,852 crore, registering a year-on-year growth of 16.94%. However, CASA declined by 2.95% on a quarter-on-quarter basis compared to ₹17,365 crore as of March 31, 2026. These figures are provisional and subject to limited review by the Statutory Central Auditors of the bank.
Business Performance Summary
The following table details the bank's provisional business figures for Q1FY27:
| Particulars | As of 30.06.2025 (Reviewed) | As of 30.06.2026 (Provisional*) | Growth Y-o-Y (%) | As of 31.03.2026 (Audited) | Growth Q-o-Q (%) |
|---|---|---|---|---|---|
| Total Business | 98,923 | 1,21,715 | 23.04 | 1,15,091 | 5.76 |
| Total Advances | 45,120 | 57,306 | 27.01 | 53,379 | 7.36 |
| Total Deposits | 53,803 | 64,409 | 19.71 | 61,712 | 4.37 |
| CASA | 14,411 | 16,852 | 16.94 | 17,365 | (2.95) |
*Subject to limited review by the Statutory Central Auditors of the Bank.
Historical Stock Returns for Tamilnad Mercantile Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.54% | +6.20% | +5.37% | +44.51% | +83.60% | +60.06% |
What factors contributed to the 2.95% quarter-on-quarter decline in CASA deposits despite overall deposit growth?
How will the 27.01% surge in advances impact the bank's asset quality and non-performing asset (NPA) ratios in the coming quarters?
What strategies is the bank employing to maintain deposit growth momentum given the rising interest rate environment?
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