Tamilnad Mercantile Bank has delivered comprehensive financial growth in its third quarter results, reporting both revenue and net profit increases alongside significant improvement in asset quality metrics. The bank demonstrated robust operational efficiency with enhanced profitability and better asset management during the quarter.

Revenue and Profitability Performance

The bank reported strong top-line growth with revenue reaching 14.7 billion rupees in the third quarter, compared to 13.3 billion rupees in the same period last year, representing a solid 10.5% year-on-year increase. Net profit performance was equally impressive, with the bank achieving 3.4 billion rupees versus 3.0 billion rupees in the corresponding quarter of the previous year, marking a substantial 13.3% growth.

Asset Quality Enhancement

The bank's asset quality metrics showed notable improvement on a quarter-on-quarter basis, reflecting effective credit risk management. The Gross Non-Performing Assets (GNPA) ratio declined to 0.91% from 1.01%, while the Net Non-Performing Assets (NNPA) ratio improved to 0.20% from 0.26%.

Overall Performance Assessment

The combination of revenue expansion, profit growth, and improved asset quality positions Tamilnad Mercantile Bank favorably within the competitive banking sector. The reduction in both GNPA and NNPA ratios indicates effective credit risk management and recovery mechanisms, while the double-digit growth in both revenue and profit demonstrates the bank's ability to generate consistent returns and maintain growth momentum across key financial metrics.

Tamilnad mercantile bank Limited has announced a key senior management appointment, naming Thiru. John J Mathews as the bank's new Chief Security Officer. The appointment was communicated to stock exchanges on January 19, 2026, in compliance with SEBI listing regulations.

Appointment Details

The bank has appointed Mathews effective January 19, 2026, on a contractual basis for a period of three years. The appointment was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of changes in senior management personnel.

Professional Background

John J Mathews brings extensive military experience to his new role, having served over 37 years in the Indian Army before retiring as Major General. His distinguished career encompasses various leadership positions and specialized roles across different divisions and institutions.

His operational experience includes:

• Commanding an Armored Division
• Leading an Armored Brigade
• Commanding a mechanized infantry battalion
• Serving as Principal Staff Officer overseeing Western Borders and 13 states
• Working as Military Secretary to a Senior Officer
• Serving at Director level in Army Headquarters

Academic Qualifications and Training Roles

Mathews holds multiple academic qualifications that complement his operational experience. His educational credentials include B.Sc., B.Tech, M.Sc., and M.Phil degrees, providing him with a strong technical and academic foundation.

In addition to his operational roles, Mathews has contributed significantly to military education and training. He served as an Instructor at the National Defence Academy in Khadakvasla, performed duties as Directing Staff at Defence Services Staff College, and worked as Senior Instructor at the Army War College in Mhow.

Regulatory Compliance

The appointment notification was filed by Company Secretary and Compliance Officer Swapnil Yelgaonkar, ensuring adherence to SEBI's disclosure requirements. The bank provided comprehensive details about the appointee's background and qualifications as mandated under the listing regulations.

This strategic appointment reflects Tamilnad Mercantile Bank's commitment to strengthening its security framework with experienced leadership from the defense sector.