Tamilnad Mercantile Bank Reports Robust Growth Across Key Business Metrics in Q2
Tamilnad Mercantile Bank (TMB) announced significant growth in Q2 across key segments. Total business surpassed ₹1 lakh crore, reaching ₹1,02,417.00 crores with 11.47% YoY growth. Total advances grew to ₹46,996.00 crores (10.49% YoY), while deposits increased to ₹55,421.00 crores (12.32% YoY). CASA deposits rose to ₹15,163.00 crores, showing 9.30% YoY growth. The bank demonstrated consistent growth across all metrics, indicating robust performance.

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Tamilnad Mercantile Bank (TMB) has announced impressive growth across its key business segments for the second quarter. The bank's performance demonstrates strong momentum in its core operations, with double-digit growth in total business, advances, and deposits.
Total Business Surges Past ₹1 Lakh Crore Mark
TMB's total business reached a significant milestone, crossing the ₹1 lakh crore mark to stand at ₹1,02,417.00 crores. This represents a substantial year-on-year growth of 11.47% compared to ₹91,875.00 crores reported in the same period last year. The bank also showed quarter-on-quarter growth of 3.53% from ₹98,923.00 crores.
Robust Growth in Advances and Deposits
The bank's total advances grew to ₹46,996.00 crores, marking a 10.49% increase from the previous year's figure of ₹42,533.00 crores. On a sequential basis, advances improved by 4.16% from ₹45,120.00 crores.
Total deposits stood at ₹55,421.00 crores, showcasing a strong year-on-year growth of 12.32% compared to ₹49,342.00 crores. The quarter-on-quarter growth in deposits was 3.01%, up from ₹53,803.00 crores.
CASA Performance
TMB's Current Account Savings Account (CASA) deposits, an important indicator of a bank's ability to gather low-cost funds, reached ₹15,163.00 crores. This represents a year-on-year growth of 9.30% from ₹13,873.00 crores and a quarter-on-quarter increase of 5.22% from ₹14,411.00 crores.
Key Performance Indicators
Particulars | Amount (₹ in Crore) | Y-o-Y Growth (%) | Q-o-Q Growth (%) |
---|---|---|---|
Total Business | 102,417.00 | 11.47 | 3.53 |
Total Advances | 46,996.00 | 10.49 | 4.16 |
Total Deposits | 55,421.00 | 12.32 | 3.01 |
CASA | 15,163.00 | 9.30 | 5.22 |
The bank's consistent growth across all key metrics indicates a robust performance in the second quarter. TMB's ability to expand its business volume, coupled with growth in both advances and deposits, suggests a positive outlook for the bank's operations.
It's worth noting that these figures are provisional and subject to limited review by the bank's Statutory Central Auditors. As Tamilnad Mercantile Bank continues to strengthen its market position, investors and stakeholders will likely keep a close eye on the bank's performance in the coming quarters.
Historical Stock Returns for Tamilnad Mercantile Bank
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.01% | +0.19% | -0.42% | -1.45% | -7.86% | -16.66% |