Tamilnad Mercantile Bank has released its provisional business figures for Q3 FY26 under SEBI LODR Regulations, demonstrating continued strong performance across key banking parameters. The private sector lender reported 14.28% year-on-year growth in total business to ₹1,07,470 crore for the third quarter ended December 31, 2025.

Q3 FY26 Business Performance Overview

The bank's business update shows robust growth momentum across all major business segments, with total business growing from ₹94,042 crore in the same quarter last year. Sequential growth was also strong at 4.93% from ₹1,02,417 crore in the previous quarter.

Credit Portfolio Expansion

The bank's lending portfolio showed particularly strong performance with total advances growing by 16.30% year-on-year to reach ₹50,763 crore. Sequential growth was equally impressive at 8.01% from ₹46,996 crore in the September quarter, reflecting the bank's effective lending strategies and robust credit demand in its operational markets.

Deposit Growth and CASA Performance

Total deposits increased by 12.53% year-on-year to ₹56,707 crore, with sequential growth of 2.32% from ₹55,421 crore in the previous quarter. CASA deposits demonstrated strong growth of 14.93% year-on-year, reaching ₹15,847 crore compared to ₹13,788 crore in the previous year, with quarterly growth of 4.51%. This improvement in CASA deposits indicates enhanced customer engagement and cost-effective funding.

Stock Performance and Recent Developments

The bank's shares are trading at ₹517.90 apiece, marginally higher by 0.80% than the day's opening. The company recently expanded its branch network by opening five new branches in Velandipalayam, Kalapatti, Davanagere, Puthukkadai, and Nikol. Additionally, the bank appointed Thiru S Balasubramanian, Deputy Vice President, as the data protection officer effective December 26, 2025.

Regulatory Compliance

The business update was communicated to both stock exchanges as part of the bank's obligations under SEBI regulations. Company Secretary & Compliance Officer Swapnil Yelgaonkar signed the regulatory filing, with the provisional figures subject to limited review by statutory central auditors.

Tamilnad Mercantile Bank (TMB), a prominent player in the Indian banking sector, has successfully concluded its postal ballot process with shareholders approving key corporate governance resolutions through remote e-voting.

Postal Ballot Results Declaration

On December 29, 2025, TMB officially declared the results of its postal ballot process to the stock exchanges. The bank informed both NSE and BSE that all resolutions outlined in the postal ballot notice dated November 19, 2025, have been passed by shareholders with the requisite majority.

The resolutions were deemed passed on December 28, 2025, marking the successful conclusion of the remote e-voting period that began on November 29, 2025.

Key Approved Resolutions

Shareholders approved two significant corporate governance matters:

Director Appointments

The appointment of two Non-Executive Non-Independent Directors received shareholder approval:

Articles of Association Amendments

Shareholders also approved amendments to the bank's Articles of Association, aimed at aligning the governance structure with current regulatory requirements and ensuring compliance with banking and corporate governance norms.

E-voting Process Details

The bank successfully conducted the voting process through remote e-voting mechanism:

Regulatory Compliance

The results declaration was made in compliance with Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Swapnil Yelgaonkar signed the official communication to the exchanges, ensuring proper regulatory adherence.

Financial Foundation

These governance changes come at a time when TMB has demonstrated solid financial performance. The bank's recent financial metrics show:

The successful completion of this postal ballot process strengthens TMB's governance framework and positions the bank for continued growth. The approval of new directors and updated Articles of Association demonstrates shareholder confidence in the bank's strategic direction and commitment to maintaining high corporate governance standards.