Tamilnad Mercantile Bank's Q2 net profit climbs 4.95%, total business crosses ₹100,000 crore

Tamilnad Mercantile Bank reported robust financial performance for the quarter and half-year ended September 30, 2025, with net profit surging to ₹318 crore, a 4.95% increase from ₹303 crore in Q2 FY2025. Total business grew by 11.40% year-on-year to ₹102,351 crore, driven by a 12.32% rise in deposits to ₹55,421 crore and a 10.34% increase in advances to ₹46,930 crore. The bank achieved its lowest gross NPA in 10 years at 1.01% and an improved net NPA of 0.26%.

During the quarter, the bank expanded its network by opening nine new branches, including its 600th branch in Vizhinjam, Kerala. Tamilnad Mercantile Bank also enhanced its digital offerings by launching the TMB Rewards program for RuPay Debit Card variants, implementing the Oracle Fusion CX Platform for CRM, and establishing a new AI-integrated Call Centre, demonstrating a strong commitment to "phygital" expansion and customer experience.

The board of directors approved these unaudited financial results on October 27, 2025. Additionally, the bank announced the completion of an eight-year tenure for non-executive directors S.R. Ashok and D.N. Nirranjan Kani, effective from the close of business hours on the same date.