Tamilnad Mercantile Bk advances up 16% YoY as of Dec 31; deposits rise 12.5%
This story was originally published at 15:11 IST on 1 January 2026
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--Tamilnad Mercantile Bk: Total advances INR 507.6 bln on Dec 31, up 16% YoY
--Tamilnad Mercantile Bk: Total deposits INR 567 bln on Dec 31, up 12.5% YoY
MUMBAI – Tamilnad Mercantile Bank Ltd.'s total advances grew 16.30% on year to INR 507.63 billion as of Dec. 31, according to the provisional figures released by the bank Thursday. Its total deposits were up 12.53% on year at INR 567.07 billion as of Dec. 31, with current account savings account deposits rising 14.93% on year to INR 158.47 billion.
The bank's total business rose 14.28% on year to INR 1.07 trillion as of Dec. 31, as per the release. For the September quarter, the bank had reported a net profit of INR 3.18 billion, up 4.73% on year. At 1451 IST, shares of the bank traded 1.01% higher at INR 519.00 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Janwee Prajapati
Edited by Tanima Banerjee
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