Tamilnad Mercantile Bank Limited — Credit Ratings, 01-07-2025: Credit Rating

Tamilnad Mercantile Bank’s credit ratings have been reaffirmed by CRISIL with a stable outlook. The bank’s Fixed Deposits remain rated at CRISIL A+ (Stable) for Rs.15,000 Cr, while Short Term Fixed Deposits and Certificate of Deposits retain the CRISIL A1+ rating for Rs.25,000 Cr and Rs.1,000 Cr respectively. This reaffirmation reflects the bank’s steady financial position, comfortable liquidity, and prudent risk management. The stable ratings support continued investor confidence and should help maintain favorable borrowing costs, reinforcing the bank’s ability to raise funds effectively.