Tamilnad Mercantile Bank Limited — Investor Meet, 31-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Tamilnad Mercantile Bank delivered a robust Q1 FY26, with deposits growing 9.38% YoY to INR 53,803 Cr and advances up 10.44% YoY to INR 45,120 Cr. Net profit increased 6.13%. Asset quality significantly improved: GNPA fell to 1.22% and NNPA to 0.33%, with PCR at 73.04%. CASA growth turned positive at 4.51% YoY. NIM stands at 3.84%. Management stated Q1 was foundational, with strategic investments in MSME lending automation and digital initiatives. They anticipate 10-12% deposit and ~15% advances growth for FY26, expecting NIMs to stabilize around 3.85-3.95%. Outlook is confident on future growth and asset quality.