Tamilnad Mercantile Bank Limited — Investor Meet, 01-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Q2 Profit rose 4.73% YoY to ₹318 Cr. The bank saw accelerating growth with total business up 11.40%, deposits 12.32%, and CASA 9.30% YoY. Asset quality remains strong, with GNPA at 1.01% and Net NPA at 0.26%. ROA hit 1.85% and Cost-to-Income improved to 43.81%.

Management projects FY26 credit growth of 14-15% and deposits 12-13%. FY27 is anticipated as a breakout year with ~20% profit growth, driven by a ₹250 Cr IT budget for digital transformation and branch expansion. Existing provisions cover future expected credit losses.

The bank displays strong confidence in its growth trajectory, operational enhancements, and sustained asset quality.