Munoth Financial Services Ltd — Important, 05-02-2026: Company Update

Tamilnad Mercantile Bank delivered a strong Q3, with net profit up 14% to Rs.342 crore. Total business surged 14.28% to Rs.1,07,470 crore, driven by 12.53% growth in deposits and 16.30% in advances. The bank significantly improved asset quality, with Gross NPA declining to 0.91% and Net NPA to 0.20%. Operating profit rose 15% to Rs.468 crore. Key growth came from MSME lending. TMB also expanded its branch network and rolled out new digital initiatives, signaling a move towards a stronger growth cycle.