What was Tamilnad Mercantile Bank's net profit in Q3FY26?

Tamilnad Mercantile Bank reported a net profit of ₹342 crore for the third quarter of fiscal year 2026.

What drove the profit growth for TMB Bank in Q3FY26?

The bank's profit growth was driven by a 16% increase in advances, particularly from MSME and gold loans, alongside a 12.5% rise in deposits.

How did TMB Bank's asset quality perform in Q3FY26?

Asset quality improved significantly, with Gross NPA decreasing to 0.91% and Net NPA falling to 0.20% in Q3FY26.

Home / Business and Economy / TMB Bank Profit Soars 14% Amid Strong Loan Growth

TMB Bank Profit Soars 14% Amid Strong Loan Growth

4 Feb

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Summary

Net profit rose 14% to ₹342 crore in Q3FY26.
Advances grew 16% driven by MSME and gold loans.
Gross NPA decreased to 0.91% in Q3FY26.

TMB Bank Profit Soars 14% Amid Strong Loan Growth

Tamilnad Mercantile Bank announced a 14% year-on-year increase in net profit for the third quarter of fiscal year 2026, achieving ₹342 crore. Total income for the quarter stood at ₹1,655 crore.

The bank's advances grew by 16%, primarily due to strong performance in MSME and fixed-rate gold loans. Total advances reached ₹50,763 crore as of December 2025. Deposits also saw a notable 12.5% rise, reaching ₹56,707 crore.

Total business expanded by 14.3% year-on-year to ₹1,07,470 crore. The bank also reported a healthy increase in CASA deposits, up 14.9% year-on-year to ₹15,847 crore.

Asset quality showed marked improvement, with Gross Non-Performing Assets (NPA) falling to 0.91% from 1.32% in the prior year's comparable quarter. Net NPA also decreased to 0.20%.