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Tamilnad Mercantile Bank registers 27% rise in total advances in Q1FY27

02 Jul 2026 Evaluate

Tamilnad Mercantile Bank’s total advances stood at Rs 57,306 crore (provisional) as of June 30, 2026 (Q1FY27), posting a 27.01% rise in year-on-year (YoY) terms against Rs 45,120 crore as of June 30, 2025. Total deposits grew 19.71% to Rs 64,409 crore (provisional) as of June 30, 2026, as compared to Rs 53,803 crore as of June 30, 2025.

Total business stood at Rs 1,21,715 crore (provisional) as of June 30, 2026, posting a 23.04% rise in YoY terms against Rs 98,923 crore as of June 30, 2025. CASA stood at Rs 16,852 crore as of June 30, 2026 versus Rs 14,411 crore as of June 30, 2025.

Tamilnad Mercantile Bank is one of the oldest private sector banks in the country. It offers a wide range of banking and financial services primarily to Micro, Small and Medium Enterprises (MSME), agricultural and retail customers.

Peers
Company Name CMP
HDFC Bank 735.80
ICICI Bank 1326.50
Axis Bank 1220.00
Kotak Mahindra Bank 403.40
Indusind Bank 912.50
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