Chennai: Private sector Tamilnad Mercantile Bank (TMB) on Monday posted a 42% growth in net profit at Rs 451 crore in the quarter ended Sept 30, 2026, against Rs 318 crore during the corresponding quarter last year.Its total advances grew by 29.3% to Rs 60,691 crore in Q2 FY27, up from Rs 46,930 crore in the year-ago quarter. The total business stood at Rs 1,30,237 crore as of Sept 30, 2026. “The net profit is the highest ever, and this has come out of the core business and is driven strongly by net interest income. The asset quality also remained strong, with the credit cost contained and cost to income is also under control with being below 40%,” TMB MD and CEO Salee S Nair told reporters through a virtual press conference.The private lender has raised $51.9 million through FCNR(B). “Our own linkages abroad is something now we have started working on. We are looking at three centers abroad in Singapore, Malaysia and Dubai for getting those linkages,” he added.
