Tamilnad Mercantile Bank's Q3 profit jumps 14% to ₹342cr
Tamilnad Mercantile Bank (TMB) just posted a ₹342 crore profit for October-December 2025—a 14% boost from last year.
Their total income also climbed, thanks to more people taking loans and parking their money with the bank.
Lending to MSMEs and gold loans see big boost
TMB saw a big jump in lending, especially to small businesses (MSMEs) and through gold loans, which shot up by 60%.
Overall business grew over 14%, while deposits rose by nearly 13%.
More folks are using their current and savings accounts too.
Bad loans drop noticeably, showing stronger asset quality
The bank cleaned up its books—bad loans dropped noticeably, showing stronger asset quality.
CEO Salee S Nair called MSMEs a "turnaround story" for TMB and the bank expects to grow total business by over 15% for full FY26.
The bank is also going digital, rolling out an AI-powered call center and planning to invest ₹250 crore in tech upgrades by FY27.