Tamilnad Mercantile Bank Limited has informed the Exchange about Transcript
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Tamilnad Mercantile Bank filed the transcript of its Q2 FY26 earnings call held on October 28, 2025. Total business grew 11.40%, deposits 12.32%, and CASA share rose 92 bps over two quarters, indicating a revival in the liability franchise. Net profit was INR318 crore, with ROA at 1.85% and ROE at 13.77%, while asset quality stayed best-in-class with GNPA at 1.01% and net NPA at 0.26%. Management guided NIM to 3.85% plus on deposit repricing, FY26 credit growth of 14-15%, deposit growth of 12-13%, and called FY27 a breakout year with profit growth of 20% plus/minus 3%. The bank is investing INR250 crore in technology and has shifted 82% of staff to a CTC pay model to control HR costs, with capital adequacy at a strong 30.96%.
The detailed guidance on NIM expansion, double-digit credit and deposit growth, and a clear FY27 profit roadmap supports the stock's growth-recovery narrative. Best-in-class asset quality and a 30%+ capital cushion provide downside comfort, likely to be viewed positively by investors.