Tamilnad Mercantile Bank Q3 Net Profit Jumps to Rs 341.50 Cr, Driven by Strong Growth

• Tamilnad Mercantile Bank (TMB) reported a net profit of Rs 341.50 crore for the October-December 2025 quarter, up from Rs 300.24 crore in the previous year.
• For the nine-month period ending December 31, 2025, the bank's net profit increased to Rs 963.90 crore, compared to Rs 890.71 crore year-on-year.
• MD and CEO Salee S Nair highlighted healthy growth in advances and deposits, resilient profitability, and strong asset quality.
• Nair noted that US-India trade engagement is beneficial for export-oriented MSMEs, especially in Tamil Nadu's textile, engineering, and electronics sectors.
• TMB's total income for Q3 FY26 rose to Rs 1,665.42 crore, and for the nine-month period, it reached Rs 4,904.35 crore.