Tamilnad Mercantile Bank Soars: Business Up 14.28%, Deposits Grow 12.53% in Q3

Brokerage firm Kotak Securities expects some stability in earnings after large downgrades over the past 12-15 months and strong growth in earnings in FY27 (18% for the Nifty 50 index). The brokerage wrote in its note that the market may offer modest returns over the next 12-15 months with growth in earnings being partly offset by lower multiples. It has shortlisted seven stocks that can do well until the next Diwali. Here is a look at those seven names:

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CNBC TV18•01-01-2026, 15:44

Tamilnad Mercantile Bank Soars: Business Up 14.28%, Deposits Grow 12.53% in Q3

•Tamilnad Mercantile Bank reported 14.28% YoY growth in total business, reaching ₹107,470 crore for Q3 FY25.
•Deposits increased by 12.53% YoY to ₹56,707 crore, while advances rose 16.30% to ₹50,763 crore.
•CASA deposits saw a 14.93% YoY growth, hitting ₹15,847 crore.
•The bank inaugurated five new branches and appointed Thiru S Balasubramanian as Data Protection Officer.

Why It Matters: Tamilnad Mercantile Bank shows strong Q3 growth across business, deposits, and advances, expanding operations.

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