Price History
Tamilnad Mercantile Bank experiences a significant growth in FY26, with deposits reaching INR 61,712 crore (up 15%) and advances at INR 53,379 crore (up 20%). The bank's non-performing assets have dropped to 0.73%, while the Current Account Savings Account ratio increased to 28.14%. Focusing on expansion and digital transformation, the bank aims to maintain its positive momentum in the future.
Tamilnad Mercantile Bank reported a significant 20.3% increase in loan growth, accompanied by a 22.3% surge in CASA deposits. The bank's asset quality showed improvement, with GNPA at 0.7% and Net NPA at 0.2%. Notably, the bank announced a high dividend of 125%.
Tamilnad Mercantile Bank has suggested a final dividend of INR 12.5 per share for the fiscal year 2025-26, pending approval from its Annual General Meeting (AGM).
Tamilnad Mercantile Bank has set ambitious goals, aiming for a 20% increase in loans and a 16% rise in deposits by the financial year ending in 2027.
Tamilnad Mercantile Bank shows a significant improvement in its Q4 loan defaults (GNPA) to 0.7%, a decrease from the previous quarter's 0.9%. This suggests an enhancement in asset quality as Non-Performing Asset ratio (NNPA) also decreased to 0.2%, consistent with the previous quarter.
Tamilnad Mercantile Bank reported a significant 27% year-on-year increase in its Q4 net profit, reaching INR 3.7 billion compared to INR 2.92 billion in the same period last year.
Tamilnad Mercantile Bank has announced a proposed dividend of ₹12.5 per share, potentially benefiting its shareholders.
Tamilnad Mercantile Bank reported a 28% year-on-year increase in Q4 net profit, reaching ₹374 crore. The bank's net non-performing assets (NPA) improved to 0.18%, and gross NPAs decreased quarter-on-quarter to 0.73%.
Tamilnad Mercantile Bank reported a significant increase in their annual net profit, climbing up to Rs. 1337.6 crore compared to last year. The bank also announced a final dividend of Rs. 12.5 per share and maintained a robust Basel III capital adequacy ratio at 33.7%.
Tamilnad Mercantile Bank reported a net profit of ₹133.8 crore for the fiscal year 2026. The board proposed a dividend of ₹12.50 per share, subject to shareholder approval at the upcoming AGM.
Investment analyst Kush Bohra has recommended purchasing shares of ABB India, TMB, and Graphite India due to bullish market indicators. He sets ambitious price targets at Rs 7,676 for ABB India, Rs 720 for TMB, and Rs 717 for Graphite India while suggesting stop losses as a precautionary measure for risk management.
The Reserve Bank of India (RBI) has relaxed Capital to Risk-Weighted Assets Ratio (CRAR) norms, enabling banks to incorporate quarterly profits more swiftly. This move is expected to strengthen banks' Tier I capital significantly. Additionally, the removal of Investment Fluctuation Reserve requirement will increase banks' capital ratios by 6-12 basis points, further bolstering their financial health.
Tamilnad Mercantile Bank will release their Q4 and full-year FY26 results on April 27, 2026. Insider trading is now closed from April 1 to April 29 in accordance with SEBI regulations.
Tamilnad Mercantile Bank experienced a 20% increase in advances to ₹533.8 billion year-over-year (YoY), indicating robust lending activity. Additionally, total deposits surged to ₹617.0 billion YoY, reflecting growing customer trust and strong deposit growth.
Tamilnad Mercantile Bank experienced a 17% increase in overall business during Q4, primarily due to an uptick in lending activities. The bank's strong customer deposit growth and positive momentum, which began following a robust Q3, continued to shine.
Tamilnad Mercantile Bank is facing a significant tax demand of INR 5.37 crores for the fiscal year 2024-25, resulting from a disallowance under Section 14A. The bank has announced its intent to appeal this decision.